Valley National Advisers Inc. Raises Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Valley National Advisers Inc. lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 14,684.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,922 shares of the semiconductor company’s stock after purchasing an additional 1,909 shares during the period. Valley National Advisers Inc.’s holdings in Monolithic Power Systems were worth $1,776,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MPWR. Wealth Enhancement Advisory Services LLC increased its stake in shares of Monolithic Power Systems by 7.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,681 shares of the semiconductor company’s stock worth $1,816,000 after acquiring an additional 187 shares during the period. Trilogy Capital Inc. acquired a new position in Monolithic Power Systems during the first quarter worth approximately $400,000. SteelPeak Wealth LLC increased its position in shares of Monolithic Power Systems by 14.1% in the first quarter. SteelPeak Wealth LLC now owns 1,366 shares of the semiconductor company’s stock worth $927,000 after acquiring an additional 169 shares in the last quarter. Diversified Trust Co acquired a new stake in shares of Monolithic Power Systems in the first quarter worth $474,000. Finally, Oak Thistle LLC acquired a new stake in shares of Monolithic Power Systems in the first quarter worth $392,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Deming Xiao sold 859 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $668,637.01. Following the transaction, the executive vice president now owns 202,354 shares of the company’s stock, valued at approximately $157,510,330.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Deming Xiao sold 859 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $668,637.01. Following the transaction, the executive vice president now owns 202,354 shares of the company’s stock, valued at approximately $157,510,330.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the transaction, the executive vice president now directly owns 103,829 shares in the company, valued at $96,518,400.11. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,136 shares of company stock valued at $38,591,228. 3.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Raymond James increased their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Rosenblatt Securities lifted their price objective on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. KeyCorp raised their price target on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems presently has an average rating of “Buy” and an average price target of $959.90.

Monolithic Power Systems Stock Up 0.1 %

NASDAQ:MPWR opened at $901.29 on Friday. Monolithic Power Systems, Inc. has a 12 month low of $392.10 and a 12 month high of $959.64. The firm has a market cap of $43.94 billion, a price-to-earnings ratio of 107.30, a P/E/G ratio of 4.06 and a beta of 1.11. The company’s 50 day moving average is $904.09 and its 200-day moving average is $816.92.

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

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 59.52%.

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.