Blueshift Asset Management LLC Invests $429,000 in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Blueshift Asset Management LLC purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 464 shares of the semiconductor company’s stock, valued at approximately $429,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC increased its stake in Monolithic Power Systems by 3.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after purchasing an additional 12 shares during the period. Evergreen Capital Management LLC increased its stake in Monolithic Power Systems by 1.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock worth $731,000 after buying an additional 12 shares during the period. Outlook Wealth Advisors LLC increased its stake in Monolithic Power Systems by 2.5% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock worth $461,000 after buying an additional 12 shares during the period. Greenleaf Trust lifted its holdings in Monolithic Power Systems by 1.5% during the 3rd quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock worth $905,000 after buying an additional 14 shares in the last quarter. Finally, Aptus Capital Advisors LLC boosted its position in Monolithic Power Systems by 4.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock valued at $285,000 after buying an additional 14 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Theodore Blegen sold 734 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.15, for a total transaction of $561,620.10. Following the completion of the sale, the chief financial officer now owns 55,944 shares in the company, valued at approximately $42,805,551.60. This represents a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction dated 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 directly owns 103,829 shares in the company, valued at approximately $96,518,400.11. This represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,100 shares of company stock valued at $17,913,521. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $560.24 on Friday. Monolithic Power Systems, Inc. has a 12 month low of $538.00 and a 12 month high of $959.64. The company has a market capitalization of $27.33 billion, a price-to-earnings ratio of 63.16, a price-to-earnings-growth ratio of 2.86 and a beta of 1.15. The firm’s fifty day moving average price is $801.68 and its 200 day moving average price is $818.17.

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 firm had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. As a group, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company 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. This represents a $5.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s payout ratio is currently 56.37%.

Analyst Upgrades and Downgrades

MPWR has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Needham & Company LLC reduced their price target on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Oppenheimer reiterated an “outperform” rating and issued a $900.00 price objective on shares of Monolithic Power Systems in a research note on Monday, November 11th. Truist Financial restated a “buy” rating and set a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Finally, TD Cowen decreased their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.