UMB Bank n.a. Has $206,000 Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

UMB Bank n.a. raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 348 shares of the semiconductor company’s stock after buying an additional 26 shares during the quarter. UMB Bank n.a.’s holdings in Monolithic Power Systems were worth $206,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MPWR. NBC Securities Inc. grew its holdings in Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC grew its holdings in shares of Monolithic Power Systems by 3,400.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 34 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at $36,000. Rakuten Securities Inc. raised its stake in Monolithic Power Systems by 410.0% during the 3rd quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock worth $47,000 after buying an additional 41 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in Monolithic Power Systems during the third quarter worth about $65,000. 93.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MPWR. Stifel Nicolaus raised their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Truist Financial restated a “buy” rating and set a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. TD Cowen reduced their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Needham & Company LLC dropped their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Finally, Loop Capital raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 target price for the company in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $828.67.

Insider Activity

In related news, EVP Deming Xiao sold 866 shares of the stock in a transaction on 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 owns 162,239 shares in the company, valued at approximately $124,135,548.46. This represents a 0.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $772.96, for a total value of $1,932,400.00. Following the sale, the chief financial officer now directly owns 56,678 shares of the company’s stock, valued at $43,809,826.88. This represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,600 shares of company stock valued at $4,656,631. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Stock Performance

MPWR opened at $689.42 on Thursday. The business’s 50-day simple moving average is $600.27 and its 200 day simple moving average is $770.84. The firm has a market capitalization of $33.63 billion, a PE ratio of 77.73, a PEG ratio of 2.40 and a beta of 1.03. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). The company had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed 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 of this dividend was Tuesday, December 31st. This represents a $5.00 annualized dividend and a dividend yield of 0.73%. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

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.