Moody National Bank Trust Division Purchases New Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Moody National Bank Trust Division acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,840 shares of the semiconductor company’s stock, valued at approximately $1,089,000.

A number of other institutional investors have also recently bought and sold shares of MPWR. NBC Securities Inc. raised its position in shares of Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 26 shares in the last quarter. Wolff Wiese Magana LLC increased its stake in 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 acquiring an additional 34 shares during the period. West Oak Capital LLC raised its holdings in Monolithic Power Systems by 990.9% in the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 545 shares in the last quarter. GHP Investment Advisors Inc. bought a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at $36,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Monolithic Power Systems during the 3rd quarter worth $36,000. Institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on MPWR. TD Cowen dropped their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Oppenheimer restated an “outperform” rating and issued a $900.00 target price on shares of Monolithic Power Systems in a research report on Monday, November 11th. KeyCorp reduced their price target on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Loop Capital upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective for the company in a research report on Monday, November 18th. Finally, Stifel Nicolaus raised their target price on 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. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $828.67.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the sale, the executive vice president now owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 734 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the sale, the chief financial officer now owns 55,944 shares in the company, valued at approximately $42,805,551.60. The trade was a 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,600 shares of company stock valued at $4,656,631 over the last 90 days. 3.70% of the stock is owned by insiders.

Monolithic Power Systems Stock Down 0.7 %

Shares of MPWR stock opened at $587.35 on Tuesday. The firm has a market capitalization of $28.65 billion, a P/E ratio of 66.22, a P/E/G ratio of 2.90 and a beta of 1.03. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The stock’s fifty day simple moving average is $612.46 and its 200 day simple moving average is $780.65.

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

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.85%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

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.