Tidal Investments LLC Increases Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Tidal Investments LLC grew its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 105.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,042 shares of the semiconductor company’s stock after buying an additional 3,105 shares during the quarter. Tidal Investments LLC’s holdings in Monolithic Power Systems were worth $5,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Family Firm Inc. bought a new position in Monolithic Power Systems in the second quarter valued at about $25,000. NBC Securities Inc. lifted its stake in shares of Monolithic Power Systems by 433.3% in the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC boosted its holdings in shares of Monolithic Power Systems by 3,400.0% in the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after buying an additional 34 shares during the last quarter. Crewe Advisors LLC grew its position in Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares during the period. Finally, GHP Investment Advisors Inc. bought a new stake in Monolithic Power Systems during the second quarter valued at approximately $36,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MPWR has been the topic of several analyst reports. Rosenblatt Securities cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Wells Fargo & Company began coverage on Monolithic Power Systems in a research report on Friday, November 22nd. They set an “equal weight” rating and a $610.00 target price on the stock. KeyCorp cut their price target on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Stifel Nicolaus raised their price objective on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Needham & Company LLC lowered their price objective on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $828.67.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 734 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the sale, the chief financial officer now directly owns 55,944 shares in the company, valued at $42,805,551.60. The trade was a 1.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Deming Xiao sold 866 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the transaction, the executive vice president now directly owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,100 shares of company stock valued at $17,153,021 in the last ninety days. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Performance

MPWR stock opened at $608.44 on Friday. The company’s fifty day moving average price is $730.56 and its 200-day moving average price is $806.89. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The company has a market capitalization of $29.68 billion, a PE ratio of 68.60, a price-to-earnings-growth ratio of 2.97 and a beta of 1.05.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate 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 company had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. On average, research analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.82%. Monolithic Power Systems’s payout ratio is 56.37%.

About Monolithic Power Systems

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.