Prime Capital Investment Advisors LLC Sells 28 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Prime Capital Investment Advisors LLC lowered its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 802 shares of the semiconductor company’s stock after selling 28 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Monolithic Power Systems were worth $741,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Monolithic Power Systems by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock valued at $3,739,318,000 after buying an additional 55,874 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Monolithic Power Systems by 26.3% in the third quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock valued at $395,715,000 after acquiring an additional 93,362 shares during the last quarter. Earnest Partners LLC increased its position in Monolithic Power Systems by 5.2% during the 1st quarter. Earnest Partners LLC now owns 290,876 shares of the semiconductor company’s stock valued at $197,045,000 after purchasing an additional 14,327 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Monolithic Power Systems by 14.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 275,979 shares of the semiconductor company’s stock worth $226,767,000 after purchasing an additional 34,557 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Monolithic Power Systems by 0.5% in the 2nd quarter. American Century Companies Inc. now owns 235,508 shares of the semiconductor company’s stock worth $193,513,000 after purchasing an additional 1,262 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the subject of a number of analyst reports. KeyCorp lifted their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Loop Capital assumed coverage on Monolithic Power Systems in a research note on Monday, November 11th. They issued a “hold” rating and a $660.00 price objective on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $900.00 target price on shares of Monolithic Power Systems in a research note on Monday, November 11th. Truist Financial restated a “buy” rating and set a $994.00 price target (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus lifted their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average target price of $916.73.

Monolithic Power Systems Trading Down 0.6 %

MPWR opened at $573.38 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $532.86 and a 1-year high of $959.64. The company has a market cap of $27.97 billion, a price-to-earnings ratio of 64.64, a PEG ratio of 2.86 and a beta of 1.15. The company’s fifty day moving average price is $856.47 and its two-hundred day moving average price is $826.00.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.05). The business had revenue of $620.12 million during 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%. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.87%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 56.37%.

Insider Activity at Monolithic Power Systems

In related news, EVP Deming Xiao sold 9,259 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the completion of the sale, the executive vice president now owns 20,455 shares in the company, valued at approximately $19,432,250. This trade represents a 31.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the transaction, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at $55,769,247.60. This represents a 3.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 39,359 shares of company stock valued at $36,209,571. 3.70% of the stock is owned by insiders.

Monolithic Power Systems Company 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.