Oppenheimer Asset Management Inc. Has $2 Million Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Oppenheimer Asset Management Inc. decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) by 39.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,165 shares of the semiconductor company’s stock after selling 1,386 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Monolithic Power Systems were worth $2,002,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Family Firm Inc. acquired a new position in Monolithic Power Systems in the 2nd quarter valued at approximately $25,000. NBC Securities Inc. grew its holdings 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 in the last quarter. Wolff Wiese Magana LLC increased its stake 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 worth $32,000 after acquiring an additional 34 shares during the last quarter. Atwood & Palmer Inc. purchased a new stake in shares of Monolithic Power Systems during the second quarter worth $33,000. Finally, Crewe Advisors LLC boosted its position in Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. KeyCorp raised their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Stifel Nicolaus lifted their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Oppenheimer reissued an “outperform” rating and issued a $900.00 target price on shares of Monolithic Power Systems in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $950.00 price objective on shares of Monolithic Power Systems in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average target price of $916.73.

View Our Latest Research Report on MPWR

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $573.38 on Friday. The stock’s 50-day moving average is $856.47 and its 200-day moving average is $827.10. The company has a market cap of $27.97 billion, a P/E ratio of 64.64, a P/E/G ratio of 2.86 and a beta of 1.15. Monolithic Power Systems, Inc. has a 52-week low of $532.86 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate 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 business had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. As a group, equities analysts predict 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. Shareholders of record on Monday, September 30th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Insiders Place Their Bets

In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total value of $2,260,500.00. Following the completion of the sale, the chief financial officer now owns 61,678 shares in the company, valued at approximately $55,769,247.60. This trade represents a 3.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 10,000 shares of the business’s 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 transaction, the executive vice president now owns 29,714 shares in the company, 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 have sold 39,359 shares of company stock worth $36,209,571 in the last ninety days. Insiders own 3.70% of the company’s stock.

About Monolithic Power Systems

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.