Lifeworks Advisors LLC Takes $469,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Lifeworks Advisors LLC acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the third quarter, HoldingsChannel reports. The fund acquired 507 shares of the semiconductor company’s stock, valued at approximately $469,000.

A number of other large investors have also recently made changes to their positions in MPWR. Family Firm Inc. bought a new stake in Monolithic Power Systems during the 2nd quarter valued at approximately $25,000. NBC Securities Inc. raised its stake in Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC raised its stake in Monolithic Power Systems by 3,400.0% during the 3rd 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 period. Ashton Thomas Securities LLC bought a new stake in Monolithic Power Systems during the 3rd quarter valued at approximately $36,000. Finally, Atwood & Palmer Inc. bought a new stake in Monolithic Power Systems during the 2nd quarter valued at approximately $33,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $576.79 on Friday. The company has a market cap of $28.14 billion, a P/E ratio of 65.03, a P/E/G ratio of 2.86 and a beta of 1.15. The business’s 50 day moving average price is $866.42 and its 200-day moving average price is $828.49. Monolithic Power Systems, Inc. has a fifty-two week low of $532.86 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) 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 business had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s payout ratio is currently 56.37%.

Analyst Upgrades and Downgrades

MPWR has been the topic of several recent analyst reports. TD Cowen decreased 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 note on Thursday, October 31st. Loop Capital assumed coverage on Monolithic Power Systems in a research note on Monday. They issued a “hold” rating and a $660.00 price objective on the stock. Raymond James lifted their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $950.00 price objective on shares of Monolithic Power Systems in a research note on Tuesday. Finally, Rosenblatt Securities downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average price target of $916.73.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 734 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.15, for a total value of $561,620.10. Following the completion of the sale, the chief financial officer now directly owns 55,944 shares in the company, valued at approximately $42,805,551.60. This represents a 1.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Deming Xiao sold 9,259 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total value of $8,796,050.00. Following the completion of the sale, the executive vice president now owns 20,455 shares of the company’s stock, valued at $19,432,250. This represents a 31.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,359 shares of company stock worth $36,209,571 in the last quarter. 3.70% of the stock is owned by company insiders.

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.