Oppenheimer Asset Management Inc. Lowers Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Oppenheimer Asset Management Inc. decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 39.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,165 shares of the semiconductor company's stock after selling 1,386 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Monolithic Power Systems were worth $2,002,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Family Firm Inc. bought a new stake in shares of Monolithic Power Systems during the 2nd quarter worth $25,000. NBC Securities Inc. lifted its position in shares of Monolithic Power Systems by 433.3% in the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock worth $29,000 after buying 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 valued at $32,000 after acquiring an additional 34 shares during the period. Ashton Thomas Securities LLC purchased a new position in Monolithic Power Systems during the 3rd quarter worth $36,000. Finally, Atwood & Palmer Inc. bought a new position in Monolithic Power Systems in the second quarter worth about $33,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MPWR has been the topic of several research analyst reports. Raymond James raised their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. Stifel Nicolaus lifted their price target on 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 issued a $950.00 target price on shares of Monolithic Power Systems in a research note on Tuesday, November 12th. TD Cowen cut their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Finally, KeyCorp boosted their price objective on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $916.73.

Monolithic Power Systems Price Performance

MPWR stock traded down $3.41 during midday trading on Friday, reaching $573.38. The company had a trading volume of 1,622,831 shares, compared to its average volume of 1,185,315. The firm has a 50-day moving average price of $856.47 and a 200-day moving average price of $827.10. Monolithic Power Systems, Inc. has a 1 year low of $532.86 and a 1 year high of $959.64. The company has a market capitalization of $27.97 billion, a P/E ratio of 64.64, a P/E/G ratio of 2.73 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $600.10 million. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Dividend Announcement

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

Insider Buying and Selling

In other news, EVP Deming Xiao sold 866 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the sale, the executive vice president now owns 162,239 shares in the company, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the completion of the transaction, the chief financial officer now owns 55,944 shares of the company's stock, valued at $42,805,551.60. The trade was a 1.30 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,359 shares of company stock worth $36,209,571. Corporate 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.