Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Holdings Reduced by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC cut its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 68.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258 shares of the semiconductor company’s stock after selling 570 shares during the period. Icon Wealth Advisors LLC’s holdings in Monolithic Power Systems were worth $229,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Family Firm Inc. bought a new stake in Monolithic Power Systems in the second quarter worth approximately $25,000. NBC Securities Inc. boosted its holdings in Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 26 shares in the last quarter. Wolff Wiese Magana LLC increased its position in Monolithic Power Systems by 3,400.0% during the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after buying an additional 34 shares during the last quarter. Atwood & Palmer Inc. bought a new position in Monolithic Power Systems during the second quarter valued at about $33,000. Finally, Crewe Advisors LLC lifted its position in shares of Monolithic Power Systems by 126.3% in the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Up 1.5 %

Shares of MPWR opened at $580.81 on Friday. The stock’s 50-day moving average price is $826.30 and its 200 day moving average price is $821.87. The firm has a market capitalization of $28.33 billion, a price-to-earnings ratio of 65.48, a P/E/G ratio of 2.73 and a beta of 1.15. Monolithic Power Systems, Inc. has a 12-month low of $538.00 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its 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). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The business had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. Equities research analysts expect that Monolithic Power Systems, Inc. will post 10.46 EPS 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 paid a dividend of $1.25 per share. The ex-dividend date was Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.86%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Analyst Ratings Changes

A number of brokerages recently weighed in on MPWR. Wells Fargo & Company started coverage on Monolithic Power Systems in a research note on Friday. They issued an “equal weight” rating and a $610.00 price objective on the stock. KeyCorp dropped their price target on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. 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. Loop Capital upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 target price on the stock in a report on Monday, November 18th. Finally, Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $840.36.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the completion of the sale, the executive vice president now owns 103,829 shares of the company’s stock, valued at approximately $96,518,400.11. This trade represents a 9.58 % 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 business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00. Following the completion of the transaction, the chief financial officer now directly owns 61,678 shares in the company, valued at $55,769,247.60. The trade was a 3.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,359 shares of company stock valued at $26,709,571. 3.70% of the stock is currently owned by company 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.