Oppenheimer & Co. Inc. Sells 998 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Oppenheimer & Co. Inc. decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 25.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,902 shares of the semiconductor company's stock after selling 998 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Monolithic Power Systems were worth $2,683,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Financial Partners Inc lifted its position in shares of Monolithic Power Systems by 1.6% during the third quarter. Pinnacle Financial Partners Inc now owns 12,317 shares of the semiconductor company's stock worth $11,387,000 after purchasing an additional 195 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Monolithic Power Systems by 27.0% during the third quarter. Victory Capital Management Inc. now owns 99,993 shares of the semiconductor company's stock worth $92,444,000 after purchasing an additional 21,240 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Monolithic Power Systems by 4.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company's stock valued at $285,000 after buying an additional 14 shares during the period. Rakuten Securities Inc. grew its position in shares of Monolithic Power Systems by 410.0% during the 3rd quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company's stock valued at $47,000 after buying an additional 41 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Monolithic Power Systems by 1.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 109,900 shares of the semiconductor company's stock worth $101,603,000 after acquiring an additional 1,802 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

MPWR traded down $3.41 during trading on Friday, hitting $573.38. The stock had a trading volume of 1,622,831 shares, compared to its average volume of 1,185,315. The firm has a market cap of $27.97 billion, a price-to-earnings ratio of 64.64, a P/E/G ratio of 2.73 and a beta of 1.15. The company 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 one year low of $532.86 and a one year high of $959.64.

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 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 company had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. As a group, sell-side analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company 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 was Monday, September 30th. Monolithic Power Systems's dividend payout ratio is currently 56.37%.

Wall Street Analyst Weigh In

MPWR has been the subject of several analyst reports. Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Raymond James raised their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. KeyCorp lifted their target price 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. Rosenblatt Securities downgraded Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price 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 equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $916.73.

Insider Buying and Selling

In related news, EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction that occurred 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 directly owns 162,239 shares in the company, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of the business's stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold 39,359 shares of company stock valued at $36,209,571 over the last quarter. Insiders own 3.70% of the company's stock.

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.