NBC Securities Inc. Has $29,000 Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

NBC Securities Inc. increased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 433.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32 shares of the semiconductor company’s stock after buying an additional 26 shares during the quarter. NBC Securities Inc.’s holdings in Monolithic Power Systems were worth $29,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Riverview Trust Co bought a new position in shares of Monolithic Power Systems during the 1st quarter valued at about $108,000. Wallace Advisory Group LLC boosted its holdings in shares of Monolithic Power Systems by 10.5% in the first quarter. Wallace Advisory Group LLC now owns 527 shares of the semiconductor company’s stock valued at $332,000 after buying an additional 50 shares during the period. Counterpoint Mutual Funds LLC bought a new stake in shares of Monolithic Power Systems during the first quarter worth $269,000. SMI Advisory Services LLC acquired a new stake in shares of Monolithic Power Systems during the first quarter worth $4,160,000. Finally, Corundum Group Inc. bought a new stake in Monolithic Power Systems in the 1st quarter valued at $211,000. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $883.26 on Tuesday. The company’s 50-day moving average is $904.17 and its 200-day moving average is $811.80. The firm has a market capitalization of $43.00 billion, a PE ratio of 105.28, 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 announced its quarterly earnings results 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. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The firm had revenue of $507.40 million for the quarter, compared to the consensus estimate of $490.66 million. During the same quarter in the previous year, the business earned $2.05 earnings per share. The business’s revenue was up 15.0% compared to the same quarter last year. As a group, analysts expect 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 given a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.57%. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.59%.

Analyst Ratings Changes

MPWR has been the topic of several recent research reports. KeyCorp lifted their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Needham & Company LLC lifted 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. TD Cowen raised Monolithic Power Systems to a “strong-buy” rating in a research report on Monday, September 16th. Raymond James lifted their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $959.90.

Insider Buying and Selling at Monolithic Power Systems

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

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.