Empowered Funds LLC Increases Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Empowered Funds LLC boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 29.0% during the third quarter, Holdings Channel.com reports. The firm owned 4,047 shares of the semiconductor company’s stock after buying an additional 909 shares during the quarter. Empowered Funds LLC’s holdings in Monolithic Power Systems were worth $3,741,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MPWR. Family Firm Inc. purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at approximately $25,000. NBC Securities Inc. raised its position in Monolithic Power Systems by 433.3% in the third 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 lifted its stake in shares of Monolithic Power Systems by 3,400.0% in 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 last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Monolithic Power Systems during the 3rd quarter worth $36,000. Finally, Atwood & Palmer Inc. acquired a new stake in shares of Monolithic Power Systems during the 2nd quarter worth about $33,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Up 2.5 %

NASDAQ:MPWR opened at $587.84 on Tuesday. Monolithic Power Systems, Inc. has a 12-month low of $535.39 and a 12-month high of $959.64. The firm has a market cap of $28.67 billion, a PE ratio of 66.27, a price-to-earnings-growth ratio of 2.73 and a beta of 1.15. The stock has a fifty day moving average price of $856.47 and a 200 day moving average price of $828.33.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The company had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. Equities analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.37%.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the completion of the sale, the executive vice president now owns 103,829 shares in the company, valued at approximately $96,518,400.11. The trade was a 9.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deming Xiao sold 9,259 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the completion of the transaction, the executive vice president now directly owns 20,455 shares in the company, valued at $19,432,250. This trade represents a 31.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,359 shares of company stock valued at $36,209,571. 3.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MPWR. Loop Capital raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 target price on the stock in a research report on Monday. Truist Financial reaffirmed a “buy” rating and set a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Stifel Nicolaus boosted their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus price target of $882.64.

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.