KBC Group NV Increases Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

KBC Group NV raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,826 shares of the semiconductor company’s stock after acquiring an additional 1,234 shares during the quarter. KBC Group NV’s holdings in Monolithic Power Systems were worth $21,102,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. lifted its stake in Monolithic Power Systems by 6.6% in the third quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock worth $16,259,000 after acquiring an additional 1,082 shares during the period. Cetera Investment Advisers lifted its position in shares of Monolithic Power Systems by 237.3% in the 1st quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock worth $4,583,000 after purchasing an additional 4,760 shares during the period. Czech National Bank boosted its stake in shares of Monolithic Power Systems by 9.8% during the 2nd quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock valued at $7,620,000 after purchasing an additional 824 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Monolithic Power Systems by 224.4% during the first quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock valued at $1,034,000 after buying an additional 1,057 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Monolithic Power Systems by 22.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,273 shares of the semiconductor company’s stock worth $2,690,000 after buying an additional 592 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on MPWR. KeyCorp lifted their price objective on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Loop Capital assumed coverage on Monolithic Power Systems in a report on Monday, November 11th. They issued a “hold” rating and a $660.00 price objective for the company. Rosenblatt Securities cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Oppenheimer reiterated an “outperform” rating and issued a $900.00 price target on shares of Monolithic Power Systems in a research note on Monday, November 11th. Finally, TD Cowen dropped their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $916.73.

Monolithic Power Systems Trading Down 0.6 %

Monolithic Power Systems stock opened at $573.38 on Friday. Monolithic Power Systems, Inc. has a 12 month low of $532.86 and a 12 month high of $959.64. The stock has a fifty day simple moving average of $856.47 and a two-hundred day simple moving average of $826.00. The firm has a market cap of $27.97 billion, a price-to-earnings ratio of 64.64, a PEG ratio of 2.86 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). The business had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.87%. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.37%.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the transaction, the executive vice president now owns 103,829 shares of the company’s stock, valued at approximately $96,518,400.11. The trade was a 9.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Deming Xiao sold 9,259 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the transaction, the executive vice president now owns 20,455 shares in the company, valued at $19,432,250. This trade represents a 31.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,359 shares of company stock worth $36,209,571 over the last quarter. 3.70% of the stock is currently owned by corporate insiders.

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.