Metis Global Partners LLC Increases Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Metis Global Partners LLC lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,138 shares of the semiconductor company’s stock after buying an additional 88 shares during the quarter. Metis Global Partners LLC’s holdings in Monolithic Power Systems were worth $1,977,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Family Firm Inc. purchased a new stake in Monolithic Power Systems in the second quarter valued at approximately $25,000. NBC Securities Inc. grew its holdings in shares of Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 26 shares during the last quarter. Wolff Wiese Magana LLC boosted its holdings in Monolithic Power Systems by 3,400.0% in the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 34 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Monolithic Power Systems in the third quarter valued at $36,000. Finally, Atwood & Palmer Inc. bought a new stake in Monolithic Power Systems in the second quarter valued at $33,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on MPWR shares. Loop Capital started coverage on Monolithic Power Systems in a research report on Monday, November 11th. They set a “hold” rating and a $660.00 price objective for the company. Stifel Nicolaus raised their price objective on 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 Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. TD Cowen lowered their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Oppenheimer reissued 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 equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus price target of $916.73.

Insider Buying and Selling at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 61,678 shares in the company, valued at approximately $55,769,247.60. The trade was a 3.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $929.59, for a total value of $10,225,490.00. Following the transaction, the executive vice president now owns 103,829 shares of the company’s stock, valued at approximately $96,518,400.11. This trade represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,359 shares of company stock worth $36,209,571 in the last three months. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $573.38 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $532.86 and a fifty-two week high of $959.64. The business has a 50-day simple moving average of $856.47 and a two-hundred day simple moving average of $826.00. The firm has a market cap of $27.97 billion, a price-to-earnings ratio of 64.64, a price-to-earnings-growth ratio of 2.86 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The business had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared 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 was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.87%. Monolithic Power Systems’s dividend payout ratio is currently 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.