Monolithic Power Systems, Inc. $MPWR Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 162.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,829 shares of the semiconductor company’s stock after purchasing an additional 7,319 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Monolithic Power Systems were worth $15,936,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. TFB Advisors LLC lifted its position in shares of Monolithic Power Systems by 5.9% in the 3rd quarter. TFB Advisors LLC now owns 519 shares of the semiconductor company’s stock worth $699,000 after buying an additional 29 shares during the last quarter. Collaborative Fund Advisors LLC bought a new stake in shares of Monolithic Power Systems during the 3rd quarter valued at about $1,265,000. Chicago Partners Investment Group LLC grew its position in shares of Monolithic Power Systems by 11.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 804 shares of the semiconductor company’s stock valued at $917,000 after buying an additional 82 shares during the last quarter. Covestor Ltd raised its stake in Monolithic Power Systems by 17.2% during the third quarter. Covestor Ltd now owns 75 shares of the semiconductor company’s stock worth $102,000 after acquiring an additional 11 shares during the period. Finally, Ascent Group LLC raised its stake in Monolithic Power Systems by 20.5% during the third quarter. Ascent Group LLC now owns 288 shares of the semiconductor company’s stock worth $388,000 after acquiring an additional 49 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In related news, Director Kuo Wei Chang sold 50 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the completion of the transaction, the director directly owned 515 shares of the company’s stock, valued at $660,008.55. This represents a 8.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. KeyCorp raised their target price 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. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, November 2nd. Rosenblatt Securities raised Monolithic Power Systems from a “neutral” rating to a “buy” rating and upped their target price for the company from $1,575.00 to $1,700.00 in a report on Friday, October 30th. Needham & Company LLC reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 30th. Finally, Arete Research started coverage on Monolithic Power Systems in a report on Thursday, August 20th. They issued a “buy” rating and a $2,013.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $1,783.77.

Trending Headlines about Monolithic Power Systems

Here are the key news stories impacting Monolithic Power Systems this week:

• Positive Sentiment: MPWR moved above its 20-, 50- and 200-day moving averages, which technical-focused reports describe as bullish signals for short- and longer-term momentum. 20-day moving average report 50-day moving average report 200-day moving average report
• Positive Sentiment: The shares recently rallied alongside analog-chip peers, with reports highlighting a sector-wide advance and multiple gains in recent sessions. MPWR’s latest reported quarterly results also provide a favorable backdrop: earnings and revenue topped consensus, and revenue grew 63.1% year over year. Sector rally report
• Neutral Sentiment: One report says short interest increased but lists total short interest as zero shares, an internally inconsistent figure that does not provide a reliable signal about investor positioning. Short-interest and sector earnings coverage
• Negative Sentiment: The recent rapid rally has not been tied to a confirmed company-specific catalyst, leaving the shares vulnerable to volatility or profit-taking. MPWR also trades at a high valuation, which can increase sensitivity to shifts in sentiment. Rally without a confirmed catalyst

Monolithic Power Systems Stock Down 2.2%

Monolithic Power Systems stock opened at $1,357.60 on Wednesday. The firm has a 50-day moving average price of $1,271.82 and a two-hundred day moving average price of $1,318.84. The firm has a market capitalization of $66.21 billion, a price-to-earnings ratio of 73.02 and a beta of 1.71. Monolithic Power Systems, Inc. has a 52-week low of $833.18 and a 52-week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, October 29th. The semiconductor company reported $8.19 EPS for the quarter, topping the consensus estimate of $7.79 by $0.40. Monolithic Power Systems had a net margin of 23.85% and a return on equity of 25.23%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the firm earned $4.73 EPS. Monolithic Power Systems’s quarterly revenue was up 63.1% on a year-over-year basis. Research analysts expect that Monolithic Power Systems, Inc. will post 23.72 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $2.00 per share. The ex-dividend date was Wednesday, September 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s payout ratio is currently 44.17%.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc. (MPS) designs, develops and markets semiconductor-based power management solutions. Its products include power management integrated circuits, DC-to-DC converters, power modules, battery chargers, LED drivers and motor drivers, which help control and convert electrical power in electronic systems. The company’s products serve a range of markets, including computing and data storage, automotive, communications, consumer electronics and industrial applications. MPS sells to customers around the world through direct sales and distribution channels.