RPg Family Wealth Advisory LLC Raises Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

RPg Family Wealth Advisory LLC lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,345 shares of the semiconductor company’s stock after acquiring an additional 172 shares during the quarter. RPg Family Wealth Advisory LLC’s holdings in Monolithic Power Systems were worth $3,097,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Family Firm Inc. bought a new stake in Monolithic Power Systems in the 2nd quarter worth approximately $25,000. NBC Securities Inc. grew its holdings in shares of Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 26 shares in the last quarter. Wolff Wiese Magana LLC increased its position in 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 last quarter. Atwood & Palmer Inc. purchased a new stake in Monolithic Power Systems during the second quarter valued at $33,000. Finally, Crewe Advisors LLC lifted its position in Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MPWR has been the topic of several recent research reports. Raymond James upped their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Rosenblatt Securities downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft raised their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. 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. Finally, Needham & Company LLC dropped their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus target price of $840.36.

Insider Activity at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 734 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.15, for a total transaction of $561,620.10. Following the transaction, the chief financial officer now directly owns 55,944 shares of the company’s stock, valued at $42,805,551.60. This represents a 1.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $929.59, for a total value of $10,225,490.00. Following the completion of the sale, the executive vice president now directly owns 103,829 shares of the company’s stock, valued at approximately $96,518,400.11. This represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,100 shares of company stock valued at $17,913,521 over the last 90 days. Insiders own 3.70% of the company’s stock.

Monolithic Power Systems Trading Down 4.8 %

MPWR opened at $572.08 on Wednesday. The company has a market capitalization of $27.91 billion, a price-to-earnings ratio of 64.50, a PEG ratio of 2.86 and a beta of 1.15. Monolithic Power Systems, Inc. has a 12-month low of $538.00 and a 12-month high of $959.64. The business’s fifty day simple moving average is $814.71 and its 200-day simple moving average is $821.81.

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

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.87%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

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.