Charles Schwab Investment Management Inc. Purchases 5,645 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Charles Schwab Investment Management Inc. boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 314,264 shares of the semiconductor company’s stock after buying an additional 5,645 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Monolithic Power Systems were worth $290,537,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MPWR. Family Firm Inc. acquired a new position in shares of Monolithic Power Systems during the 2nd quarter worth about $25,000. NBC Securities Inc. raised its stake in Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after buying an additional 26 shares during the period. 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 worth $32,000 after acquiring an additional 34 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Monolithic Power Systems in the third quarter worth about $36,000. Finally, Atwood & Palmer Inc. acquired a new stake in shares of Monolithic Power Systems during the second quarter worth about $33,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Up 1.5 %

NASDAQ MPWR opened at $580.81 on Friday. Monolithic Power Systems, Inc. has a 12 month low of $538.00 and a 12 month high of $959.64. The stock has a 50 day moving average of $832.97 and a 200-day moving average of $822.93. The company has a market cap of $28.33 billion, a PE ratio of 65.48, a PEG ratio of 2.73 and a beta of 1.15.

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 analysts’ consensus estimates of $3.04 by ($0.05). The firm had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. As a group, sell-side analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 annualized dividend and a dividend yield of 0.86%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Insider Buying and Selling

In related news, EVP Deming Xiao sold 9,259 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 20,455 shares in the company, valued at approximately $19,432,250. This represents a 31.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the sale, the executive vice president now owns 103,829 shares of the company’s stock, valued at $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. In the last three months, insiders have sold 29,359 shares of company stock valued at $26,709,571. 3.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Oppenheimer reissued an “outperform” rating and set a $900.00 target price on shares of Monolithic Power Systems in a research note on Monday, November 11th. Rosenblatt Securities cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft lifted their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company started coverage on Monolithic Power Systems in a report on Friday. They set an “equal weight” rating and a $610.00 price objective for the company. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $840.36.

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.