Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. cut its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 10.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,775 shares of the semiconductor company’s stock after selling 460 shares during the period. Coldstream Capital Management Inc.’s holdings in Monolithic Power Systems were worth $3,464,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Family Firm Inc. acquired a new position in shares of Monolithic Power Systems during the second quarter worth approximately $25,000. NBC Securities Inc. boosted its position in shares of Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after buying an additional 26 shares during the period. Wolff Wiese Magana LLC boosted its position in shares of Monolithic Power Systems by 3,400.0% during the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after buying an additional 34 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Monolithic Power Systems during the third quarter worth approximately $36,000. Finally, Crewe Advisors LLC boosted its position in shares of Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MPWR. Oppenheimer reissued an “outperform” rating and set a $900.00 target price on shares of Monolithic Power Systems in a report on Monday, November 11th. TD Cowen dropped their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC dropped their price target on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Stifel Nicolaus upped their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Loop Capital upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective on the stock in a research report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $840.36.

Monolithic Power Systems Stock Down 2.4 %

Monolithic Power Systems stock opened at $595.32 on Wednesday. The company’s fifty day simple moving average is $749.35 and its 200-day simple moving average is $810.61. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The stock has a market cap of $29.04 billion, a P/E ratio of 67.12, a P/E/G ratio of 2.81 and a beta of 1.05.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 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 company had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the transaction, the executive vice president now owns 162,239 shares of the company’s stock, valued at $124,135,548.46. The trade was a 0.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Theodore Blegen sold 734 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.15, for a total transaction of $561,620.10. Following the transaction, the chief financial officer now directly owns 55,944 shares of the company’s stock, valued at approximately $42,805,551.60. This represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,600 shares of company stock worth $15,653,021. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems 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.