Fifth Third Wealth Advisors LLC Boosts Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Fifth Third Wealth Advisors LLC boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 19.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 506 shares of the semiconductor company’s stock after purchasing an additional 83 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Monolithic Power Systems were worth $468,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Van ECK Associates Corp raised its stake in shares of Monolithic Power Systems by 26.3% in the third quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock valued at $395,715,000 after buying an additional 93,362 shares during the period. Earnest Partners LLC raised its stake in shares of Monolithic Power Systems by 5.2% in the first quarter. Earnest Partners LLC now owns 290,876 shares of the semiconductor company’s stock valued at $197,045,000 after buying an additional 14,327 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Monolithic Power Systems by 14.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 275,979 shares of the semiconductor company’s stock valued at $226,767,000 after buying an additional 34,557 shares during the period. American Century Companies Inc. raised its stake in shares of Monolithic Power Systems by 0.5% in the second quarter. American Century Companies Inc. now owns 235,508 shares of the semiconductor company’s stock valued at $193,513,000 after buying an additional 1,262 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Monolithic Power Systems by 0.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 191,147 shares of the semiconductor company’s stock valued at $156,276,000 after buying an additional 1,102 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MPWR. TD Cowen lowered 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. KeyCorp lowered their target price on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft boosted 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. Loop Capital upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective on the stock in a research note on Monday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $950.00 price objective on shares of Monolithic Power Systems in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $882.64.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total value of $2,270,900.00. Following the completion of the transaction, the chief financial officer now directly owns 59,178 shares in the company, valued at approximately $53,754,928.08. This represents a 4.05 % decrease in their position. The transaction was disclosed in a document filed 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 dated Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total value of $8,796,050.00. Following 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. In the last three months, insiders sold 29,359 shares of company stock worth $26,709,571. 3.70% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Down 4.4 %

Shares of NASDAQ MPWR opened at $560.06 on Thursday. The firm has a market capitalization of $27.32 billion, a P/E ratio of 63.14, a P/E/G ratio of 2.73 and a beta of 1.15. The stock’s 50-day simple moving average is $846.27 and its two-hundred day simple moving average is $826.59. Monolithic Power Systems, Inc. has a twelve month low of $535.39 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The business had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Monday, September 30th. 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.