Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Cinctive Capital Management LP

Cinctive Capital Management LP boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 25.2% in the third quarter, HoldingsChannel reports. The firm owned 1,497 shares of the semiconductor company’s stock after purchasing an additional 301 shares during the period. Cinctive Capital Management LP’s holdings in Monolithic Power Systems were worth $1,384,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC boosted 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 valued at $268,000 after buying an additional 12 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in Monolithic Power Systems by 1.4% in the second quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock valued at $731,000 after acquiring an additional 12 shares in the last quarter. Outlook Wealth Advisors LLC boosted its stake in Monolithic Power Systems by 2.5% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock valued at $461,000 after acquiring an additional 12 shares during the last quarter. Greenleaf Trust grew its holdings in Monolithic Power Systems by 1.5% during the 3rd quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock worth $905,000 after acquiring an additional 14 shares in the last quarter. Finally, Aptus Capital Advisors LLC increased its position in shares of Monolithic Power Systems by 4.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock worth $285,000 after purchasing an additional 14 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $582.85 on Wednesday. The firm has a fifty day moving average of $782.39 and a 200-day moving average of $816.42. The company has a market cap of $28.43 billion, a price-to-earnings ratio of 65.71, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. Monolithic Power Systems, Inc. has a 1 year low of $545.92 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its 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). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The firm had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. Analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently announced 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. This represents a $5.00 annualized dividend and a yield of 0.86%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s payout ratio is currently 56.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Needham & Company LLC reduced their price target on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Loop Capital upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 target price for the company in a research report on Monday, November 18th. TD Cowen lowered their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Rosenblatt Securities downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Oppenheimer reissued an “outperform” rating and set a $900.00 target price on shares of Monolithic Power Systems in a report on Monday, November 11th. 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, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $840.36.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the sale, the chief financial officer now directly owns 59,178 shares in the company, valued at approximately $53,754,928.08. The trade was a 4.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deming Xiao sold 866 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the transaction, the executive vice president now owns 162,239 shares in the company, valued at $124,135,548.46. This represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,600 shares of company stock worth $15,653,021. 3.70% of the stock is owned by company insiders.

About Monolithic Power Systems

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.