Daiwa Securities Group Inc. Buys 2,483 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Daiwa Securities Group Inc. raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 40.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 8,634 shares of the semiconductor company’s stock after purchasing an additional 2,483 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Monolithic Power Systems were worth $7,982,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Assetmark Inc. grew its position in Monolithic Power Systems by 6.6% during the third quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock worth $16,259,000 after buying an additional 1,082 shares in the last quarter. EULAV Asset Management grew its holdings in shares of Monolithic Power Systems by 8.6% during the 3rd quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company’s stock worth $100,099,000 after purchasing an additional 8,600 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Monolithic Power Systems by 29.0% in the third quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock valued at $3,741,000 after purchasing an additional 909 shares in the last quarter. Cetera Investment Advisers lifted its position in Monolithic Power Systems by 237.3% in the first quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock worth $4,583,000 after purchasing an additional 4,760 shares during the period. Finally, Mizuho Securities USA LLC boosted its stake in Monolithic Power Systems by 1,118.2% during the third quarter. Mizuho Securities USA LLC now owns 45,733 shares of the semiconductor company’s stock worth $42,280,000 after buying an additional 41,979 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC dropped their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research note on Friday. Raymond James raised their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. TD Cowen lowered their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Oppenheimer restated an “outperform” rating and set a $900.00 target price on shares of Monolithic Power Systems in a research report on Monday, November 11th. Finally, Rosenblatt Securities lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $840.36.

Insider Activity at Monolithic Power Systems

In other news, EVP Deming Xiao sold 866 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the completion of the transaction, the executive vice president now owns 162,239 shares in the company, valued at $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the sale, the chief financial officer now directly owns 59,178 shares of the company’s stock, valued at $53,754,928.08. This represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,100 shares of company stock worth $17,913,521. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $600.86 on Tuesday. The company has a 50 day moving average of $826.30 and a 200-day moving average of $823.48. Monolithic Power Systems, Inc. has a one year low of $538.00 and a one year high of $959.64. The stock has a market cap of $29.31 billion, a price-to-earnings ratio of 67.74, a P/E/G ratio of 2.77 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $600.10 million. Equities research analysts anticipate 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 Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.83%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s payout ratio is 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.