Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 117.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,995 shares of the semiconductor company’s stock after acquiring an additional 8,644 shares during the quarter. SG Americas Securities LLC’s holdings in Monolithic Power Systems were worth $14,787,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC raised 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 valued at $268,000 after buying an additional 12 shares in the last quarter. Evergreen Capital Management LLC raised its stake in Monolithic Power Systems by 1.4% during the second quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock valued at $731,000 after buying an additional 12 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in Monolithic Power Systems by 2.8% during the second quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock valued at $458,000 after buying an additional 15 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Monolithic Power Systems by 4.7% during the second quarter. EverSource Wealth Advisors LLC now owns 332 shares of the semiconductor company’s stock valued at $287,000 after buying an additional 15 shares in the last quarter. Finally, American National Bank & Trust raised its position in shares of Monolithic Power Systems by 1.8% during the 3rd quarter. American National Bank & Trust now owns 829 shares of the semiconductor company’s stock worth $766,000 after purchasing an additional 15 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Oppenheimer increased their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. Raymond James increased 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. KeyCorp increased their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. 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. Finally, TD Cowen upgraded Monolithic Power Systems to a “strong-buy” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $959.90.

Monolithic Power Systems Price Performance

MPWR stock traded up $12.86 on Friday, reaching $935.61. The company’s stock had a trading volume of 435,617 shares, compared to its average volume of 533,688. Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $959.64. The company has a market capitalization of $45.54 billion, a P/E ratio of 111.51, a price-to-earnings-growth ratio of 4.13 and a beta of 1.12. The firm has a fifty day moving average of $879.02 and a two-hundred day moving average of $790.25.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The firm had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the company posted $2.05 EPS. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Monday, September 30th. Monolithic Power Systems’s payout ratio is currently 59.59%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 10,999 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $843.83, for a total transaction of $9,281,286.17. Following the completion of the transaction, the executive vice president now directly owns 118,876 shares of the company’s stock, valued at approximately $100,311,135.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Maurice Sciammas sold 10,999 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $843.83, for a total transaction of $9,281,286.17. Following the completion of the sale, the executive vice president now directly owns 118,876 shares of the company’s stock, valued at $100,311,135.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,534 shares of company stock valued at $50,452,525. 3.20% of the stock is owned by corporate insiders.

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.