KPP Advisory Services LLC Has $452,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

KPP Advisory Services LLC lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 489 shares of the semiconductor company’s stock after selling 31 shares during the quarter. KPP Advisory Services LLC’s holdings in Monolithic Power Systems were worth $452,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Family Firm Inc. bought a new stake in shares of Monolithic Power Systems during the 2nd quarter worth $25,000. NBC Securities Inc. boosted its holdings in Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 26 shares during the period. Wolff Wiese Magana LLC grew its position in shares of Monolithic Power Systems by 3,400.0% in the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 34 shares during the last quarter. Atwood & Palmer Inc. bought a new position in shares of Monolithic Power Systems in the second quarter worth about $33,000. Finally, Crewe Advisors LLC lifted its position 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 during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling

In other news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the sale, the chief financial officer now owns 59,178 shares in the company, valued at approximately $53,754,928.08. This represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Deming Xiao sold 10,000 shares of Monolithic Power Systems stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total value of $9,500,000.00. Following the completion of the transaction, the executive vice president now directly owns 29,714 shares of the company’s stock, valued at $28,228,300. This represents a 25.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,359 shares of company stock worth $36,209,571 in the last quarter. 3.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MPWR shares. Oppenheimer reaffirmed an “outperform” rating and issued a $900.00 target price on shares of Monolithic Power Systems in a report on Monday, November 11th. KeyCorp boosted 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 report on Friday, August 2nd. Stifel Nicolaus increased their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. Needham & Company LLC restated a “buy” rating and issued a $950.00 price target on shares of Monolithic Power Systems in a research report on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft upped 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. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $916.73.

Monolithic Power Systems Stock Down 0.6 %

NASDAQ MPWR opened at $573.38 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $532.86 and a twelve month high of $959.64. The stock has a market cap of $27.97 billion, a P/E ratio of 64.64, a PEG ratio of 2.73 and a beta of 1.15. The company’s 50-day simple moving average is $856.47 and its 200 day simple moving average is $827.10.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data 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 company 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%. Research analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s payout ratio is 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.