Kovitz Investment Group Partners LLC Boosts Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Kovitz Investment Group Partners LLC boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 75.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,102 shares of the semiconductor company's stock after acquiring an additional 1,332 shares during the period. Kovitz Investment Group Partners LLC's holdings in Monolithic Power Systems were worth $2,868,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new position in Monolithic Power Systems during the second quarter worth $25,000. NBC Securities Inc. increased its holdings in 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 in the last quarter. Wolff Wiese Magana LLC raised its stake in shares of Monolithic Power Systems by 3,400.0% in the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 34 shares during the last quarter. Crewe Advisors LLC boosted its position in shares of Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company's stock valued at $35,000 after buying an additional 24 shares during the last quarter. Finally, GHP Investment Advisors Inc. bought a new stake in Monolithic Power Systems during the second quarter worth $36,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Activity

In other news, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction dated Friday, November 8th. The stock was 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 in the company, valued at approximately $42,805,551.60. This trade represents a 1.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of the transaction, the executive vice president now directly owns 103,829 shares of the company's stock, valued at approximately $96,518,400.11. This represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,600 shares of company stock worth $15,653,021. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Price Performance

Shares of MPWR traded down $14.35 during trading hours on Tuesday, hitting $595.32. The company's stock had a trading volume of 941,727 shares, compared to its average volume of 620,190. The business has a 50 day simple moving average of $755.28 and a two-hundred day simple moving average of $811.73. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The company has a market cap of $29.04 billion, a price-to-earnings ratio of 67.28, a PEG ratio of 2.81 and a beta of 1.05.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts' consensus estimates of $3.04 by ($0.05). The business had revenue of $620.12 million during 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%. Research analysts predict that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems's payout ratio is 56.37%.

Analyst Ratings Changes

Several research firms have recently issued reports on MPWR. TD Cowen reduced their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. KeyCorp decreased their price objective on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating for the company in a research note on Monday, November 18th. Loop Capital raised shares of Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 target price on the stock in a research report on Monday, November 18th. Needham & Company LLC reduced their target price on Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating for the company in a report on Friday, November 22nd. Finally, Wells Fargo & Company initiated coverage on Monolithic Power Systems in a report on Friday, November 22nd. They set an "equal weight" rating and a $610.00 price target on the stock. 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 stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $840.36.

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.