Victory Capital Management Inc. Purchases 21,240 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Victory Capital Management Inc. lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 27.0% in the third quarter, Holdings Channel.com reports. The fund owned 99,993 shares of the semiconductor company’s stock after purchasing an additional 21,240 shares during the quarter. Victory Capital Management Inc.’s holdings in Monolithic Power Systems were worth $92,444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Family Firm Inc. bought a new position in shares of Monolithic Power Systems during the 2nd quarter worth about $25,000. NBC Securities Inc. lifted its stake in Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC lifted its position in shares of Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after buying an additional 34 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Monolithic Power Systems during the 3rd quarter worth approximately $36,000. Finally, Atwood & Palmer Inc. bought a new position in shares of Monolithic Power Systems during the 2nd quarter worth approximately $33,000. 93.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Theodore Blegen sold 734 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.15, for a total transaction of $561,620.10. Following the completion of the sale, the chief financial officer now directly owns 55,944 shares of the company’s stock, valued at $42,805,551.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Theodore Blegen sold 734 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.15, for a total value of $561,620.10. Following the completion of the sale, the chief financial officer now owns 55,944 shares in the company, valued at approximately $42,805,551.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Deming Xiao sold 9,259 shares of the company’s 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 sale, the executive vice president now owns 20,455 shares of the company’s stock, valued at $19,432,250. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 39,359 shares of company stock valued at $36,209,571. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems Price Performance

MPWR stock opened at $601.47 on Thursday. The company has a 50 day moving average price of $866.42 and a 200 day moving average price of $828.49. Monolithic Power Systems, Inc. has a fifty-two week low of $523.64 and a fifty-two week high of $959.64. The stock 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.

Monolithic Power Systems (NASDAQ:MPWR) last released 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 firm had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. As a group, equities analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.83%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. Oppenheimer reissued an “outperform” rating and set a $900.00 price target on shares of Monolithic Power Systems in a report on Monday. 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, Truist Financial reaffirmed a “buy” rating and set a $994.00 price target (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $916.73.

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.