Wealth Enhancement Advisory Services LLC Buys 329 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Wealth Enhancement Advisory Services LLC increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,509 shares of the semiconductor company’s stock after buying an additional 329 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Monolithic Power Systems were worth $2,076,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. NBC Securities Inc. grew its holdings in Monolithic Power Systems by 433.3% during the 3rd 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 last quarter. Wolff Wiese Magana LLC grew its stake 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 valued at $32,000 after purchasing an additional 34 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Monolithic Power Systems in the third quarter valued at approximately $36,000. Rakuten Securities Inc. raised its position in Monolithic Power Systems by 410.0% in the 3rd quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 41 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Monolithic Power Systems during the 3rd quarter worth $65,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MPWR shares. Truist Financial restated a “buy” rating and set a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. TD Cowen reduced their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC dropped their price target 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. Finally, Loop Capital upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective on the stock in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $828.67.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Deming Xiao sold 866 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the transaction, the executive vice president now directly owns 162,239 shares of the company’s stock, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the completion of the sale, the chief financial officer now owns 56,678 shares in the company, valued at $43,809,826.88. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,600 shares of company stock valued at $4,656,631. 3.70% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Performance

MPWR opened at $589.86 on Wednesday. The firm’s fifty day moving average is $609.00 and its two-hundred day moving average is $779.01. The firm has a market cap of $28.77 billion, a PE ratio of 66.50, a price-to-earnings-growth ratio of 2.90 and a beta of 1.03. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 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 analyst estimates of $600.10 million. Equities analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Tuesday, December 31st. Monolithic Power Systems’s payout ratio is currently 56.37%.

About Monolithic Power Systems

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.