Prospera Financial Services Inc Has $214,000 Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Prospera Financial Services Inc trimmed its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 39.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 231 shares of the semiconductor company’s stock after selling 149 shares during the quarter. Prospera Financial Services Inc’s holdings in Monolithic Power Systems were worth $214,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Knuff & Co LLC increased its stake in shares of Monolithic Power Systems by 3.1% during the 3rd quarter. Knuff & Co LLC now owns 668 shares of the semiconductor company’s stock worth $618,000 after purchasing an additional 20 shares during the last quarter. Caprock Group LLC grew its holdings in Monolithic Power Systems by 64.3% during the third quarter. Caprock Group LLC now owns 570 shares of the semiconductor company’s stock worth $528,000 after purchasing an additional 223 shares during the period. Meeder Advisory Services Inc. increased its position in Monolithic Power Systems by 26.5% during the third quarter. Meeder Advisory Services Inc. now owns 701 shares of the semiconductor company’s stock worth $648,000 after buying an additional 147 shares during the last quarter. EQ LLC acquired a new stake in shares of Monolithic Power Systems in the third quarter valued at approximately $250,000. Finally, TrinityPoint Wealth LLC boosted its stake in shares of Monolithic Power Systems by 3.2% during the 3rd quarter. TrinityPoint Wealth LLC now owns 486 shares of the semiconductor company’s stock worth $449,000 after acquiring an additional 15 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

MPWR has been the subject of several research reports. Rosenblatt Securities downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Oppenheimer reaffirmed an “outperform” rating and set a $900.00 target price on shares of Monolithic Power Systems in a report on Monday, November 11th. Needham & Company LLC decreased their price target on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research note on Friday. KeyCorp cut their price objective on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Finally, Raymond James increased their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $840.36.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $600.86 on Tuesday. The business has a fifty day moving average price of $826.30 and a two-hundred day moving average price of $823.48. The stock has a market capitalization of $29.31 billion, a PE ratio of 65.48, a P/E/G ratio of 2.77 and a beta of 1.15. Monolithic Power Systems, Inc. has a fifty-two week low of $538.00 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly 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 company had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.25 per share. The ex-dividend date was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.83%. Monolithic Power Systems’s dividend payout ratio is 56.37%.

Insider Activity at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total value of $2,270,900.00. Following the transaction, the chief financial officer now owns 59,178 shares in the company, valued at approximately $53,754,928.08. This trade represents a 4.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 866 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.14, for a total value 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 disclosure for this sale can be found here. Insiders have sold 20,100 shares of company stock valued at $17,913,521 over the last three months. 3.70% of the stock is owned by insiders.

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.