Mutual of America Capital Management LLC Has $5.58 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mutual of America Capital Management LLC decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,793 shares of the semiconductor company’s stock after selling 159 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Monolithic Power Systems were worth $5,582,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Dynamic Advisor Solutions LLC boosted its holdings in Monolithic Power Systems by 3.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock valued at $268,000 after purchasing an additional 12 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Monolithic Power Systems by 23.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 15 shares in the last quarter. Valeo Financial Advisors LLC grew its position in Monolithic Power Systems by 2.8% in the second quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock valued at $458,000 after acquiring an additional 15 shares during the period. HB Wealth Management LLC raised its stake in Monolithic Power Systems by 2.0% during the first quarter. HB Wealth Management LLC now owns 799 shares of the semiconductor company’s stock worth $541,000 after acquiring an additional 16 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Monolithic Power Systems by 9.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 212 shares of the semiconductor company’s stock valued at $174,000 after acquiring an additional 18 shares during the period. 93.46% of the stock is owned by institutional investors.

Insider Transactions at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00. Following the completion of the sale, the chief financial officer now owns 61,678 shares in the company, valued at $55,769,247.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the completion of the transaction, the chief financial officer now directly owns 61,678 shares in the company, valued at approximately $55,769,247.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Deming Xiao sold 3,205 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total transaction of $2,665,213.90. Following the completion of the sale, the executive vice president now owns 203,213 shares in the company, valued at $168,987,866.54. The disclosure for this sale can be found here. Insiders have sold 98,299 shares of company stock worth $83,140,933 in the last three months. Insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

MPWR has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Truist Financial lifted their target price on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Rosenblatt Securities boosted their target price on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Oppenheimer raised their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. Finally, TD Cowen raised Monolithic Power Systems to a “strong-buy” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $912.30.

Monolithic Power Systems Stock Down 2.2 %

Shares of MPWR opened at $891.32 on Friday. The stock’s fifty day simple moving average is $862.05 and its 200-day simple moving average is $776.26. The firm has a market capitalization of $43.39 billion, a PE ratio of 106.24, a price-to-earnings-growth ratio of 4.14 and a beta of 1.12. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.07 by $0.10. The company had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.05 EPS. Analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 59.59%.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.