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

KBC Group NV grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,826 shares of the semiconductor company's stock after buying an additional 1,234 shares during the quarter. KBC Group NV's holdings in Monolithic Power Systems were worth $21,102,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC grew its holdings in shares of Monolithic Power Systems by 3.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company's stock valued at $268,000 after purchasing an additional 12 shares during the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Monolithic Power Systems by 1.4% during the second quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company's stock worth $731,000 after buying an additional 12 shares in the last quarter. Outlook Wealth Advisors LLC lifted its stake in shares of Monolithic Power Systems by 2.5% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company's stock valued at $461,000 after acquiring an additional 12 shares during the last quarter. Greenleaf Trust boosted its holdings in shares of Monolithic Power Systems by 1.5% during the 3rd quarter. Greenleaf Trust now owns 979 shares of the semiconductor company's stock valued at $905,000 after acquiring an additional 14 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its position in Monolithic Power Systems by 4.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company's stock worth $285,000 after acquiring an additional 14 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. KeyCorp lifted their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Loop Capital started coverage on Monolithic Power Systems in a research note on Monday, November 11th. They issued a "hold" rating and a $660.00 price target for the company. TD Cowen dropped 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. Oppenheimer reaffirmed an "outperform" rating and set a $900.00 price target on shares of Monolithic Power Systems in a research report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a "buy" 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $916.73.

Monolithic Power Systems Stock Down 0.6 %

MPWR traded down $3.41 during trading on Friday, hitting $573.38. 1,622,831 shares of the company's stock were exchanged, compared to its average volume of 593,631. Monolithic Power Systems, Inc. has a fifty-two week low of $532.86 and a fifty-two week high of $959.64. The stock has a market cap of $27.97 billion, a P/E ratio of 64.64, a PEG ratio of 2.86 and a beta of 1.15. The business's 50 day moving average is $856.47 and its two-hundred day moving average is $827.10.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The business had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. On average, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.25 dividend. The ex-dividend date 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 presently 56.37%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of the business's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $929.59, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Deming Xiao sold 866 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the completion of the transaction, the executive vice president now owns 162,239 shares of the company's stock, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,359 shares of company stock valued at $36,209,571 over the last 90 days. Insiders own 3.70% of the company's stock.

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.