Vantage Investment Partners LLC Has $30.71 Million Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Vantage Investment Partners LLC cut its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,217 shares of the semiconductor company's stock after selling 1,488 shares during the period. Monolithic Power Systems accounts for approximately 2.6% of Vantage Investment Partners LLC's portfolio, making the stock its 17th largest holding. Vantage Investment Partners LLC owned approximately 0.07% of Monolithic Power Systems worth $30,709,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Family Firm Inc. bought a new position in Monolithic Power Systems in the second quarter worth $25,000. NBC Securities Inc. raised its stake in Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC increased its stake in Monolithic Power Systems by 3,400.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 34 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Monolithic Power Systems in the 3rd quarter worth approximately $36,000. Finally, Atwood & Palmer Inc. purchased a new position in Monolithic Power Systems during the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR traded down $3.21 during mid-day trading on Tuesday, reaching $644.10. The company had a trading volume of 2,652,183 shares, compared to its average volume of 577,510. Monolithic Power Systems, Inc. has a 12-month low of $500.54 and a 12-month high of $959.64. The stock has a fifty day moving average of $871.40 and a two-hundred day moving average of $830.09. The company has a market capitalization of $31.42 billion, a price-to-earnings ratio of 72.62, a PEG ratio of 3.62 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.05). The company had revenue of $620.12 million for 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%. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $1.25 per share. 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 0.78%. Monolithic Power Systems's dividend payout ratio is 56.37%.

Analysts Set New Price Targets

MPWR has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $950.00 target price on shares of Monolithic Power Systems in a research report on Tuesday. TD Cowen lowered their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lifted 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. KeyCorp lifted their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Finally, Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $916.73.

Insider Buying and Selling

In other news, CFO Theodore Blegen sold 2,500 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $772.96, for a total value of $1,932,400.00. Following the completion of the transaction, the chief financial officer now owns 56,678 shares in the company, valued at $43,809,826.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $772.96, for a total value of $1,932,400.00. Following the sale, the chief financial officer now directly owns 56,678 shares in the company, valued at approximately $43,809,826.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Deming Xiao sold 10,000 shares of the firm's stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total value of $9,500,000.00. Following the completion of the sale, the executive vice president now directly owns 29,714 shares of the company's stock, valued at $28,228,300. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,759 shares of company stock worth $34,985,340 in the last ninety days. 3.70% of the stock is owned by insiders.

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.