RFG Advisory LLC Buys 74 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

RFG Advisory LLC increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,051 shares of the semiconductor company’s stock after purchasing an additional 74 shares during the period. RFG Advisory LLC’s holdings in Monolithic Power Systems were worth $622,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Outlook Wealth Advisors LLC grew its holdings 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 acquiring an additional 12 shares during the period. Greenleaf Trust grew 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 acquiring an additional 14 shares during the period. Aptus Capital Advisors LLC grew its holdings in Monolithic Power Systems by 4.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock worth $285,000 after acquiring an additional 14 shares during the period. American National Bank & Trust grew its holdings in 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 acquiring an additional 15 shares during the period. Finally, Graypoint LLC grew its holdings in Monolithic Power Systems by 3.9% during the 3rd quarter. Graypoint LLC now owns 403 shares of the semiconductor company’s stock worth $373,000 after acquiring an additional 15 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the transaction, the executive vice president now owns 162,239 shares in the company, valued at $124,135,548.46. This represents a 0.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the transaction, the chief financial officer now owns 56,678 shares in the company, valued at approximately $43,809,826.88. The trade was a 4.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,600 shares of company stock worth $4,656,631. Insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MPWR. Needham & Company LLC decreased their price target on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Wells Fargo & Company began coverage on shares of Monolithic Power Systems in a report on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 price target for the company. KeyCorp decreased their price target on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Rosenblatt Securities lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $900.00 target price on shares of Monolithic Power Systems in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus target price of $828.67.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $678.43 on Monday. The company’s 50-day moving average price is $604.82 and its two-hundred day moving average price is $767.95. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The stock has a market capitalization of $33.09 billion, a PE ratio of 76.49, a price-to-earnings-growth ratio of 2.64 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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 return on equity of 20.44% and a net margin of 21.29%. The business had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $1.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.00 dividend on an annualized basis and a yield of 0.74%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 56.37%.

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.