Kestra Advisory Services LLC Sells 531 Shares of Monolithic Power Systems, Inc. $MPWR

Kestra Advisory Services LLC trimmed its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 27.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,398 shares of the semiconductor company’s stock after selling 531 shares during the period. Kestra Advisory Services LLC’s holdings in Monolithic Power Systems were worth $1,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MPWR. CFS Investment Advisory Services LLC bought a new stake in Monolithic Power Systems in the first quarter worth $150,000. Oregon Public Employees Retirement Fund lifted its position in Monolithic Power Systems by 2.1% during the first quarter. Oregon Public Employees Retirement Fund now owns 5,591 shares of the semiconductor company’s stock valued at $6,113,000 after purchasing an additional 116 shares during the last quarter. Frank Rimerman Advisors LLC grew its stake in shares of Monolithic Power Systems by 5.2% in the 1st quarter. Frank Rimerman Advisors LLC now owns 361 shares of the semiconductor company’s stock worth $395,000 after buying an additional 18 shares in the last quarter. Childress Capital Advisors LLC purchased a new position in shares of Monolithic Power Systems in the 1st quarter worth $218,000. Finally, Clearwave Capital LLC bought a new stake in shares of Monolithic Power Systems in the 1st quarter worth about $374,000. 93.46% of the stock is currently owned by institutional investors.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Eugen J. Elmiger sold 12,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the transaction, the director owned 5,402 shares of the company’s stock, valued at $8,561,953.92. This represents a 68.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Deming Xiao sold 30,000 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the completion of the sale, the executive vice president owned 205,959 shares in the company, valued at approximately $340,769,463.45. The trade was a 12.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 69,370 shares of company stock worth $112,702,503 over the last quarter. 3.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MPWR has been the topic of several recent research reports. KeyCorp upped their target price on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Finally, Wells Fargo & Company lowered their price objective on Monolithic Power Systems from $1,860.00 to $1,700.00 and set an “overweight” rating for the company in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,585.83.

Monolithic Power Systems Trading Up 4.1%

Shares of NASDAQ:MPWR opened at $1,383.26 on Wednesday. Monolithic Power Systems, Inc. has a 12 month low of $702.32 and a 12 month high of $1,714.09. The company has a market capitalization of $67.96 billion, a price-to-earnings ratio of 99.73, a PEG ratio of 2.37 and a beta of 1.71. The firm’s 50-day moving average is $1,475.16 and its 200 day moving average is $1,294.91.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.90 by $0.20. The business had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.04 earnings per share. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 20.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 57.68%.

Monolithic Power Systems Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.