Kestra Advisory Services LLC Sells 531 Shares of Monolithic Power Systems, Inc. $MPWR

Kestra Advisory Services LLC reduced its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 27.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,398 shares of the semiconductor company’s stock after selling 531 shares during the quarter. Kestra Advisory Services LLC’s holdings in Monolithic Power Systems were worth $1,528,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fideuram Asset Management Ireland dac purchased a new position in Monolithic Power Systems during the 4th quarter valued at about $3,983,000. Merit Financial Group LLC lifted its position in shares of Monolithic Power Systems by 183.9% in the 4th quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock worth $2,499,000 after purchasing an additional 1,786 shares during the period. Mirabaud Asset Management Ltd purchased a new stake in shares of Monolithic Power Systems in the 4th quarter worth approximately $4,424,000. B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Monolithic Power Systems by 45.9% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 2,448 shares of the semiconductor company’s stock valued at $2,219,000 after purchasing an additional 770 shares in the last quarter. Finally, Generate Investment Management Ltd purchased a new position in Monolithic Power Systems during the fourth quarter valued at approximately $9,364,000. 93.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on MPWR. TD Cowen boosted their price objective on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a research report on Friday, May 1st. Rosenblatt Securities lifted their price target on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. Finally, Stifel Nicolaus upped their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,585.83.

Monolithic Power Systems Stock Up 4.1%

NASDAQ:MPWR opened at $1,383.26 on Wednesday. The stock has a market capitalization of $67.96 billion, a price-to-earnings ratio of 99.73, a PEG ratio of 2.37 and a beta of 1.71. Monolithic Power Systems, Inc. has a 52 week low of $702.32 and a 52 week high of $1,714.09. The firm has a 50 day moving average of $1,475.16 and a 200 day moving average of $1,294.91.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.20. The business had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same period in the previous year, the company earned $4.04 earnings per share. As a group, analysts expect that Monolithic Power Systems, Inc. will post 20.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 57.68%.

Insider Activity

In related news, EVP Saria Tseng sold 7,565 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the transaction, the executive vice president directly owned 144,218 shares of the company’s stock, valued at $245,170,600. This represents a 4.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeff Zhou sold 1,014 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1,587.06, for a total value of $1,609,278.84. Following the transaction, the director directly owned 4,786 shares in the company, valued at $7,595,669.16. This represents a 17.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 69,370 shares of company stock worth $112,702,503 over the last quarter. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Company Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.