B. Metzler seel. Sohn & Co. Holding AG Invests $1.57 Million in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,698 shares of the semiconductor company’s stock, valued at approximately $1,570,000.

Other hedge funds have also recently made changes to their positions in the company. Family Firm Inc. bought a new position in shares of Monolithic Power Systems in the second quarter worth about $25,000. NBC Securities Inc. grew its holdings 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 purchasing an additional 26 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings 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. Ashton Thomas Securities LLC bought a new position in shares of Monolithic Power Systems in the third quarter worth about $36,000. Finally, Atwood & Palmer Inc. bought a new position in shares of Monolithic Power Systems in the second quarter worth about $33,000. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $580.81 on Friday. The business’s 50-day moving average is $832.97 and its 200 day moving average is $822.93. Monolithic Power Systems, Inc. has a 1 year low of $538.00 and a 1 year high of $959.64. The firm has a market capitalization of $28.33 billion, a P/E ratio of 65.48, a P/E/G ratio of 2.79 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its 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). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The business had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. On average, analysts expect that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. KeyCorp dropped their target price on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Stifel Nicolaus increased their price objective 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. Wells Fargo & Company began coverage on shares of Monolithic Power Systems in a research note on Friday. They issued an “equal weight” rating and a $610.00 price objective for the company. Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC reduced their price target on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research report on Friday. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average target price of $840.36.

Insider Activity at Monolithic Power Systems

In other news, EVP Deming Xiao sold 866 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the transaction, the executive vice president now directly owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total value of $2,260,500.00. Following the completion of the transaction, the chief financial officer now directly owns 61,678 shares in the company, valued at $55,769,247.60. This represents a 3.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,359 shares of company stock valued at $26,709,571 in the last ninety days. Corporate 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.