Graypoint LLC Acquires 29 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Graypoint LLC boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 432 shares of the semiconductor company’s stock after buying an additional 29 shares during the quarter. Graypoint LLC’s holdings in Monolithic Power Systems were worth $256,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its holdings in Monolithic Power Systems by 10.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,509 shares of the semiconductor company’s stock valued at $2,076,000 after buying an additional 329 shares during the last quarter. Nordea Investment Management AB raised its holdings in Monolithic Power Systems by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 4,082 shares of the semiconductor company’s stock valued at $2,465,000 after buying an additional 213 shares during the last quarter. Versant Capital Management Inc raised its holdings in Monolithic Power Systems by 60.3% during the 4th quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company’s stock worth $64,000 after purchasing an additional 41 shares during the last quarter. Tidal Investments LLC raised its holdings in Monolithic Power Systems by 105.7% during the 3rd quarter. Tidal Investments LLC now owns 6,042 shares of the semiconductor company’s stock worth $5,586,000 after purchasing an additional 3,105 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Monolithic Power Systems during the 3rd quarter worth approximately $23,233,000. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $772.96, for a total value of $1,932,400.00. Following the completion of the sale, the chief financial officer now owns 56,678 shares in the company, valued at $43,809,826.88. This represents a 4.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Deming Xiao sold 866 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the sale, the executive vice president now owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,600 shares of company stock worth $4,656,631. 3.70% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Down 4.8 %

Shares of MPWR stock opened at $591.23 on Monday. The firm has a 50 day moving average of $616.04 and a 200-day moving average of $782.22. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64. The company has a market cap of $28.84 billion, a price-to-earnings ratio of 66.66, a price-to-earnings-growth ratio of 2.90 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The business had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. Analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $1.25 per share. The ex-dividend date is Tuesday, December 31st. This represents a $5.00 dividend on an annualized basis and a yield of 0.85%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several analyst reports. Stifel Nicolaus raised their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Needham & Company LLC lowered their price target on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Oppenheimer restated an “outperform” rating and set a $900.00 price target on shares of Monolithic Power Systems in a report on Monday, November 11th. KeyCorp lowered their price target on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Finally, Loop Capital upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price target for the company in a report on Monday, November 18th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $828.67.

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.