Harfst & Associates Inc. Buys 426 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Harfst & Associates Inc. boosted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 17.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,809 shares of the semiconductor company’s stock after acquiring an additional 426 shares during the period. Harfst & Associates Inc.’s holdings in Monolithic Power Systems were worth $2,597,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPWR. Dynamic Advisor Solutions LLC grew its stake in shares of Monolithic Power Systems by 3.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after acquiring an additional 12 shares during the period. Evergreen Capital Management LLC boosted its position in Monolithic Power Systems by 1.4% during the second quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock worth $731,000 after purchasing an additional 12 shares during the period. Valeo Financial Advisors LLC increased its stake in shares of Monolithic Power Systems by 2.8% in the second quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock worth $458,000 after purchasing an additional 15 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Monolithic Power Systems by 4.7% in the second quarter. EverSource Wealth Advisors LLC now owns 332 shares of the semiconductor company’s stock valued at $287,000 after purchasing an additional 15 shares during the period. Finally, American National Bank & Trust lifted its stake in shares of Monolithic Power Systems by 1.8% during the 3rd quarter. American National Bank & Trust now owns 829 shares of the semiconductor company’s stock valued at $766,000 after buying an additional 15 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, CFO Theodore Blegen sold 728 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 $566,667.92. Following the transaction, the chief financial officer now owns 64,178 shares in the company, valued at approximately $49,955,513.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Deming Xiao sold 859 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $668,637.01. Following the sale, the executive vice president now owns 202,354 shares in the company, valued at approximately $157,510,330.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 728 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $566,667.92. Following the completion of the transaction, the chief financial officer now owns 64,178 shares of the company’s stock, valued at approximately $49,955,513.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 57,535 shares of company stock worth $51,396,728 over the last three months. Company insiders own 3.20% of the company’s stock.

Monolithic Power Systems Stock Down 0.2 %

Shares of NASDAQ:MPWR traded down $1.84 during midday trading on Friday, hitting $916.29. 260,734 shares of the stock traded hands, compared to its average volume of 528,347. The business’s 50 day moving average is $902.98 and its two-hundred day moving average is $807.88. The stock has a market capitalization of $44.60 billion, a PE ratio of 109.21, a P/E/G ratio of 4.33 and a beta of 1.11. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The company had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. During the same quarter last year, the firm posted $2.05 earnings per share. The firm’s revenue was up 15.0% on a year-over-year basis. As a group, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s payout ratio is currently 59.59%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MPWR shares. Truist Financial reiterated a “buy” rating and issued a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Rosenblatt Securities lifted their target price on Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a report on Monday, July 29th. TD Cowen raised shares of Monolithic Power Systems to a “strong-buy” rating in a report on Monday, September 16th. Finally, Stifel Nicolaus boosted 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 note on Friday, September 27th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $959.90.

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.