Profund Advisors LLC Buys 471 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Profund Advisors LLC grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 20.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,722 shares of the semiconductor company’s stock after buying an additional 471 shares during the quarter. Profund Advisors LLC’s holdings in Monolithic Power Systems were worth $1,471,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MPWR. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Monolithic Power Systems in the second quarter worth $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 bought a new stake in shares of Monolithic Power Systems in the first quarter worth $28,000. Federated Hermes Inc. grew its stake in shares of Monolithic Power Systems by 622.2% in the first quarter. Federated Hermes Inc. now owns 65 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 56 shares during the last quarter. Finally, Washington Trust Advisors Inc. bought a new stake in shares of Monolithic Power Systems in the second quarter worth $34,000. Institutional investors own 96.52% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, Director James C. Moyer sold 3,800 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $538.94, for a total value of $2,047,972.00. Following the completion of the sale, the director now directly owns 470 shares of the company’s stock, valued at approximately $253,301.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Monolithic Power Systems news, Director James C. Moyer sold 3,800 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $538.94, for a total value of $2,047,972.00. Following the completion of the sale, the director now directly owns 470 shares of the company’s stock, valued at approximately $253,301.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kuo Wei Herbert Chang sold 500 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 1,793 shares of the company’s stock, valued at $896,500. The disclosure for this sale can be found here. Insiders sold a total of 30,550 shares of company stock valued at $14,667,991 over the last three months. Corporate insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MPWR. Wells Fargo & Company boosted their price objective on shares of Monolithic Power Systems from $510.00 to $575.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 1st. StockNews.com assumed coverage on shares of Monolithic Power Systems in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Oppenheimer boosted their target price on shares of Monolithic Power Systems from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Monday, November 13th. Needham & Company LLC dropped their target price on shares of Monolithic Power Systems from $575.00 to $500.00 and set a “buy” rating on the stock in a report on Tuesday, October 31st. Finally, Truist Financial dropped 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 report on Tuesday, October 31st. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $551.08.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $551.20 on Tuesday. The firm has a 50-day moving average of $467.97 and a 200-day moving average of $492.67. The company has a market cap of $26.42 billion, a PE ratio of 59.72, a PEG ratio of 5.79 and a beta of 1.16. Monolithic Power Systems, Inc. has a one year low of $336.63 and a one year high of $595.98.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Monday, October 30th. The semiconductor company reported $2.49 EPS for the quarter, topping the consensus estimate of $2.41 by $0.08. The company had revenue of $474.87 million during the quarter, compared to the consensus estimate of $474.12 million. Monolithic Power Systems had a net margin of 24.60% and a return on equity of 24.92%. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 9.18 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Thursday, September 28th. Monolithic Power Systems’s payout ratio is presently 43.34%.

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 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.