Financial Counselors Inc. Has $6.24 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Financial Counselors Inc. trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 23.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,753 shares of the semiconductor company’s stock after selling 2,023 shares during the quarter. Financial Counselors Inc.’s holdings in Monolithic Power Systems were worth $6,243,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MPWR. Family Firm Inc. bought a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at $25,000. NBC Securities Inc. lifted its position in shares of Monolithic Power Systems by 433.3% during the 3rd 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 lifted its position in shares of Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 34 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Monolithic Power Systems during the 3rd quarter valued at $36,000. Finally, Atwood & Palmer Inc. bought a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at $33,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Theodore Blegen sold 734 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was 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 of the company’s stock, valued at $42,805,551.60. This trade represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Deming Xiao sold 866 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the sale, the executive vice president now directly owns 162,239 shares of the company’s stock, valued at $124,135,548.46. This represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,100 shares of company stock valued at $17,913,521. Company insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MPWR shares. 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 report on Thursday, October 31st. Oppenheimer restated an “outperform” rating and set a $900.00 price objective on shares of Monolithic Power Systems in a research report on Monday, November 11th. Stifel Nicolaus upped their price objective 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. KeyCorp dropped 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, Deutsche Bank Aktiengesellschaft upped their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock 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 issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $840.36.

Monolithic Power Systems Stock Down 2.1 %

Shares of MPWR opened at $560.24 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $538.00 and a 12-month high of $959.64. The business has a 50-day simple moving average of $801.68 and a two-hundred day simple moving average of $818.17. The stock has a market cap of $27.33 billion, a PE ratio of 63.16, a PEG ratio of 2.67 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results 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 analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, 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 declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.89%. 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.