264 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Acquired by Avestar Capital LLC

Avestar Capital LLC purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 264 shares of the semiconductor company’s stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC raised its position in Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after purchasing an additional 361,416 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Monolithic Power Systems by 311.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock valued at $153,319,000 after purchasing an additional 141,277 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Monolithic Power Systems by 1,947.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock valued at $117,826,000 after purchasing an additional 136,391 shares in the last quarter. International Assets Investment Management LLC raised its position in Monolithic Power Systems by 92,842.9% during the 3rd quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock valued at $114,281,000 after purchasing an additional 123,481 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of Monolithic Power Systems by 14,315.6% in the 3rd quarter. Jennison Associates LLC now owns 101,918 shares of the semiconductor company’s stock worth $94,223,000 after acquiring an additional 101,211 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the completion of the sale, the executive vice president now owns 103,829 shares of the company’s stock, valued at $96,518,400.11. This trade represents a 9.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total value of $2,270,900.00. Following the sale, the chief financial officer now directly owns 59,178 shares of the company’s stock, valued at approximately $53,754,928.08. This trade represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,100 shares of company stock valued at $17,913,521. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $560.24 on Thursday. The company has a market cap of $27.33 billion, a PE ratio of 63.16, a price-to-earnings-growth ratio of 2.86 and a beta of 1.15. The stock’s 50 day simple moving average is $808.70 and its 200-day simple moving average is $819.98. Monolithic Power Systems, Inc. has a 1-year low of $538.00 and a 1-year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results 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 company had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. On average, equities 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 declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors 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 0.89%. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

Wall Street Analyst Weigh In

MPWR has been the subject of a number of analyst reports. KeyCorp decreased their price objective on 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. Deutsche Bank Aktiengesellschaft upped their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. 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 research note on Friday, November 22nd. Oppenheimer reiterated an “outperform” rating and set a $900.00 price target on shares of Monolithic Power Systems in a research report on Monday, November 11th. Finally, Stifel Nicolaus increased their price target on 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. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $840.36.

Monolithic Power Systems Company 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.