KBC Group NV Buys 1,234 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

KBC Group NV raised its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.7% during the third quarter, HoldingsChannel.com reports. The firm owned 22,826 shares of the semiconductor company’s stock after buying an additional 1,234 shares during the period. KBC Group NV’s holdings in Monolithic Power Systems were worth $21,102,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Family Firm Inc. purchased a new position in shares of Monolithic Power Systems in the second quarter worth $25,000. NBC Securities Inc. grew its stake in shares of Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC grew its position in Monolithic Power Systems by 3,400.0% during the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 34 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Monolithic Power Systems in the 3rd quarter valued at about $36,000. Finally, Atwood & Palmer Inc. acquired a new position in shares of Monolithic Power Systems during the 2nd quarter worth approximately $33,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Monolithic Power Systems news, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.15, for a total transaction of $561,620.10. Following the completion of the sale, the chief financial officer now owns 55,944 shares of the company’s stock, valued at $42,805,551.60. This trade represents a 1.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Deming Xiao sold 866 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the transaction, the executive vice president now owns 162,239 shares in the company, valued at approximately $124,135,548.46. This trade represents a 0.53 % 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 90 days. 3.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MPWR. Needham & Company LLC reissued a “buy” rating and set a $950.00 target price on shares of Monolithic Power Systems in a report on Tuesday. TD Cowen decreased their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Raymond James raised their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Truist Financial reissued a “buy” rating and issued a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Finally, KeyCorp increased their price target on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $916.73.

Monolithic Power Systems Trading Down 0.6 %

Shares of MPWR opened at $573.38 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $532.86 and a twelve month high of $959.64. The firm has a market capitalization of $27.97 billion, a P/E ratio of 64.64, a price-to-earnings-growth ratio of 2.86 and a beta of 1.15. The stock’s fifty day simple moving average is $856.47 and its 200 day simple moving average is $826.00.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations 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 predict that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

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

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.