Integrated Wealth Concepts LLC Has $1.28 Million Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Integrated Wealth Concepts LLC lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,383 shares of the semiconductor company’s stock after selling 35 shares during the period. Integrated Wealth Concepts LLC’s holdings in Monolithic Power Systems were worth $1,279,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. FMR LLC increased its holdings in Monolithic Power Systems by 11.4% in the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after buying an additional 361,416 shares during the period. The Manufacturers Life Insurance Company increased its stake in Monolithic Power Systems by 311.8% in the second quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock valued at $153,319,000 after acquiring an additional 141,277 shares during the period. Canada Pension Plan Investment Board raised its position in Monolithic Power Systems by 1,947.1% in the second quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock worth $117,826,000 after purchasing an additional 136,391 shares in the last quarter. International Assets Investment Management LLC raised its position in Monolithic Power Systems by 92,842.9% in the third quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock worth $114,281,000 after purchasing an additional 123,481 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in Monolithic Power Systems by 14,315.6% during the third quarter. Jennison Associates LLC now owns 101,918 shares of the semiconductor company’s stock worth $94,223,000 after purchasing an additional 101,211 shares during the period. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MPWR shares. Stifel Nicolaus increased their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, September 27th. 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. KeyCorp reduced their target price on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Loop Capital upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 target price for the company in a research report on Monday, November 18th. Finally, Oppenheimer restated an “outperform” rating and issued a $900.00 price target on shares of Monolithic Power Systems in a research report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $840.36.

Insiders Place Their Bets

In related news, CFO Theodore Blegen sold 734 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the sale, the chief financial officer now directly owns 55,944 shares in the company, valued at $42,805,551.60. This trade represents a 1.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the transaction, the executive vice president now directly owns 103,829 shares in the company, valued at $96,518,400.11. The trade was a 9.58 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,600 shares of company stock valued at $15,653,021. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $589.68 on Monday. The stock has a market capitalization of $28.76 billion, a P/E ratio of 66.48, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64. The stock has a fifty day moving average of $761.58 and a 200-day moving average of $812.69.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The firm had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.85%. Monolithic Power Systems’s payout ratio is presently 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.