Victory Capital Management Inc. Has $92.44 Million Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Victory Capital Management Inc. raised its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 27.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,993 shares of the semiconductor company’s stock after acquiring an additional 21,240 shares during the quarter. Victory Capital Management Inc. owned approximately 0.21% of Monolithic Power Systems worth $92,444,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MPWR. Dynamic Advisor Solutions LLC boosted its holdings in shares of Monolithic Power Systems by 3.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after purchasing an additional 12 shares during the period. Evergreen Capital Management LLC grew its holdings in shares of Monolithic Power Systems by 1.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock valued at $731,000 after acquiring an additional 12 shares in the last quarter. Outlook Wealth Advisors LLC grew its holdings in shares of Monolithic Power Systems by 2.5% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock valued at $461,000 after acquiring an additional 12 shares in the last quarter. Greenleaf Trust grew its holdings in shares of Monolithic Power Systems by 1.5% during the 3rd quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock valued at $905,000 after acquiring an additional 14 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its holdings in shares of Monolithic Power Systems by 4.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock valued at $285,000 after acquiring an additional 14 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 6.6 %

Shares of Monolithic Power Systems stock opened at $601.47 on Thursday. The stock has a 50 day moving average price of $866.42 and a two-hundred day moving average price of $828.49. The stock has a market capitalization of $29.34 billion, a P/E ratio of 67.81, a PEG ratio of 3.07 and a beta of 1.15. Monolithic Power Systems, Inc. has a 12-month low of $523.64 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.83%. Monolithic Power Systems’s payout ratio is 56.37%.

Insider Activity at Monolithic Power Systems

In other news, EVP Deming Xiao sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total value of $9,500,000.00. Following the completion of the sale, the executive vice president now directly owns 29,714 shares of the company’s stock, valued at approximately $28,228,300. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total value of $2,270,900.00. Following the completion of the sale, the chief financial officer now owns 59,178 shares in the company, valued at approximately $53,754,928.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 10,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the completion of the sale, the executive vice president now owns 29,714 shares of the company’s stock, valued at approximately $28,228,300. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,359 shares of company stock worth $36,209,571 in the last 90 days. 3.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on MPWR. Loop Capital began coverage on Monolithic Power Systems in a research note on Monday. They issued a “hold” rating and a $660.00 target price on the stock. Raymond James boosted 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. Needham & Company LLC reissued a “buy” rating and issued a $950.00 price target on shares of Monolithic Power Systems in a research note on Tuesday. Truist Financial reissued a “buy” rating and issued a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Finally, Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $916.73.

About Monolithic Power Systems

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.