Dogwood Wealth Management LLC significantly increased its stake in Monolithic Power Systems (NASDAQ:MPWR) by 31,566.7% in the third quarter, now holding 950 shares valued at approximately $875,000. This comes as Monolithic Power Systems reported a strong quarter, beating EPS estimates and seeing a 20.8% year-over-year revenue increase to $751.16 million, along with a dividend increase to $2.00 per quarter. Despite significant insider selling totaling over $116 million in the last 90 days, institutional investors own 93.46% of the company, and analysts generally rate the stock as a “Buy” with an average price target of $1,218.42.
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Dogwood Wealth Management LLC Boosts Position in Monolithic Power Systems, Inc. $MPWR
Dogwood Wealth Management LLC significantly increased its stake in Monolithic Power Systems (NASDAQ:MPWR) by 31,566.7% in the third quarter, now holding 950 shares valued at approximately $875,000. This comes as Monolithic Power Systems reported a strong quarter, beating EPS estimates and seeing a 20.8% year-over-year revenue increase to $751.16 million, along with a dividend increase to $2.00 per quarter. Despite significant insider selling totaling over $116 million in the last 90 days, institutional investors own 93.46% of the company, and analysts generally rate the stock as a “Buy” with an average price target of $1,218.42.