Exchange Traded Concepts LLC Has $893,000 Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Exchange Traded Concepts LLC grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 116.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,509 shares of the semiconductor company’s stock after purchasing an additional 811 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Monolithic Power Systems were worth $893,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in MPWR. NBC Securities Inc. raised its holdings in shares of Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 26 shares during the last quarter. Wolff Wiese Magana LLC increased its position in Monolithic Power Systems by 3,400.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 34 shares in the last quarter. West Oak Capital LLC raised its stake in shares of Monolithic Power Systems by 990.9% in the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 545 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Monolithic Power Systems during the third quarter worth approximately $36,000. Finally, Rakuten Securities Inc. grew its stake in shares of Monolithic Power Systems by 410.0% during the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In related news, EVP Deming Xiao sold 866 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the completion of the transaction, the executive vice president now directly owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. This represents a 0.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the sale, the chief financial officer now directly owns 53,444 shares in the company, valued at $32,066,400. This represents a 4.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,600 shares of company stock valued at $4,656,631. 3.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Rosenblatt Securities cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Truist Financial reaffirmed a “buy” rating and set a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Wells Fargo & Company started coverage on Monolithic Power Systems in a report on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 price target on the stock. Needham & Company LLC cut their target price on shares of 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. Finally, TD Cowen reduced their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $828.67.

Monolithic Power Systems Stock Up 2.8 %

Shares of NASDAQ MPWR opened at $617.57 on Wednesday. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The stock has a market cap of $30.13 billion, a price-to-earnings ratio of 69.62, a P/E/G ratio of 2.64 and a beta of 1.03. The company’s fifty day moving average is $605.71 and its 200-day moving average is $764.65.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share 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, research analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $1.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.00 annualized dividend and a dividend yield of 0.81%. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

About Monolithic Power Systems

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.