Confluence Wealth Services Inc. Acquires 63 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Confluence Wealth Services Inc. increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,510 shares of the semiconductor company’s stock after buying an additional 63 shares during the period. Confluence Wealth Services Inc.’s holdings in Monolithic Power Systems were worth $1,395,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its stake in shares of Monolithic Power Systems by 7.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,681 shares of the semiconductor company’s stock worth $1,816,000 after acquiring an additional 187 shares in the last quarter. Retirement Systems of Alabama grew its holdings in shares of Monolithic Power Systems by 0.4% during the first quarter. Retirement Systems of Alabama now owns 10,599 shares of the semiconductor company’s stock valued at $7,180,000 after buying an additional 39 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Monolithic Power Systems by 9.8% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,305 shares of the semiconductor company’s stock valued at $884,000 after purchasing an additional 117 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of Monolithic Power Systems in the first quarter worth $98,000. Finally, Nordea Investment Management AB lifted its holdings in shares of Monolithic Power Systems by 25.8% in the 1st quarter. Nordea Investment Management AB now owns 3,759 shares of the semiconductor company’s stock valued at $2,566,000 after buying an additional 771 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 0.0 %

MPWR stock opened at $759.37 on Friday. The stock has a market cap of $37.02 billion, a P/E ratio of 85.61, a PEG ratio of 3.51 and a beta of 1.15. Monolithic Power Systems, Inc. has a twelve month low of $459.69 and a twelve month high of $959.64. The company’s 50 day moving average is $897.06 and its two-hundred day moving average is $823.57.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly 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). 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%. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Insiders Place Their Bets

In other news, CEO Michael Hsing sold 2,790 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $2,171,708.10. Following the completion of the sale, the chief executive officer now owns 865,332 shares in the company, valued at $673,565,775.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Monolithic Power Systems news, EVP Deming Xiao sold 859 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $668,637.01. Following the transaction, the executive vice president now directly owns 202,354 shares in the company, valued at approximately $157,510,330.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Hsing sold 2,790 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $2,171,708.10. Following the completion of the sale, the chief executive officer now owns 865,332 shares in the company, valued at approximately $673,565,775.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,636 shares of company stock valued at $36,459,953. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

MPWR has been the subject of a number of recent analyst reports. TD Cowen cut their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a report on Thursday. Raymond James upped their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Truist Financial reiterated a “buy” rating and set a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. KeyCorp boosted their price objective on 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, Rosenblatt Securities lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus target price of $942.40.

Monolithic Power Systems Company 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.