SteelPeak Wealth LLC Grows Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

SteelPeak Wealth LLC boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 45.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,243 shares of the semiconductor company’s stock after buying an additional 391 shares during the period. SteelPeak Wealth LLC’s holdings in Monolithic Power Systems were worth $737,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Outlook Wealth Advisors LLC lifted its position in shares of Monolithic Power Systems by 2.5% during the third quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock worth $461,000 after purchasing an additional 12 shares during the last quarter. Greenleaf Trust increased its stake in Monolithic Power Systems by 1.5% in the 3rd quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock worth $905,000 after buying an additional 14 shares during the period. Aptus Capital Advisors LLC increased its stake in Monolithic Power Systems by 4.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock worth $285,000 after buying an additional 14 shares during the period. American National Bank & Trust lifted 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 valued at $766,000 after buying an additional 15 shares in the last quarter. Finally, Graypoint LLC boosted its position in Monolithic Power Systems by 3.9% in the 3rd quarter. Graypoint LLC now owns 403 shares of the semiconductor company’s stock valued at $373,000 after buying an additional 15 shares during the period. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Stock Up 2.9 %

NASDAQ:MPWR opened at $636.78 on Friday. The firm has a 50 day moving average of $608.30 and a 200 day moving average of $762.75. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64. The stock has a market capitalization of $31.06 billion, a price-to-earnings ratio of 71.79, a PEG ratio of 2.64 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $600.10 million. As a group, analysts expect that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $1.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.79%. Monolithic Power Systems’s payout ratio is 56.37%.

Insider Activity

In other news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the transaction, the chief financial officer now directly owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the sale, the executive vice president now directly owns 162,239 shares of the company’s stock, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,100 shares of company stock worth $2,724,231 over the last 90 days. 3.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MPWR has been the subject of several research analyst reports. Loop Capital raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price target for the company in a research note on Monday, November 18th. Citigroup started coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 target price for the company. Rosenblatt Securities downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Oppenheimer restated an “outperform” rating and issued a $900.00 price objective on shares of Monolithic Power Systems in a report on Monday, November 11th. Finally, Wells Fargo & Company began coverage on shares of Monolithic Power Systems in a report on Friday, November 22nd. They set an “equal weight” rating and a $610.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average target price of $828.67.

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.