Kestra Private Wealth Services LLC Trims Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Posted by Defense World Staff on Apr 21st, 2023

Kestra Private Wealth Services LLC lessened its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Rating) by 54.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 748 shares of the semiconductor company’s stock after selling 908 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Monolithic Power Systems were worth $265,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. JB Capital LLC raised its position in shares of Monolithic Power Systems by 1.8% during the 4th quarter. JB Capital LLC now owns 1,368 shares of the semiconductor company’s stock valued at $484,000 after buying an additional 24 shares during the period. Inspire Investing LLC increased its holdings in Monolithic Power Systems by 3.7% in the 3rd quarter. Inspire Investing LLC now owns 808 shares of the semiconductor company’s stock valued at $294,000 after purchasing an additional 29 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Monolithic Power Systems by 0.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,411 shares of the semiconductor company’s stock valued at $1,206,000 after purchasing an additional 29 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Monolithic Power Systems by 40.0% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 105 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 30 shares during the last quarter. Finally, Utah Retirement Systems increased its holdings in Monolithic Power Systems by 0.4% in the 1st quarter. Utah Retirement Systems now owns 8,126 shares of the semiconductor company’s stock valued at $3,947,000 after purchasing an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Insider Buying and Selling

In related news, insider Deming Xiao sold 10,243 shares of the business’s stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $430.00, for a total value of $4,404,490.00. Following the completion of the sale, the insider now directly owns 251,677 shares of the company’s stock, valued at $108,221,110. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Deming Xiao sold 10,243 shares of the business’s stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $430.00, for a total value of $4,404,490.00. Following the completion of the sale, the insider now directly owns 251,677 shares of the company’s stock, valued at $108,221,110. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael Hsing sold 11,100 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $487.99, for a total transaction of $5,416,689.00. Following the completion of the sale, the chief executive officer now directly owns 1,050,049 shares of the company’s stock, valued at $512,413,411.51. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,705 shares of company stock worth $44,122,643. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MPWR shares. Credit Suisse Group lifted their target price on shares of Monolithic Power Systems from $475.00 to $580.00 and gave the company an “outperform” rating in a report on Thursday, February 9th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Monolithic Power Systems from $435.00 to $505.00 in a report on Thursday, February 9th. Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $450.00 to $525.00 and gave the company a “buy” rating in a report on Thursday, February 9th. Cowen boosted their price target on shares of Monolithic Power Systems from $490.00 to $550.00 and gave the stock an “outperform” rating in a research note on Thursday, February 9th. Finally, StockNews.com started coverage on shares of Monolithic Power Systems in a research note on Thursday, March 16th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $543.00.

Monolithic Power Systems Trading Up 0.6 %

Shares of MPWR stock opened at $466.42 on Friday. The firm has a fifty day moving average price of $489.48 and a 200 day moving average price of $415.22. The company has a market cap of $22.07 billion, a P/E ratio of 51.60, a PEG ratio of 1.84 and a beta of 1.13. Monolithic Power Systems, Inc. has a 12 month low of $301.69 and a 12 month high of $541.39.

Monolithic Power Systems (NASDAQ:MPWR – Get Rating) last issued its earnings results on Wednesday, February 8th. The semiconductor company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.02. The firm had revenue of $460.01 million during the quarter, compared to the consensus estimate of $459.94 million. Monolithic Power Systems had a net margin of 24.39% and a return on equity of 30.22%. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 10.34 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.86%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.75. Monolithic Power Systems’s payout ratio is presently 44.25%.

Monolithic Power Systems Company Profile

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Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.