Icon Wealth Advisors LLC Has $229,000 Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Icon Wealth Advisors LLC lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 68.8% in the third quarter, according to the company in its most recent disclosure 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 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC raised its position in shares of Monolithic Power Systems by 52.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,629 shares of the semiconductor company’s stock worth $1,104,000 after acquiring an additional 561 shares during the last quarter. LRI Investments LLC acquired a new stake in Monolithic Power Systems in the first quarter worth about $132,000. Lazard Asset Management LLC raised its holdings in Monolithic Power Systems by 21,460.0% during the 1st quarter. Lazard Asset Management LLC now owns 1,078 shares of the semiconductor company’s stock worth $730,000 after purchasing an additional 1,073 shares during the last quarter. BOKF NA lifted its position in Monolithic Power Systems by 18,303.3% during the 1st quarter. BOKF NA now owns 5,521 shares of the semiconductor company’s stock valued at $3,691,000 after purchasing an additional 5,491 shares during the period. Finally, SVB Wealth LLC bought a new position in shares of Monolithic Power Systems in the 1st quarter valued at about $211,000. Institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in 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 on the stock in a report on Friday. Truist Financial reissued a “buy” rating and issued a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Oppenheimer restated an “outperform” rating and issued a $900.00 price target on shares of Monolithic Power Systems in a research report on Monday, November 11th. Stifel Nicolaus increased their target price on 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. 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 equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $840.36.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $580.81 on Friday. The stock has a 50 day simple moving average of $826.30 and a 200 day simple moving average of $821.87. Monolithic Power Systems, Inc. has a 52-week low of $538.00 and a 52-week high of $959.64. The firm has a market capitalization of $28.33 billion, a PE ratio of 65.48, a P/E/G ratio of 2.73 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last released 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). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The company had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Equities research analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Insider Buying and Selling at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems 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 sale, the chief financial officer now owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. This trade represents a 3.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Deming Xiao sold 9,259 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the completion of the sale, the executive vice president now directly owns 20,455 shares in the company, valued at approximately $19,432,250. This represents a 31.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,359 shares of company stock valued at $26,709,571 in the last 90 days. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Company 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.