Financial Counselors Inc. Sells 2,023 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Financial Counselors Inc. lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 23.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,753 shares of the semiconductor company’s stock after selling 2,023 shares during the period. Financial Counselors Inc.’s holdings in Monolithic Power Systems were worth $6,243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. boosted its holdings in Monolithic Power Systems by 6.6% in the third quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock worth $16,259,000 after acquiring an additional 1,082 shares in the last quarter. EULAV Asset Management boosted its holdings in Monolithic Power Systems by 8.6% in the third quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company’s stock worth $100,099,000 after acquiring an additional 8,600 shares in the last quarter. Empowered Funds LLC boosted its holdings in Monolithic Power Systems by 29.0% in the third quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock worth $3,741,000 after acquiring an additional 909 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Monolithic Power Systems by 237.3% in the first quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock worth $4,583,000 after acquiring an additional 4,760 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its holdings in Monolithic Power Systems by 1,118.2% in the third quarter. Mizuho Securities USA LLC now owns 45,733 shares of the semiconductor company’s stock worth $42,280,000 after acquiring an additional 41,979 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MPWR. Raymond James raised their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Wells Fargo & Company began coverage on Monolithic Power Systems in a report on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 target price on the stock. Oppenheimer restated an “outperform” rating and issued a $900.00 target price on shares of Monolithic Power Systems in a report on Monday, November 11th. Truist Financial restated a “buy” rating and issued a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Finally, Loop Capital upgraded 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. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $840.36.

Insider Activity

In other news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction 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 approximately $55,769,247.60. The trade was a 3.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction on Friday, November 8th. The shares were 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 three months, insiders sold 20,100 shares of company stock worth $17,913,521. 3.70% of the stock is owned by corporate insiders.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $560.24 on Friday. The business has a fifty day simple moving average of $801.68 and a two-hundred day simple moving average of $818.17. Monolithic Power Systems, Inc. has a 1 year low of $538.00 and a 1 year high of $959.64. The company has a market capitalization of $27.33 billion, a P/E ratio of 63.16, a P/E/G ratio of 2.67 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last released its 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). 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 analysts’ expectations of $600.10 million. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) 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.