Alpha Family Trust Makes New $217,000 Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Alpha Family Trust bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 235 shares of the semiconductor company’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Atlanta Consulting Group Advisors LLC purchased a new stake in Monolithic Power Systems in the 3rd quarter worth approximately $297,000. Sather Financial Group Inc purchased a new stake in Monolithic Power Systems in the 3rd quarter worth approximately $688,000. Paragon Advisors LLC lifted its stake in Monolithic Power Systems by 4.6% in the 3rd quarter. Paragon Advisors LLC now owns 2,131 shares of the semiconductor company’s stock worth $1,970,000 after purchasing an additional 94 shares in the last quarter. Mizuho Securities USA LLC lifted its stake in Monolithic Power Systems by 1,118.2% in the 3rd quarter. Mizuho Securities USA LLC now owns 45,733 shares of the semiconductor company’s stock worth $42,280,000 after purchasing an additional 41,979 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Monolithic Power Systems by 29.0% during the 3rd quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock valued at $3,741,000 after buying an additional 909 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Deming Xiao sold 9,259 shares of the firm’s stock in a transaction on 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 trade represents a 31.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Theodore Blegen sold 734 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.15, for a total transaction of $561,620.10. Following the completion of the sale, the chief financial officer now directly owns 55,944 shares of the company’s stock, valued at approximately $42,805,551.60. This represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,359 shares of company stock valued at $36,209,571 in the last quarter. Insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MPWR. Truist Financial restated 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 raised their price objective on shares of 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. Raymond James raised their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. KeyCorp raised their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Oppenheimer restated an “outperform” rating and set a $900.00 price objective on shares of Monolithic Power Systems in a research report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $916.73.

Monolithic Power Systems Stock Performance

MPWR stock opened at $573.38 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $532.86 and a 52 week high of $959.64. The firm’s fifty day moving average is $856.47 and its 200 day moving average is $827.10. The firm has a market cap of $27.97 billion, a P/E ratio of 64.64, a P/E/G ratio of 2.73 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results 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 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 the consensus estimate of $600.10 million. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $1.25 dividend. 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 dividend payout ratio (DPR) is presently 56.37%.

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.