Peterson Wealth Services Purchases 6,836 Shares of Monolithic Power Systems, Inc. $MPWR

Peterson Wealth Services lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 551.7% in the third quarter, HoldingsChannel.com reports. The fund owned 8,075 shares of the semiconductor company’s stock after buying an additional 6,836 shares during the period. Monolithic Power Systems comprises approximately 1.7% of Peterson Wealth Services’ portfolio, making the stock its 13th biggest holding. Peterson Wealth Services’ holdings in Monolithic Power Systems were worth $7,434,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in Monolithic Power Systems during the second quarter worth $438,014,000. JPMorgan Chase & Co. raised its holdings in shares of Monolithic Power Systems by 36.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock worth $626,592,000 after buying an additional 227,159 shares in the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of Monolithic Power Systems during the 3rd quarter worth $197,260,000. Rafferty Asset Management LLC lifted its position in shares of Monolithic Power Systems by 36.1% during the 2nd quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock worth $386,991,000 after buying an additional 140,269 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in Monolithic Power Systems by 57.5% in the third quarter. Voya Investment Management LLC now owns 359,312 shares of the semiconductor company’s stock valued at $330,797,000 after acquiring an additional 131,177 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,173.22 on Tuesday. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,188.66. The company has a 50 day simple moving average of $984.40 and a two-hundred day simple moving average of $923.06. The company has a market capitalization of $56.21 billion, a PE ratio of 29.96, a P/E/G ratio of 3.16 and a beta of 1.45.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $1.56 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $6.24 annualized dividend and a yield of 0.5%. Monolithic Power Systems’s payout ratio is presently 15.93%.

Insider Buying and Selling at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $896.97, for a total transaction of $89,697.00. Following the sale, the director owned 426 shares in the company, valued at $382,109.22. This represents a 19.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 3,976 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $895.23, for a total value of $3,559,434.48. Following the sale, the executive vice president directly owned 144,330 shares of the company’s stock, valued at $129,208,545.90. This represents a 2.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 66,976 shares of company stock valued at $60,297,127. 3.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday, December 26th. Truist Financial increased their price target on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Wolfe Research set a $1,200.00 target price on Monolithic Power Systems and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Stifel Nicolaus lifted their price target on Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $1,135.42.

Monolithic Power Systems Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.