Greenleaf Trust Has $905,000 Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Greenleaf Trust increased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 979 shares of the semiconductor company’s stock after acquiring an additional 14 shares during the period. Greenleaf Trust’s holdings in Monolithic Power Systems were worth $905,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MPWR. Lecap Asset Management Ltd. acquired a new stake in Monolithic Power Systems in the 3rd quarter valued at $703,000. Symphony Financial Ltd. Co. raised its stake in Monolithic Power Systems by 43.4% during the third quarter. Symphony Financial Ltd. Co. now owns 654 shares of the semiconductor company’s stock worth $597,000 after acquiring an additional 198 shares in the last quarter. Waldron Private Wealth LLC lifted its holdings in shares of Monolithic Power Systems by 3.4% during the third quarter. Waldron Private Wealth LLC now owns 646 shares of the semiconductor company’s stock valued at $597,000 after acquiring an additional 21 shares during the period. Signaturefd LLC boosted its stake in shares of Monolithic Power Systems by 9.1% in the 3rd quarter. Signaturefd LLC now owns 718 shares of the semiconductor company’s stock valued at $663,000 after purchasing an additional 60 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Monolithic Power Systems by 38.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 834 shares of the semiconductor company’s stock worth $771,000 after purchasing an additional 231 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Rosenblatt Securities lifted their price target on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a report on Monday, July 29th. Truist Financial reiterated a “buy” rating and issued a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Stifel Nicolaus increased their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, TD Cowen upgraded Monolithic Power Systems to a “strong-buy” rating in a report on Monday, September 16th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $959.90.

Monolithic Power Systems Trading Up 1.9 %

MPWR stock opened at $900.03 on Friday. The firm has a market cap of $43.81 billion, a PE ratio of 107.27, a P/E/G ratio of 4.33 and a beta of 1.11. The business’s 50-day moving average price is $904.36 and its two-hundred day moving average price is $814.46. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $959.64.

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

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.56%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s payout ratio is 59.59%.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the completion of the transaction, the executive vice president now directly owns 103,829 shares of the company’s stock, valued at $96,518,400.11. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the completion of the transaction, the executive vice president now directly owns 103,829 shares in the company, valued at $96,518,400.11. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Deming Xiao sold 859 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $668,637.01. Following the completion of the transaction, the executive vice president now owns 202,354 shares of the company’s stock, valued at $157,510,330.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,136 shares of company stock worth $38,591,228. Corporate insiders own 3.20% of the company’s stock.

About Monolithic Power Systems

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.