Monolithic Power Systems, Inc. (NASDAQ:MPWR) Holdings Trimmed by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 19.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,527 shares of the semiconductor company’s stock after selling 2,086 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Monolithic Power Systems were worth $7,883,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Advisor Resource Council bought a new stake in shares of Monolithic Power Systems in the 3rd quarter worth approximately $275,000. Graypoint LLC increased its holdings in shares of Monolithic Power Systems by 3.9% in the third quarter. Graypoint LLC now owns 403 shares of the semiconductor company’s stock valued at $373,000 after buying an additional 15 shares in the last quarter. Catalina Capital Group LLC acquired a new stake in shares of Monolithic Power Systems during the 3rd quarter valued at $210,000. Crestwood Advisors Group LLC lifted its position in shares of Monolithic Power Systems by 15.9% during the 3rd quarter. Crestwood Advisors Group LLC now owns 291 shares of the semiconductor company’s stock valued at $269,000 after acquiring an additional 40 shares during the last quarter. Finally, United Advisor Group LLC acquired a new position in shares of Monolithic Power Systems in the 3rd quarter worth $303,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $775.21 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $480.43 and a 52-week high of $959.64. The firm has a market capitalization of $37.79 billion, a PE ratio of 87.40, a price-to-earnings-growth ratio of 3.68 and a beta of 1.15. The company’s fifty day moving average price is $884.50 and its two-hundred day moving average price is $826.47.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The business had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. Analysts predict that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s payout ratio is 56.37%.

Insider Buying and Selling

In other news, EVP Deming Xiao sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the completion of the sale, the executive vice president now owns 29,714 shares of the company’s stock, valued at approximately $28,228,300. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Monolithic Power Systems news, EVP Deming Xiao sold 10,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the sale, the executive vice president now owns 29,714 shares of the company’s stock, valued at $28,228,300. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the completion of the sale, the chief financial officer now owns 59,178 shares of the company’s stock, valued at $53,754,928.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,759 shares of company stock worth $34,985,340 in the last quarter. 3.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MPWR has been the topic of a number of analyst reports. Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Needham & Company LLC lowered their price target on shares of Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. KeyCorp raised their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Stifel Nicolaus increased their target price on shares of 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. Finally, Truist Financial reissued a “buy” rating and issued a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $942.40.

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.