Pier 88 Investment Partners LLC Buys 90 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Pier 88 Investment Partners LLC increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,850 shares of the semiconductor company’s stock after buying an additional 90 shares during the quarter. Pier 88 Investment Partners LLC’s holdings in Monolithic Power Systems were worth $1,710,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Parametrica Management Ltd bought a new stake in shares of Monolithic Power Systems in the third quarter valued at about $361,000. Pinnacle Financial Partners Inc boosted its stake in shares of Monolithic Power Systems by 1.6% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 12,317 shares of the semiconductor company’s stock valued at $11,387,000 after purchasing an additional 195 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Monolithic Power Systems by 27.0% during the third quarter. Victory Capital Management Inc. now owns 99,993 shares of the semiconductor company’s stock worth $92,444,000 after buying an additional 21,240 shares during the last quarter. Aptus Capital Advisors LLC increased its holdings in shares of Monolithic Power Systems by 4.8% during the third quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock worth $285,000 after buying an additional 14 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its holdings in shares of Monolithic Power Systems by 410.0% during the 3rd quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 41 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Down 6.6 %

Shares of MPWR stock opened at $601.47 on Thursday. Monolithic Power Systems, Inc. has a 12 month low of $523.64 and a 12 month high of $959.64. The firm has a market capitalization of $29.34 billion, a PE ratio of 67.81, a price-to-earnings-growth ratio of 3.07 and a beta of 1.15. The firm has a fifty day simple moving average of $866.42 and a two-hundred day simple moving average of $828.49.

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

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.83%. Monolithic Power Systems’s payout ratio is 56.37%.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $950.00 price target on shares of Monolithic Power Systems in a research note on Tuesday. Oppenheimer reaffirmed an “outperform” rating and set a $900.00 price target on shares of Monolithic Power Systems in a research note on Monday. Raymond James increased their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Loop Capital assumed coverage on Monolithic Power Systems in a report on Monday. They issued a “hold” rating and a $660.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $916.73.

Insider Activity

In related news, EVP Deming Xiao sold 9,259 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total value of $8,796,050.00. Following the transaction, the executive vice president now owns 20,455 shares in the company, valued at approximately $19,432,250. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Deming Xiao sold 9,259 shares of Monolithic Power Systems stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total value of $8,796,050.00. Following the completion of the transaction, the executive vice president now owns 20,455 shares in the company, valued at $19,432,250. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the completion of the transaction, the executive vice president now directly owns 103,829 shares of the company’s stock, valued at approximately $96,518,400.11. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,359 shares of company stock valued at $36,209,571 over the last three months. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems 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.