Kestra Investment Management LLC Invests $203,000 in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Kestra Investment Management LLC acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 220 shares of the semiconductor company’s stock, valued at approximately $203,000.

Other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in Monolithic Power Systems by 237.3% in the 1st quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock worth $4,583,000 after buying an additional 4,760 shares during the period. Cetera Advisors LLC boosted its stake in shares of Monolithic Power Systems by 37.7% in the first quarter. Cetera Advisors LLC now owns 1,246 shares of the semiconductor company’s stock worth $844,000 after acquiring an additional 341 shares during the period. Mather Group LLC. grew its position in shares of Monolithic Power Systems by 30.6% during the second quarter. Mather Group LLC. now owns 162 shares of the semiconductor company’s stock worth $133,000 after purchasing an additional 38 shares in the last quarter. Park Avenue Securities LLC raised its stake in Monolithic Power Systems by 4.2% during the 2nd quarter. Park Avenue Securities LLC now owns 3,494 shares of the semiconductor company’s stock valued at $2,871,000 after purchasing an additional 140 shares during the period. Finally, CWM LLC lifted its holdings in Monolithic Power Systems by 13.4% in the 2nd quarter. CWM LLC now owns 1,563 shares of the semiconductor company’s stock worth $1,284,000 after purchasing an additional 185 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Insider Transactions at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.15, for a total transaction of $561,620.10. Following the completion of the sale, the chief financial officer now 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 filing with the SEC, which is available through the SEC website. Also, EVP Deming Xiao sold 866 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the transaction, the executive vice president now owns 162,239 shares in the company, valued at $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,600 shares of company stock worth $15,653,021. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $582.85 on Wednesday. The firm has a market capitalization of $28.43 billion, a price-to-earnings ratio of 65.71, a PEG ratio of 2.76 and a beta of 1.05. The business has a 50 day simple moving average of $782.39 and a 200-day simple moving average of $816.42. Monolithic Power Systems, Inc. has a 1 year low of $545.92 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 20.44% and a net margin of 21.29%. As a group, analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.86%. Monolithic Power Systems’s dividend payout ratio is 56.37%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Needham & Company LLC cut their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a report on Friday, November 22nd. 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. Loop Capital upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price target on the stock in a research note on Monday, November 18th. KeyCorp cut their price objective on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Finally, Stifel Nicolaus boosted their target price on 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 issued a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus price target of $840.36.

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.