Nicolet Advisory Services LLC Lowers Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Nicolet Advisory Services LLC reduced its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 9.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 975 shares of the semiconductor company’s stock after selling 102 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Monolithic Power Systems were worth $900,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MPWR. Family Firm Inc. acquired a new position in shares of Monolithic Power Systems during the 2nd quarter valued at about $25,000. NBC Securities Inc. boosted its position in shares of Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 26 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in 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 valued at $32,000 after purchasing an additional 34 shares during the period. Atwood & Palmer Inc. acquired a new position in Monolithic Power Systems during the second quarter worth approximately $33,000. Finally, Crewe Advisors LLC raised its stake in Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on MPWR. Raymond James boosted their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Loop Capital upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price target for the company in a research note on Monday, November 18th. Stifel Nicolaus lifted their price objective 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, Needham & Company LLC decreased their target price on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a report on Friday. Two 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 presently has an average rating of “Moderate Buy” and an average price target of $840.36.

Insider Activity

In other news, EVP Deming Xiao sold 9,259 shares of the stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction 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 approximately $42,805,551.60. This trade represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,359 shares of company stock worth $26,709,571 over the last ninety days. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $580.81 on Friday. Monolithic Power Systems, Inc. has a one year low of $538.00 and a one year high of $959.64. The stock’s 50 day moving average price is $826.30 and its 200 day moving average price is $821.87. The firm has a market capitalization of $28.33 billion, a PE ratio of 65.48, a price-to-earnings-growth ratio of 2.73 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The firm had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. On average, analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.86%. Monolithic Power Systems’s payout ratio is currently 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.