Bleakley Financial Group LLC Acquires 135 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Bleakley Financial Group LLC raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 12.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,263 shares of the semiconductor company’s stock after acquiring an additional 135 shares during the period. Bleakley Financial Group LLC’s holdings in Monolithic Power Systems were worth $1,168,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in Monolithic Power Systems by 95.1% in the first quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock worth $206,712,000 after acquiring an additional 148,771 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Monolithic Power Systems by 311.8% in the second quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock worth $153,319,000 after acquiring an additional 141,277 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Monolithic Power Systems by 1,947.1% in the second quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock worth $117,826,000 after acquiring an additional 136,391 shares in the last quarter. SG Americas Securities LLC grew its position in Monolithic Power Systems by 952.2% in the first quarter. SG Americas Securities LLC now owns 93,101 shares of the semiconductor company’s stock worth $63,068,000 after acquiring an additional 84,253 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Monolithic Power Systems by 30.1% in the first quarter. Van ECK Associates Corp now owns 321,174 shares of the semiconductor company’s stock worth $217,569,000 after acquiring an additional 74,287 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Michael Hsing sold 2,790 shares of Monolithic Power Systems stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $2,171,708.10. Following the completion of the transaction, the chief executive officer now directly owns 865,332 shares of the company’s stock, valued at approximately $673,565,775.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Monolithic Power Systems news, CEO Michael Hsing sold 2,790 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $2,171,708.10. Following the sale, the chief executive officer now directly owns 865,332 shares in the company, valued at approximately $673,565,775.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $852.51, for a total transaction of $2,131,275.00. Following the completion of the transaction, the chief financial officer now directly owns 64,906 shares in the company, valued at $55,333,014.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,136 shares of company stock valued at $38,591,228 in the last ninety days. Corporate insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MPWR. Needham & Company LLC boosted their target price on 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. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Raymond James boosted their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Rosenblatt Securities boosted their price objective 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. Finally, Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $959.90.

Monolithic Power Systems Trading Down 0.2 %

Shares of MPWR opened at $916.29 on Monday. The firm’s 50-day moving average is $902.98 and its two-hundred day moving average is $810.11. The firm has a market capitalization of $44.60 billion, a P/E ratio of 109.21, a PEG ratio of 4.33 and a beta of 1.11. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.07 by $0.10. The business 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 company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.05 earnings per share. Analysts predict that Monolithic Power Systems, Inc. will post 10.41 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

Monolithic Power Systems Company 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.