RDA Financial Network Makes New $1.92 Million Investment in Monolithic Power Systems, Inc. $MPWR

RDA Financial Network purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,090 shares of the semiconductor company’s stock, valued at approximately $1,924,000.

Several other large investors have also recently made changes to their positions in the stock. WPG Advisers LLC acquired a new stake in Monolithic Power Systems in the 1st quarter valued at approximately $27,000. NewSquare Capital LLC lifted its stake in Monolithic Power Systems by 76.0% during the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 19 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Monolithic Power Systems during the second quarter worth $36,000. AdvisorNet Financial Inc boosted its position in shares of Monolithic Power Systems by 306.3% during the second quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company’s stock worth $48,000 after buying an additional 49 shares during the period. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of Monolithic Power Systems in the second quarter valued at $48,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Theodore Blegen sold 3,000 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $908.21, for a total value of $2,724,630.00. Following the sale, the chief financial officer directly owned 71,332 shares in the company, valued at approximately $64,784,435.72. This trade represents a 4.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maurice Sciammas sold 3,976 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $895.23, for a total transaction of $3,559,434.48. Following the transaction, the executive vice president owned 144,330 shares of the company’s stock, valued at approximately $129,208,545.90. The trade was a 2.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 86,516 shares of company stock valued at $80,331,635. 3.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MPWR shares. TD Cowen increased their target price on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Monolithic Power Systems in a research report on Wednesday, October 8th. Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Finally, Citigroup lifted their price objective on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,047.27.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $912.25 on Thursday. The company has a market cap of $43.71 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 3.21 and a beta of 1.47. The stock’s 50-day moving average is $968.76 and its two-hundred day moving average is $855.65. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 EPS for the quarter, topping analysts’ consensus estimates of $4.62 by $0.11. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The business had revenue of $737.18 million during the quarter, compared to the consensus estimate of $720.66 million. During the same period in the previous year, the company posted $4.06 earnings per share. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, December 31st. Monolithic Power Systems’s payout ratio is 15.93%.

Monolithic Power Systems 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.