Vantage Investment Partners LLC Sells 1,488 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Vantage Investment Partners LLC trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.3% in the 3rd quarter, Holdings Channel reports. The firm owned 33,217 shares of the semiconductor company’s stock after selling 1,488 shares during the quarter. Monolithic Power Systems accounts for 2.6% of Vantage Investment Partners LLC’s holdings, making the stock its 17th largest position. Vantage Investment Partners LLC’s holdings in Monolithic Power Systems were worth $30,709,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in MPWR. Vanguard Group Inc. raised its position in 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 worth $3,739,318,000 after purchasing an additional 55,874 shares during the period. Van ECK Associates Corp raised its position in Monolithic Power Systems by 26.3% in the 3rd quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock worth $395,715,000 after purchasing an additional 93,362 shares during the period. Earnest Partners LLC raised its position in Monolithic Power Systems by 5.2% in the 1st quarter. Earnest Partners LLC now owns 290,876 shares of the semiconductor company’s stock worth $197,045,000 after purchasing an additional 14,327 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in Monolithic Power Systems by 14.3% in 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 period. Finally, American Century Companies Inc. raised its position in 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. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the topic of a number of analyst reports. Truist Financial reiterated a “buy” rating and issued a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Stifel Nicolaus boosted 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 report on Friday, September 27th. Finally, Needham & Company LLC decreased their price objective on shares of Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $916.73.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $772.96, for a total value of $1,932,400.00. Following the transaction, the chief financial officer now directly owns 56,678 shares in the company, valued at approximately $43,809,826.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Deming Xiao sold 9,259 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now directly owns 20,455 shares of the company’s stock, valued at approximately $19,432,250. This trade 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 firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the transaction, the chief financial officer now directly owns 56,678 shares of the company’s stock, valued at $43,809,826.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,759 shares of company stock worth $34,985,340. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Down 15.0 %

NASDAQ:MPWR opened at $647.31 on Tuesday. The company’s 50 day moving average price is $881.04 and its 200-day moving average price is $830.41. Monolithic Power Systems, Inc. has a 52 week low of $500.54 and a 52 week high of $959.64. The stock has a market cap of $31.58 billion, a price-to-earnings ratio of 72.98, a PEG ratio of 3.62 and a beta of 1.15.

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 firm had revenue of $620.12 million for the quarter, compared to analysts’ expectations 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, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.77%. Monolithic Power Systems’s payout ratio is presently 56.37%.

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.