Equitable Trust Co. Boosts Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Equitable Trust Co. lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 63.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 717 shares of the semiconductor company’s stock after purchasing an additional 278 shares during the period. Equitable Trust Co.’s holdings in Monolithic Power Systems were worth $387,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Monolithic Power Systems in the 2nd quarter valued at approximately $27,000. Achmea Investment Management B.V. bought a new stake in shares of Monolithic Power Systems in the first quarter worth $27,000. Manchester Capital Management LLC acquired a new stake in Monolithic Power Systems in the first quarter valued at $28,000. Federated Hermes Inc. boosted its stake in Monolithic Power Systems by 622.2% during the 1st quarter. Federated Hermes Inc. now owns 65 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 56 shares during the last quarter. Finally, Washington Trust Advisors Inc. acquired a new position in Monolithic Power Systems during the 2nd quarter worth $34,000. 96.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 500 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $500.00, for a total transaction of $250,000.00. Following the transaction, the director now owns 1,793 shares of the company’s stock, valued at approximately $896,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 500 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $500.00, for a total transaction of $250,000.00. Following the completion of the transaction, the director now directly owns 1,793 shares of the company’s stock, valued at approximately $896,500. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Maurice Sciammas sold 859 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $490.39, for a total value of $421,245.01. Following the completion of the sale, the vice president now owns 182,218 shares of the company’s stock, valued at approximately $89,357,885.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,750 shares of company stock valued at $12,620,019. Company insiders own 3.20% of the company’s stock.

Monolithic Power Systems Trading Up 5.6 %

Shares of NASDAQ MPWR opened at $535.47 on Wednesday. Monolithic Power Systems, Inc. has a 12-month low of $336.63 and a 12-month high of $595.98. The company has a market cap of $25.67 billion, a PE ratio of 58.01, a P/E/G ratio of 3.15 and a beta of 1.16. The stock has a 50 day simple moving average of $464.65 and a 200-day simple moving average of $489.96.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a dividend of $1.00 per share. The ex-dividend date was Thursday, September 28th. This represents a $4.00 dividend on an annualized basis and a yield of 0.75%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 43.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MPWR. Truist Financial cut their target price on shares of Monolithic Power Systems from $600.00 to $483.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. StockNews.com began coverage on Monolithic Power Systems in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Oppenheimer lifted their target price on Monolithic Power Systems from $500.00 to $600.00 and gave the stock an “outperform” rating in a research report on Monday. Needham & Company LLC lowered their price target on Monolithic Power Systems from $575.00 to $500.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Finally, Rosenblatt Securities restated a “buy” rating and set a $580.00 price objective on shares of Monolithic Power Systems in a research note on Friday, October 27th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $551.08.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.