Monolithic Power Systems, Inc. (NASDAQ:MPWR) Holdings Lowered by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,723 shares of the semiconductor company’s stock after selling 4,892 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Monolithic Power Systems were worth $50,591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC grew its position in Monolithic Power Systems by 5.4% during the 3rd quarter. RPg Family Wealth Advisory LLC now owns 3,345 shares of the semiconductor company’s stock worth $3,097,000 after purchasing an additional 172 shares in the last quarter. CreativeOne Wealth LLC grew its holdings in shares of Monolithic Power Systems by 265.8% during the third quarter. CreativeOne Wealth LLC now owns 1,869 shares of the semiconductor company’s stock valued at $1,728,000 after buying an additional 1,358 shares in the last quarter. Blueshift Asset Management LLC purchased a new position in shares of Monolithic Power Systems during the third quarter valued at $429,000. Avestar Capital LLC acquired a new position in Monolithic Power Systems during the third quarter valued at $244,000. Finally, Brooklyn Investment Group purchased a new stake in Monolithic Power Systems in the 3rd quarter worth about $104,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the topic of a number of research reports. Oppenheimer reiterated an “outperform” rating and issued a $900.00 target price on shares of Monolithic Power Systems in a report on Monday, November 11th. Wells Fargo & Company initiated coverage on shares of Monolithic Power Systems in a research report on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 target price for the company. Needham & Company LLC decreased their target price on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Raymond James boosted their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $840.36.

Monolithic Power Systems Stock Down 2.1 %

Shares of Monolithic Power Systems stock opened at $560.24 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $538.00 and a 12-month high of $959.64. The stock has a market capitalization of $27.33 billion, a P/E ratio of 63.16, a PEG ratio of 2.67 and a beta of 1.15. The stock has a 50 day moving average price of $801.68 and a two-hundred day moving average price of $818.17.

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

Monolithic Power Systems Announces Dividend

The firm also recently announced 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 0.89%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 56.37%.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’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 in the company, valued at $55,769,247.60. This trade represents a 3.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Deming Xiao sold 866 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the transaction, the executive vice president now directly owns 162,239 shares of the company’s stock, valued at $124,135,548.46. This represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,100 shares of company stock valued at $17,913,521 in the last three months. Company insiders own 3.70% of the company’s stock.

About Monolithic Power Systems

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.