Redhawk Wealth Advisors Inc. Grows Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Redhawk Wealth Advisors Inc. raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,547 shares of the semiconductor company’s stock after buying an additional 69 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Monolithic Power Systems were worth $2,099,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC increased its stake in shares of Monolithic Power Systems by 28.5% during the second quarter. Private Advisor Group LLC now owns 803 shares of the semiconductor company’s stock worth $660,000 after acquiring an additional 178 shares during the period. WINTON GROUP Ltd acquired a new position in Monolithic Power Systems during the 2nd quarter worth approximately $633,000. Dimensional Fund Advisors LP increased its position in Monolithic Power Systems by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 151,406 shares of the semiconductor company’s stock worth $124,405,000 after purchasing an additional 2,599 shares during the period. E Fund Management Co. Ltd. raised its stake in shares of Monolithic Power Systems by 41.9% during the 2nd quarter. E Fund Management Co. Ltd. now owns 562 shares of the semiconductor company’s stock worth $462,000 after buying an additional 166 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co lifted its holdings in shares of Monolithic Power Systems by 53.3% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 1,380 shares of the semiconductor company’s stock valued at $1,134,000 after buying an additional 480 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MPWR shares. Truist Financial reaffirmed a “buy” rating and set a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Oppenheimer reiterated an “outperform” rating and issued a $900.00 price objective on shares of Monolithic Power Systems in a research note on Monday, November 11th. 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 report on Friday, September 27th. Needham & Company LLC dropped their target price on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Finally, Rosenblatt Securities lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $828.67.

Monolithic Power Systems Stock Up 2.1 %

NASDAQ MPWR opened at $602.41 on Thursday. Monolithic Power Systems, Inc. has a fifty-two week low of $546.71 and a fifty-two week high of $959.64. The business has a fifty day moving average of $605.34 and a 200-day moving average of $777.78. The stock has a market cap of $29.39 billion, a price-to-earnings ratio of 67.92, a price-to-earnings-growth ratio of 2.26 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share 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 firm had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $1.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $5.00 dividend on an annualized basis and a yield of 0.83%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 56.37%.

Insiders Place Their Bets

In other news, EVP Deming Xiao sold 866 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the transaction, the executive vice president now directly owns 162,239 shares in the company, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the sale, the chief financial officer now owns 53,444 shares of the company’s stock, valued at $32,066,400. The trade was a 4.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,600 shares of company stock valued at $4,656,631. Company insiders own 3.70% of the company’s stock.

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.