Harvest Fund Management Co. Ltd Sells 511 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Harvest Fund Management Co. Ltd reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,229 shares of the semiconductor company’s stock after selling 511 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Monolithic Power Systems were worth $7,606,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Family Firm Inc. acquired a new position in shares of Monolithic Power Systems during the second quarter valued at about $25,000. NBC Securities Inc. raised its holdings in Monolithic Power Systems by 433.3% in the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 26 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in Monolithic Power Systems by 3,400.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 34 shares in the last quarter. Atwood & Palmer Inc. bought a new stake in shares of Monolithic Power Systems in the 2nd quarter worth approximately $33,000. Finally, Crewe Advisors LLC grew 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 worth $35,000 after purchasing an additional 24 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on MPWR shares. Wells Fargo & Company started coverage on Monolithic Power Systems in a research report on Friday. They issued an “equal weight” rating and a $610.00 target price for the company. Oppenheimer reaffirmed an “outperform” rating and set a $900.00 price objective on shares of Monolithic Power Systems in a report on Monday, November 11th. TD Cowen decreased their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. KeyCorp dropped their price target 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, Loop Capital raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective on the stock in a report on Monday, November 18th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $840.36.

Monolithic Power Systems Trading Up 1.5 %

NASDAQ MPWR opened at $580.81 on Monday. The firm has a market cap of $28.33 billion, a price-to-earnings ratio of 65.48, a PEG ratio of 2.77 and a beta of 1.15. Monolithic Power Systems, Inc. has a 1-year low of $538.00 and a 1-year high of $959.64. The company has a 50 day moving average of $826.30 and a 200-day moving average of $822.71.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share 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 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, analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 734 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.15, for a total transaction of $561,620.10. Following the transaction, the chief financial officer now owns 55,944 shares of the company’s stock, valued at approximately $42,805,551.60. This represents a 1.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deming Xiao sold 9,259 shares of Monolithic Power Systems stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total value of $8,796,050.00. Following the completion of the sale, the executive vice president now directly owns 20,455 shares of the company’s stock, valued at $19,432,250. This trade represents a 31.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,359 shares of company stock valued at $26,709,571 in the last 90 days. 3.70% of the stock is currently owned by insiders.

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.