Brooklyn Investment Group Buys Shares of 113 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Brooklyn Investment Group purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 113 shares of the semiconductor company’s stock, valued at approximately $104,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Lazard Asset Management LLC boosted its stake in shares of Monolithic Power Systems by 21,460.0% during the 1st quarter. Lazard Asset Management LLC now owns 1,078 shares of the semiconductor company’s stock worth $730,000 after purchasing an additional 1,073 shares during the last quarter. SVB Wealth LLC purchased a new stake in Monolithic Power Systems in the 1st quarter worth approximately $211,000. Silvercrest Asset Management Group LLC raised its holdings in Monolithic Power Systems by 34.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,973 shares of the semiconductor company’s stock valued at $1,337,000 after acquiring an additional 501 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Monolithic Power Systems by 80.0% during the 1st quarter. Tidal Investments LLC now owns 3,847 shares of the semiconductor company’s stock worth $2,606,000 after purchasing an additional 1,710 shares during the period. Finally, Comerica Bank boosted its holdings in shares of Monolithic Power Systems by 1.5% during the first quarter. Comerica Bank now owns 11,013 shares of the semiconductor company’s stock worth $7,460,000 after purchasing an additional 163 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Down 2.1 %

NASDAQ MPWR opened at $560.24 on Thursday. Monolithic Power Systems, Inc. has a fifty-two week low of $538.00 and a fifty-two week high of $959.64. The business has a 50 day moving average price of $808.70 and a two-hundred day moving average price of $819.98. The stock has a market cap of $27.33 billion, a PE ratio of 63.16, a P/E/G ratio of 2.86 and a beta of 1.15.

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

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid 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 0.89%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 11,000 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $929.59, for a total value of $10,225,490.00. Following the sale, the executive vice president now owns 103,829 shares in the company, valued at approximately $96,518,400.11. This represents a 9.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total value of $2,260,500.00. Following the completion of the sale, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. This represents a 3.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,100 shares of company stock worth $17,913,521 in the last three months. 3.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MPWR shares. TD Cowen reduced their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company started coverage on shares of Monolithic Power Systems in a research report on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 target price on the stock. Loop Capital raised 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 research report on Monday, November 18th. Rosenblatt Securities lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, 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 report on Friday, August 2nd. Two 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, the stock has an average rating of “Moderate Buy” and an average price target of $840.36.

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.