Raymond James Financial Services Advisors Inc. raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Rating) by 10.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,169 shares of the semiconductor company’s stock after acquiring an additional 1,203 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Monolithic Power Systems were worth $4,787,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Glassman Wealth Services boosted its holdings in shares of Monolithic Power Systems by 58.5% during the second quarter. Glassman Wealth Services now owns 65 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 24 shares during the period. Achmea Investment Management B.V. bought a new stake in shares of Monolithic Power Systems in the first quarter valued at approximately $27,000. Lindbrook Capital LLC boosted its stake in shares of Monolithic Power Systems by 75.6% in the second quarter. Lindbrook Capital LLC now owns 72 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 31 shares during the period. Heritage Wealth Management LLC bought a new stake in shares of Monolithic Power Systems in the second quarter valued at approximately $28,000. Finally, Private Trust Co. NA boosted its stake in shares of Monolithic Power Systems by 111.1% in the third quarter. Private Trust Co. NA now owns 76 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 40 shares during the period. Institutional investors own 96.42% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on MPWR. Credit Suisse Group began coverage on Monolithic Power Systems in a research note on Tuesday, November 15th. They issued an “outperform” rating and a $475.00 price target for the company. Needham & Company LLC cut their target price on Monolithic Power Systems from $550.00 to $450.00 and set a “buy” rating for the company in a research note on Friday, October 28th. StockNews.com started coverage on Monolithic Power Systems in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on Monolithic Power Systems from $400.00 to $435.00 in a research report on Wednesday, December 14th. Finally, Truist Financial decreased their target price on Monolithic Power Systems from $569.00 to $432.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average target price of $435.20.
Insider Buying and Selling at Monolithic Power Systems
Monolithic Power Systems Price Performance
Monolithic Power Systems stock opened at $397.37 on Thursday. The stock’s 50 day moving average is $368.60 and its 200 day moving average is $399.62. The firm has a market cap of $18.65 billion, a P/E ratio of 49.06, a P/E/G ratio of 1.49 and a beta of 1.12. Monolithic Power Systems, Inc. has a one year low of $301.69 and a one year high of $541.39.
Monolithic Power Systems (NASDAQ:MPWR – Get Rating) last posted its quarterly earnings data on Thursday, October 27th. The semiconductor company reported $2.64 EPS for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.09). The company had revenue of $495.42 million during the quarter, compared to analyst estimates of $490.45 million. Monolithic Power Systems had a return on equity of 29.06% and a net margin of 23.42%. Equities analysts anticipate that Monolithic Power Systems, Inc. will post 9.43 earnings per share for the current fiscal year.
Monolithic Power Systems Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, December 29th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 37.04%.
About Monolithic Power Systems
Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.
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