Crossmark Global Holdings Inc. Purchases 80 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Crossmark Global Holdings Inc. increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,643 shares of the semiconductor company’s stock after purchasing an additional 80 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Monolithic Power Systems were worth $3,368,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MPWR. Family Firm Inc. purchased a new position in Monolithic Power Systems during the 2nd quarter worth $25,000. NBC Securities Inc. lifted its holdings in Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 26 shares during the last quarter. Wolff Wiese Magana LLC lifted its holdings in Monolithic Power Systems by 3,400.0% during the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 34 shares during the last quarter. Atwood & Palmer Inc. purchased a new stake in Monolithic Power Systems during the second quarter valued at about $33,000. Finally, Crewe Advisors LLC lifted its holdings in Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MPWR. Deutsche Bank Aktiengesellschaft upped their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. KeyCorp increased their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. TD Cowen lowered their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Raymond James raised their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Needham & Company LLC cut their price objective on Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $916.73.

Monolithic Power Systems Stock Down 15.0 %

Shares of Monolithic Power Systems stock opened at $647.31 on Tuesday. The stock’s 50-day simple moving average is $881.04 and its 200-day simple moving average is $830.41. Monolithic Power Systems, Inc. has a 52 week low of $500.54 and a 52 week high of $959.64. The company has a market capitalization of $31.58 billion, a price-to-earnings ratio of 72.98, a PEG ratio of 3.62 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 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 during the quarter, compared to analysts’ expectations of $600.10 million. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid 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 yield of 0.77%. Monolithic Power Systems’s payout ratio is currently 56.37%.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the completion of the sale, the chief financial officer now owns 61,678 shares in the company, valued at $55,769,247.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Deming Xiao sold 9,259 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total value of $8,796,050.00. Following the completion of the transaction, the executive vice president now owns 20,455 shares in the company, valued at $19,432,250. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00. Following the completion of the transaction, the chief financial officer now owns 61,678 shares of the company’s stock, valued at $55,769,247.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,759 shares of company stock valued at $34,985,340 over the last ninety days. 3.70% of the stock is owned by insiders.

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.