Curi RMB Capital LLC Has $30.25 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Curi RMB Capital LLC reduced its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 25.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,722 shares of the semiconductor company's stock after selling 11,449 shares during the quarter. Curi RMB Capital LLC owned about 0.07% of Monolithic Power Systems worth $30,252,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MPWR. Concurrent Investment Advisors LLC lifted its stake in Monolithic Power Systems by 11.0% during the first quarter. Concurrent Investment Advisors LLC now owns 363 shares of the semiconductor company's stock valued at $246,000 after purchasing an additional 36 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Monolithic Power Systems by 11.8% during the 1st quarter. ProShare Advisors LLC now owns 14,055 shares of the semiconductor company's stock worth $9,521,000 after acquiring an additional 1,489 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of Monolithic Power Systems in the 1st quarter worth $1,173,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Monolithic Power Systems by 61.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,967 shares of the semiconductor company's stock worth $2,010,000 after purchasing an additional 1,124 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Monolithic Power Systems by 19.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company's stock valued at $37,583,000 after purchasing an additional 9,125 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Monolithic Power Systems

In related 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 transaction of $2,260,500.00. Following the completion of the sale, the chief financial officer now directly owns 61,678 shares of the company's stock, valued at approximately $55,769,247.60. This represents a 3.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 9,259 shares of Monolithic Power Systems stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the completion of 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. In the last quarter, insiders sold 39,359 shares of company stock worth $36,209,571. 3.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MPWR. Oppenheimer reissued an "outperform" rating and issued a $900.00 price target on shares of Monolithic Power Systems in a research note on Monday. KeyCorp boosted their price target on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Stifel Nicolaus raised their price objective 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. Needham & Company LLC reissued a "buy" rating and set a $950.00 target price on shares of Monolithic Power Systems in a research note on Tuesday. Finally, Raymond James raised their target price 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. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $916.73.

Monolithic Power Systems Trading Down 4.1 %

NASDAQ MPWR traded down $24.68 on Thursday, reaching $576.79. The stock had a trading volume of 2,087,668 shares, compared to its average volume of 589,006. Monolithic Power Systems, Inc. has a 1 year low of $532.86 and a 1 year high of $959.64. The business has a 50 day moving average price of $866.42 and a 200 day moving average price of $828.49. The company has a market capitalization of $28.14 billion, a price-to-earnings ratio of 64.88, a P/E/G ratio of 3.07 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 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 return on equity of 20.44% and a net margin of 21.29%. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

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

Monolithic Power Systems Company 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.