Kornitzer Capital Management Inc. KS Has $7.88 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Kornitzer Capital Management Inc. KS lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 19.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Nordea Investment Management AB grew its position in shares of Monolithic Power Systems by 25.8% during the 1st quarter. Nordea Investment Management AB now owns 3,759 shares of the semiconductor company’s stock worth $2,566,000 after buying an additional 771 shares during the period. Jennison Associates LLC increased its stake in Monolithic Power Systems by 36.0% in the first quarter. Jennison Associates LLC now owns 707 shares of the semiconductor company’s stock valued at $479,000 after purchasing an additional 187 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Monolithic Power Systems by 48.4% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 917 shares of the semiconductor company’s stock worth $621,000 after purchasing an additional 299 shares during the period. GSA Capital Partners LLP boosted its position in shares of Monolithic Power Systems by 96.2% during the first quarter. GSA Capital Partners LLP now owns 732 shares of the semiconductor company’s stock worth $496,000 after purchasing an additional 359 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its holdings in shares of Monolithic Power Systems by 0.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 9,930 shares of the semiconductor company’s stock valued at $6,727,000 after buying an additional 36 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Down 1.3 %

Shares of Monolithic Power Systems stock opened at $775.21 on Friday. The stock has a market cap of $37.79 billion, a P/E ratio of 87.40, a P/E/G ratio of 3.68 and a beta of 1.15. Monolithic Power Systems, Inc. has a 12-month low of $480.43 and a 12-month high of $959.64. The business’s 50 day moving average is $884.50 and its 200-day moving average is $826.47.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The firm 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%. On average, sell-side analysts expect that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MPWR shares. Raymond James boosted their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. KeyCorp raised their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. TD Cowen reduced their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC lowered their target price on Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating for the company in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $942.40.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the completion of the sale, the chief financial officer now owns 56,678 shares of the company’s stock, valued at $43,809,826.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Deming Xiao sold 10,000 shares of the business’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 completion of the sale, the executive vice president now directly owns 29,714 shares in the company, valued at $28,228,300. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $772.96, for a total value of $1,932,400.00. Following the completion of the transaction, the chief financial officer now directly owns 56,678 shares in the company, valued at approximately $43,809,826.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 37,759 shares of company stock worth $34,985,340. 3.70% of the stock is owned by company insiders.

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.