Raymond James Trust N.A. Has $1.66 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Raymond James Trust N.A. increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 10.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,792 shares of the semiconductor company’s stock after purchasing an additional 171 shares during the quarter. Raymond James Trust N.A.’s holdings in Monolithic Power Systems were worth $1,657,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MPWR. Van ECK Associates Corp lifted its holdings in Monolithic Power Systems by 26.3% during the 3rd quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock worth $395,715,000 after buying an additional 93,362 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Monolithic Power Systems by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 314,264 shares of the semiconductor company’s stock valued at $290,537,000 after acquiring an additional 5,645 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Monolithic Power Systems by 14.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 275,979 shares of the semiconductor company’s stock valued at $226,767,000 after acquiring an additional 34,557 shares during the last quarter. American Century Companies Inc. boosted its holdings in Monolithic Power Systems by 0.5% in the second quarter. American Century Companies Inc. now owns 235,508 shares of the semiconductor company’s stock valued at $193,513,000 after acquiring an additional 1,262 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in Monolithic Power Systems by 0.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 191,147 shares of the semiconductor company’s stock worth $156,276,000 after purchasing an additional 1,102 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Truist Financial reaffirmed a “buy” rating and issued a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Needham & Company LLC cut their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a report on Friday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Oppenheimer reissued an “outperform” rating and issued a $900.00 price target on shares of Monolithic Power Systems in a research note on Monday, November 11th. Finally, Raymond James raised their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $840.36.

Insider Transactions at Monolithic Power Systems

In other news, EVP Deming Xiao sold 9,259 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the completion of the transaction, the executive vice president now directly owns 20,455 shares of the company’s stock, valued at $19,432,250. This represents a 31.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Theodore Blegen sold 734 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.15, for a total value of $561,620.10. Following the transaction, the chief financial officer now owns 55,944 shares of the company’s stock, valued at approximately $42,805,551.60. The trade was a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,359 shares of company stock valued at $26,709,571 over the last quarter. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Up 1.5 %

MPWR opened at $580.81 on Friday. The stock has a market cap of $28.33 billion, a P/E ratio of 65.48, a P/E/G ratio of 2.73 and a beta of 1.15. Monolithic Power Systems, Inc. has a 12 month low of $538.00 and a 12 month high of $959.64. The company has a fifty day simple moving average of $826.30 and a 200 day simple moving average of $821.87.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (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 business had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

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.