Forsta AP Fonden Boosts Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Forsta AP Fonden lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 14.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,200 shares of the semiconductor company’s stock after buying an additional 1,300 shares during the quarter. Forsta AP Fonden’s holdings in Monolithic Power Systems were worth $9,430,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Family Firm Inc. purchased a new stake in shares of Monolithic Power Systems during the second quarter worth $25,000. NBC Securities Inc. raised its stake 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 valued at $29,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC lifted its holdings in Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 34 shares in the last quarter. RiverPark Advisors LLC bought a new position in Monolithic Power Systems in the 1st quarter worth about $27,000. Finally, Atwood & Palmer Inc. purchased a new position in Monolithic Power Systems during the 2nd quarter valued at about $33,000. 93.46% of the stock is owned by institutional investors.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 10,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total value of $9,500,000.00. Following the completion of the sale, the executive vice president now directly owns 29,714 shares of the company’s stock, valued at $28,228,300. The trade was 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 Monolithic Power Systems news, EVP Deming Xiao sold 10,000 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total value of $9,500,000.00. Following the transaction, the executive vice president now directly owns 29,714 shares of the company’s stock, valued at $28,228,300. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $852.51, for a total value of $2,131,275.00. Following the sale, the chief financial officer now directly owns 64,906 shares of the company’s stock, valued at approximately $55,333,014.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,136 shares of company stock valued at $38,591,228. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Truist Financial reissued a “buy” rating and issued a $994.00 price target (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. TD Cowen upgraded shares of Monolithic Power Systems to a “strong-buy” rating in a research note on Monday, September 16th. Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Raymond James increased their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, KeyCorp boosted their target price on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $959.90.

Monolithic Power Systems Stock Up 0.1 %

NASDAQ MPWR opened at $901.29 on Monday. The stock’s 50-day simple moving average is $904.09 and its two-hundred day simple moving average is $817.98. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $959.64. The company has a market capitalization of $43.94 billion, a price-to-earnings ratio of 107.30, a PEG ratio of 4.06 and a beta of 1.11.

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

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.55%. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.52%.

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.