Empirical Finance LLC Increases Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Empirical Finance LLC increased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,229 shares of the semiconductor company’s stock after purchasing an additional 52 shares during the period. Empirical Finance LLC’s holdings in Monolithic Power Systems were worth $1,136,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MPWR. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Monolithic Power Systems by 61.0% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,967 shares of the semiconductor company’s stock worth $2,010,000 after acquiring an additional 1,124 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in Monolithic Power Systems by 62.3% in the first quarter. Kingsview Wealth Management LLC now owns 1,683 shares of the semiconductor company’s stock worth $1,140,000 after purchasing an additional 646 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Monolithic Power Systems by 1.0% during the first quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock valued at $3,739,318,000 after buying an additional 55,874 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Monolithic Power Systems by 224.4% in the 1st quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock valued at $1,034,000 after buying an additional 1,057 shares in the last quarter. Finally, Cynosure Group LLC purchased a new position in shares of Monolithic Power Systems in the 1st quarter worth approximately $342,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Raymond James increased their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Stifel Nicolaus increased their price objective on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. Truist Financial reaffirmed a “buy” rating and set a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Loop Capital assumed coverage on Monolithic Power Systems in a research note on Monday, November 11th. They issued a “hold” rating and a $660.00 price target for the company. Finally, Oppenheimer restated an “outperform” rating and set a $900.00 price target on shares of Monolithic Power Systems in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $916.73.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total value of $9,500,000.00. Following the completion of the transaction, the executive vice president now directly owns 29,714 shares of the company’s stock, valued at approximately $28,228,300. The trade was a 25.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Theodore Blegen sold 734 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.15, for a total transaction of $561,620.10. Following the sale, the chief financial officer now directly owns 55,944 shares in the company, valued at $42,805,551.60. The trade was a 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,359 shares of company stock worth $36,209,571 over the last quarter. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems Stock Down 0.6 %

Monolithic Power Systems stock opened at $573.38 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $532.86 and a 52 week high of $959.64. The stock has a 50-day moving average price of $856.47 and a 200 day moving average price of $827.10. The company has a market capitalization 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 released 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. Research analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.87%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 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.