Cynosure Group LLC Has $435,000 Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Cynosure Group LLC trimmed its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 10.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 471 shares of the semiconductor company’s stock after selling 54 shares during the period. Cynosure Group LLC’s holdings in Monolithic Power Systems were worth $435,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avestar Capital LLC bought a new position in shares of Monolithic Power Systems in the 3rd quarter valued at about $244,000. Brooklyn Investment Group bought a new stake in shares of Monolithic Power Systems during the 3rd quarter worth about $104,000. D.A. Davidson & CO. grew its stake in Monolithic Power Systems by 5.1% in the 3rd quarter. D.A. Davidson & CO. now owns 390 shares of the semiconductor company’s stock valued at $361,000 after buying an additional 19 shares during the last quarter. FMR LLC raised its holdings in Monolithic Power Systems by 11.4% in the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after acquiring an additional 361,416 shares during the period. Finally, West Tower Group LLC bought a new position in Monolithic Power Systems in the 3rd quarter valued at about $277,000. 93.46% of the stock is owned by institutional investors.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was 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 approximately $55,769,247.60. This trade represents a 3.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the sale, the executive vice president now directly owns 162,239 shares in the company, valued at $124,135,548.46. The trade was a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,100 shares of company stock worth $17,913,521. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Down 2.1 %

Shares of MPWR stock opened at $560.24 on Thursday. Monolithic Power Systems, Inc. has a twelve month low of $538.00 and a twelve month high of $959.64. The business has a fifty day simple moving average of $808.70 and a 200 day simple moving average of $819.98. The company has a market cap of $27.33 billion, a P/E ratio of 63.16, a P/E/G ratio of 2.86 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly 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 company had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.89%. Monolithic Power Systems’s payout ratio is presently 56.37%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MPWR. Wells Fargo & Company started coverage on Monolithic Power Systems in a report on Friday, November 22nd. They set an “equal weight” rating and a $610.00 price objective for the company. Raymond James increased their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Needham & Company LLC reduced their target price on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Stifel Nicolaus lifted their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. 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 MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $840.36.

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.