Pallas Capital Advisors LLC Purchases 92 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Pallas Capital Advisors LLC lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 18.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 590 shares of the semiconductor company’s stock after purchasing an additional 92 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Monolithic Power Systems were worth $530,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MPWR. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Monolithic Power Systems by 19.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock worth $37,583,000 after acquiring an additional 9,125 shares in the last quarter. Cetera Investment Advisers grew its position in Monolithic Power Systems by 237.3% in the first quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock worth $4,583,000 after acquiring an additional 4,760 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Monolithic Power Systems by 4.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 115,098 shares of the semiconductor company’s stock worth $77,970,000 after acquiring an additional 5,335 shares in the last quarter. Czech National Bank grew its position in Monolithic Power Systems by 9.8% in the second quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock worth $7,620,000 after acquiring an additional 824 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in Monolithic Power Systems by 224.4% in the first quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock worth $1,034,000 after acquiring an additional 1,057 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on MPWR. KeyCorp lifted 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. Truist Financial restated a “buy” rating and set a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Needham & Company LLC boosted their target price on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Stifel Nicolaus boosted their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Raymond James boosted their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $959.90.

Insider Buying and Selling

In related news, CEO Michael Hsing sold 2,790 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $2,171,708.10. Following the completion of the transaction, the chief executive officer now owns 865,332 shares of the company’s stock, valued at $673,565,775.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Deming Xiao sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total value of $9,500,000.00. Following the completion of the transaction, the executive vice president now owns 29,714 shares of the company’s stock, valued at $28,228,300. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Hsing sold 2,790 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $2,171,708.10. Following the completion of the transaction, the chief executive officer now directly owns 865,332 shares of the company’s stock, valued at $673,565,775.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,636 shares of company stock valued at $36,459,953 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $919.81 on Thursday. The firm has a market capitalization of $44.78 billion, a price-to-earnings ratio of 111.23, a PEG ratio of 4.17 and a beta of 1.11. The stock has a 50 day moving average price of $904.13 and a 200 day moving average price of $821.37. Monolithic Power Systems, Inc. has a 52-week low of $409.05 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced 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%. Monolithic Power Systems’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 earnings per share. Analysts forecast that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.54%. Monolithic Power Systems’s payout ratio is 59.59%.

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.