Curi RMB Capital LLC Reduces Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Curi RMB Capital LLC lessened its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 25.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,722 shares of the semiconductor company’s stock after selling 11,449 shares during the period. Curi RMB Capital LLC’s holdings in Monolithic Power Systems were worth $30,252,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MPWR. Concurrent Investment Advisors LLC grew its stake in Monolithic Power Systems by 11.0% in the first quarter. Concurrent Investment Advisors LLC now owns 363 shares of the semiconductor company’s stock worth $246,000 after purchasing an additional 36 shares during the period. ProShare Advisors LLC grew its holdings in Monolithic Power Systems by 11.8% in the first quarter. ProShare Advisors LLC now owns 14,055 shares of the semiconductor company’s stock worth $9,521,000 after purchasing an additional 1,489 shares during the period. Entropy Technologies LP bought a new position in shares of Monolithic Power Systems during the first quarter valued at approximately $1,173,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Monolithic Power Systems by 61.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,967 shares of the semiconductor company’s stock valued at $2,010,000 after purchasing an additional 1,124 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Monolithic Power Systems by 19.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock worth $37,583,000 after buying an additional 9,125 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Truist Financial reissued a “buy” rating and issued a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $950.00 target price on shares of Monolithic Power Systems in a research note on Tuesday. Stifel Nicolaus raised their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Raymond James upped their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, Rosenblatt Securities downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average target price of $916.73.

Monolithic Power Systems Price Performance

MPWR stock opened at $601.47 on Thursday. The company has a market cap of $29.34 billion, a P/E ratio of 67.81, a price-to-earnings-growth ratio of 3.07 and a beta of 1.15. Monolithic Power Systems, Inc. has a 1 year low of $523.64 and a 1 year high of $959.64. The stock’s fifty day moving average price is $866.42 and its 200-day moving average price is $828.49.

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). The firm had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. As a group, analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

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. The ex-dividend date was Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.83%. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.37%.

Insider Buying and Selling at Monolithic Power Systems

In related news, 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 transaction, the executive vice president now directly owns 29,714 shares of the company’s stock, valued at approximately $28,228,300. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Deming Xiao sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the completion of the transaction, the executive vice president now directly owns 29,714 shares in the company, valued at approximately $28,228,300. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the sale, the executive vice president now owns 103,829 shares in the company, valued at approximately $96,518,400.11. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,359 shares of company stock valued at $36,209,571. Insiders own 3.70% of the company’s stock.

About Monolithic Power Systems

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.