Pacer Advisors Inc. Increases Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Pacer Advisors Inc. raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,533 shares of the semiconductor company’s stock after buying an additional 663 shares during the quarter. Pacer Advisors Inc.’s holdings in Monolithic Power Systems were worth $7,889,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. raised its position in shares of Monolithic Power Systems by 6.6% in the 3rd quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock valued at $16,259,000 after purchasing an additional 1,082 shares during the last quarter. EULAV Asset Management raised its holdings in shares of Monolithic Power Systems by 8.6% in the third quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company’s stock worth $100,099,000 after buying an additional 8,600 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Monolithic Power Systems by 29.0% in the third quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock worth $3,741,000 after buying an additional 909 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Monolithic Power Systems by 237.3% during the first quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock worth $4,583,000 after buying an additional 4,760 shares during the period. Finally, Mizuho Securities USA LLC grew its holdings in shares of Monolithic Power Systems by 1,118.2% during the third quarter. Mizuho Securities USA LLC now owns 45,733 shares of the semiconductor company’s stock valued at $42,280,000 after buying an additional 41,979 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Deming Xiao sold 866 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were 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 of the company’s stock, valued at approximately $124,135,548.46. This trade represents a 0.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total value of $2,270,900.00. Following the transaction, the chief financial officer now directly owns 59,178 shares of the company’s stock, valued at $53,754,928.08. The trade was a 4.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,359 shares of company stock worth $26,709,571 in the last quarter. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Performance

MPWR stock opened at $580.81 on Friday. Monolithic Power Systems, Inc. has a one year low of $538.00 and a one year high of $959.64. The firm’s fifty day moving average is $826.30 and its 200 day moving average is $821.87. The firm has a market cap of $28.33 billion, a PE ratio of 65.48, a P/E/G ratio of 2.73 and a beta of 1.15.

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 analysts’ consensus estimates of $3.04 by ($0.05). The business had revenue of $620.12 million for 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%. Research analysts predict that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Needham & Company LLC decreased their target price on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a report on Friday. TD Cowen cut their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Truist Financial reissued a “buy” rating and set a $994.00 price target (up from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Finally, Stifel Nicolaus upped their price objective on shares of 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. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $840.36.

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.