Fmr LLC Purchases 361,416 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Fmr LLC grew its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,519,376 shares of the semiconductor company’s stock after purchasing an additional 361,416 shares during the period. Fmr LLC owned about 0.07% of Monolithic Power Systems worth $3,253,664,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Family Firm Inc. purchased a new position in shares of Monolithic Power Systems in the second quarter worth $25,000. NBC Securities Inc. increased its holdings in Monolithic Power Systems by 433.3% in the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after buying an additional 26 shares in the last quarter. Wolff Wiese Magana LLC raised its position in Monolithic Power Systems by 3,400.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after buying an additional 34 shares during the last quarter. Atwood & Palmer Inc. bought a new position in Monolithic Power Systems during the 2nd quarter valued at about $33,000. Finally, Crewe Advisors LLC lifted its stake in Monolithic Power Systems by 126.3% during the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares during the period. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on MPWR shares. Loop Capital raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective for the company in a report on Monday, November 18th. KeyCorp decreased their target price on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Stifel Nicolaus increased their price target 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. Oppenheimer reaffirmed an “outperform” rating and issued a $900.00 price objective on shares of Monolithic Power Systems in a report on Monday, November 11th. Finally, Needham & Company LLC lowered their target price on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a report on Friday. Two 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 currently has a consensus rating of “Moderate Buy” and an average target price of $840.36.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00. Following the sale, the chief financial officer now owns 61,678 shares in the company, valued at $55,769,247.60. The trade was a 3.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $929.59, for a total value of $10,225,490.00. Following the transaction, the executive vice president now owns 103,829 shares of the company’s stock, valued at approximately $96,518,400.11. This represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,100 shares of company stock worth $17,913,521 in the last three months. 3.70% of the stock is owned by corporate insiders.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $600.86 on Tuesday. The stock has a market capitalization of $29.31 billion, a price-to-earnings ratio of 67.74, a price-to-earnings-growth ratio of 2.77 and a beta of 1.15. Monolithic Power Systems, Inc. has a 1 year low of $538.00 and a 1 year high of $959.64. The business’s 50 day simple moving average is $820.61 and its 200-day simple moving average is $822.73.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $600.10 million. On average, sell-side analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current 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 given a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.83%. 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.