CreativeOne Wealth LLC Has $1.73 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

CreativeOne Wealth LLC raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 265.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,869 shares of the semiconductor company’s stock after purchasing an additional 1,358 shares during the period. CreativeOne Wealth LLC’s holdings in Monolithic Power Systems were worth $1,728,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Blueshift Asset Management LLC acquired a new position in shares of Monolithic Power Systems during the third quarter worth $429,000. Avestar Capital LLC acquired a new position in shares of Monolithic Power Systems during the third quarter worth $244,000. Brooklyn Investment Group acquired a new position in shares of Monolithic Power Systems during the third quarter worth $104,000. D.A. Davidson & CO. increased its holdings in shares of Monolithic Power Systems by 5.1% during the third quarter. D.A. Davidson & CO. now owns 390 shares of the semiconductor company’s stock worth $361,000 after buying an additional 19 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Monolithic Power Systems by 11.4% during the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after buying an additional 361,416 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Down 2.1 %

Shares of NASDAQ MPWR opened at $560.24 on Friday. The firm’s 50-day moving average price is $801.68 and its 200-day moving average price is $818.17. Monolithic Power Systems, Inc. has a 1-year low of $538.00 and a 1-year high of $959.64. The firm has a market capitalization of $27.33 billion, a P/E ratio of 63.16, a P/E/G ratio of 2.67 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 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. Stockholders of record on Monday, September 30th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.89%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Insider Activity

In related news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total value of $2,270,900.00. Following the sale, the chief financial officer now owns 59,178 shares in the company, valued at $53,754,928.08. This represents a 4.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Deming Xiao sold 866 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the sale, the executive vice president now owns 162,239 shares in the company, valued at $124,135,548.46. This represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,100 shares of company stock worth $17,913,521. Company insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

MPWR has been the subject of several research analyst reports. Raymond James upped their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Wells Fargo & Company assumed coverage on shares of Monolithic Power Systems in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 price objective on the stock. Stifel Nicolaus boosted their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, KeyCorp reduced their price objective on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average price target of $840.36.

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.