Blue Trust Inc. Acquires 67 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Blue Trust Inc. grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 889 shares of the semiconductor company’s stock after acquiring an additional 67 shares during the period. Blue Trust Inc.’s holdings in Monolithic Power Systems were worth $822,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in Monolithic Power Systems in the 2nd quarter valued at about $25,000. NBC Securities Inc. grew its holdings in shares of Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 26 shares in the last quarter. Wolff Wiese Magana LLC increased its position in shares of Monolithic Power Systems by 3,400.0% in the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 34 shares during the period. RiverPark Advisors LLC acquired a new position in Monolithic Power Systems in the first quarter valued at about $27,000. Finally, Atwood & Palmer Inc. acquired a new position in Monolithic Power Systems in the second quarter valued at about $33,000. 93.46% of the stock is currently owned by institutional investors.

Insider Transactions at Monolithic Power Systems

In related news, EVP Deming Xiao sold 859 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $668,637.01. Following the completion of the sale, the executive vice president now owns 202,354 shares of the company’s stock, valued at $157,510,330.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Deming Xiao sold 859 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $668,637.01. Following the transaction, the executive vice president now owns 202,354 shares in the company, valued at approximately $157,510,330.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Theodore Blegen sold 728 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $566,667.92. Following the transaction, the chief financial officer now directly owns 64,178 shares in the company, valued at $49,955,513.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,136 shares of company stock valued at $38,591,228. Corporate insiders own 3.20% of the company’s stock.

Monolithic Power Systems Stock Down 0.2 %

Shares of NASDAQ:MPWR opened at $916.29 on Monday. The firm has a market cap of $44.60 billion, a P/E ratio of 109.21, a P/E/G ratio of 4.33 and a beta of 1.11. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $959.64. The business has a fifty day simple moving average of $902.98 and a 200 day simple moving average of $810.11.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. The company had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same period last year, the company earned $2.05 earnings per share. As a group, equities research analysts expect that Monolithic Power Systems, Inc. will post 10.41 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $1.25 per share. The ex-dividend date was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.55%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 59.59%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Raymond James raised their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Needham & Company LLC lifted their price target on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. TD Cowen upgraded shares of Monolithic Power Systems to a “strong-buy” rating in a research note on Monday, September 16th. Finally, Rosenblatt Securities raised their target price on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $959.90.

Monolithic Power Systems 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.