Monolithic Power Systems, Inc. $MPWR Stock: Diversify Advisory Services LLC Grows Stake

Diversify Advisory Services LLC lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 145.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,712 shares of the semiconductor company's stock after acquiring an additional 1,015 shares during the quarter. Diversify Advisory Services LLC's holdings in Monolithic Power Systems were worth $2,139,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Monolithic Power Systems during the 2nd quarter valued at about $7,727,289,000. Bank of America Corp DE bought a new position in Monolithic Power Systems during the 2nd quarter valued at approximately $741,271,000. Legal & General Group Plc purchased a new stake in Monolithic Power Systems in the 2nd quarter worth approximately $497,561,000. Royal Bank of Canada lifted its holdings in Monolithic Power Systems by 168.1% in the 1st quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company's stock worth $517,557,000 after buying an additional 296,788 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Monolithic Power Systems in the 2nd quarter worth approximately $402,414,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MPWR. TD Cowen reduced their target price on Monolithic Power Systems from $1,850.00 to $1,700.00 and set a "buy" rating on the stock in a research note on Monday, October 19th. Rosenblatt Securities restated a "neutral" rating and set a $1,575.00 target price on shares of Monolithic Power Systems in a report on Friday, July 31st. Wall Street Zen lowered Monolithic Power Systems from a "buy" rating to a "hold" rating in a research note on Saturday, October 17th. Zacks Research downgraded shares of Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 2nd. Finally, KeyCorp upped their price objective on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,692.64.

Insider Buying and Selling at Monolithic Power Systems

In related news, Director Kuo Wei Chang sold 50 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the sale, the director directly owned 515 shares of the company's stock, valued at approximately $660,008.55. This represents a 8.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the sale, the executive vice president directly owned 1,119 shares in the company, valued at $1,503,868.86. This trade represents a 2.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 130 shares of company stock worth $175,397 over the last three months. Corporate insiders own 3.60% of the company's stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $1,140.12 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $833.18 and a 1 year high of $1,714.09. The firm has a 50-day moving average of $1,286.36 and a 200 day moving average of $1,395.71. The stock has a market cap of $56.03 billion, a P/E ratio of 69.94 and a beta of 1.68.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping analysts' consensus estimates of $5.87 by $0.63. The business had revenue of $980.64 million for the quarter, compared to analysts' expectations of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The business's revenue was up 47.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.21 earnings per share. Research analysts expect that Monolithic Power Systems, Inc. will post 23.95 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a dividend of $2.00 per share. The ex-dividend date was Wednesday, September 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems's payout ratio is presently 49.05%.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc NASDAQ: MPWR is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.

The company's portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.

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