Stephens Inc. AR Lowers Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Stephens Inc. AR trimmed its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 326 shares of the semiconductor company’s stock after selling 24 shares during the period. Stephens Inc. AR’s holdings in Monolithic Power Systems were worth $301,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Family Firm Inc. purchased a new position in shares of Monolithic Power Systems during the 2nd quarter valued at about $25,000. NBC Securities Inc. raised its holdings in shares of Monolithic Power Systems by 433.3% during the 3rd 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 raised its holdings 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 valued at $32,000 after buying an additional 34 shares in the last quarter. Atwood & Palmer Inc. purchased a new position in shares of Monolithic Power Systems during the 2nd quarter valued at about $33,000. Finally, Crewe Advisors LLC raised its holdings in shares of Monolithic Power Systems by 126.3% during the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Deming Xiao sold 9,259 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total value of $8,796,050.00. Following the completion of the transaction, the executive vice president now owns 20,455 shares in the company, valued at approximately $19,432,250. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Deming Xiao sold 9,259 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total value of $8,796,050.00. Following the sale, the executive vice president now directly owns 20,455 shares of the company’s stock, valued at approximately $19,432,250. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $772.96, for a total value of $1,932,400.00. Following the completion of the sale, the chief financial officer now directly owns 56,678 shares in the company, valued at approximately $43,809,826.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,759 shares of company stock worth $34,985,340. 3.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MPWR has been the topic of a number of research reports. Needham & Company LLC decreased their price objective on Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, September 27th. KeyCorp increased their price objective on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. TD Cowen dropped their price objective 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. Finally, Raymond James increased their price objective 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. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $942.40.

Monolithic Power Systems Stock Down 1.3 %

Shares of Monolithic Power Systems stock opened at $775.21 on Friday. The company has a market cap of $37.79 billion, a PE ratio of 87.40, a P/E/G ratio of 3.68 and a beta of 1.15. The business has a 50 day moving average of $884.50 and a 200 day moving average of $826.47. Monolithic Power Systems, Inc. has a 52 week low of $480.43 and a 52 week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The business had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current 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 $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.64%. Monolithic Power Systems’s dividend payout ratio (DPR) is 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.