KP Management LLC Has $5.75 Million Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

KP Management LLC trimmed its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 12.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,000 shares of the semiconductor company’s stock after selling 1,000 shares during the quarter. Monolithic Power Systems comprises about 2.0% of KP Management LLC’s investment portfolio, making the stock its 14th largest holding. KP Management LLC’s holdings in Monolithic Power Systems were worth $5,752,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the 2nd quarter worth $3,292,000. KPP Advisory Services LLC raised its position in shares of Monolithic Power Systems by 12.6% in the 2nd quarter. KPP Advisory Services LLC now owns 520 shares of the semiconductor company’s stock valued at $427,000 after buying an additional 58 shares in the last quarter. New Century Financial Group LLC boosted its position in shares of Monolithic Power Systems by 27.6% during the 2nd quarter. New Century Financial Group LLC now owns 545 shares of the semiconductor company’s stock worth $448,000 after acquiring an additional 118 shares in the last quarter. Cetera Investment Advisers raised its position in Monolithic Power Systems by 4.0% during the second quarter. Cetera Investment Advisers now owns 7,038 shares of the semiconductor company’s stock valued at $5,784,000 after purchasing an additional 272 shares in the last quarter. Finally, Advisory Alpha LLC acquired a new stake in shares of Monolithic Power Systems in the 2nd quarter valued at $268,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 10,999 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $843.83, for a total value of $9,281,286.17. Following the sale, the executive vice president now directly owns 118,876 shares of the company’s stock, valued at approximately $100,311,135.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,034 shares of company stock worth $48,181,625. 3.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MPWR has been the topic of several research analyst reports. Rosenblatt Securities raised their price objective on Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Oppenheimer upped their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. TD Cowen upgraded shares of Monolithic Power Systems to a “strong-buy” rating in a report on Monday, September 16th. Finally, Needham & Company LLC raised their price objective on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Monday, August 5th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems has an average rating of “Buy” and a consensus price target of $952.30.

Monolithic Power Systems Stock Down 3.5 %

Shares of Monolithic Power Systems stock opened at $891.81 on Wednesday. The stock has a market cap of $43.41 billion, a price-to-earnings ratio of 106.29, a P/E/G ratio of 4.13 and a beta of 1.12. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $959.64. The company’s fifty day moving average is $870.56 and its 200 day moving average is $785.13.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The firm had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. During the same quarter in the previous year, the company posted $2.05 EPS. The business’s revenue was up 15.0% on a year-over-year basis. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

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.