Global Retirement Partners LLC Increases Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Global Retirement Partners LLC boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 607 shares of the semiconductor company’s stock after acquiring an additional 16 shares during the quarter. Global Retirement Partners LLC’s holdings in Monolithic Power Systems were worth $561,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Carderock Capital Management Inc. grew its position in shares of Monolithic Power Systems by 4.7% in the third quarter. Carderock Capital Management Inc. now owns 10,022 shares of the semiconductor company’s stock valued at $9,265,000 after purchasing an additional 453 shares in the last quarter. Wolff Wiese Magana LLC grew its position in shares of Monolithic Power Systems by 3,400.0% during the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after buying an additional 34 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC purchased a new stake in Monolithic Power Systems in the third quarter valued at approximately $201,000. Swedbank AB lifted its stake in Monolithic Power Systems by 49.4% in the third quarter. Swedbank AB now owns 10,400 shares of the semiconductor company’s stock valued at $9,615,000 after buying an additional 3,439 shares during the last quarter. Finally, NBC Securities Inc. grew its holdings in Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 26 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MPWR. Deutsche Bank Aktiengesellschaft raised 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. Truist Financial reissued a “buy” rating and issued a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Rosenblatt Securities upped their price target on Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Raymond James upped their target price 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, Needham & Company LLC increased their target price on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $959.90.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $916.29 on Monday. The company has a fifty day moving average of $902.98 and a two-hundred day moving average of $810.11. The stock has a market capitalization of $44.60 billion, a PE ratio of 109.21, a P/E/G ratio of 4.33 and a beta of 1.11. Monolithic Power Systems, Inc. has a fifty-two week low of $392.10 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, topping 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 net margin of 21.70% and a return on equity of 20.24%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the company earned $2.05 earnings per share. Research analysts forecast that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

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

Insider Activity at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated 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 owns 64,906 shares of the company’s stock, valued at $55,333,014.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $852.51, for a total value of $2,131,275.00. Following the completion of the sale, the chief financial officer now directly owns 64,906 shares in the company, valued at approximately $55,333,014.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Deming Xiao sold 859 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $668,637.01. Following the sale, the executive vice president now owns 202,354 shares in the company, valued at approximately $157,510,330.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,136 shares of company stock valued at $38,591,228. Corporate insiders own 3.20% of the company’s stock.

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.