Knuff & Co LLC Invests $759,000 in Monolithic Power Systems, Inc. $MPWR

Knuff & Co LLC acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 2nd quarter, Holdings Channel reports. The fund acquired 549 shares of the semiconductor company’s stock, valued at approximately $759,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. NewEdge Wealth LLC bought a new stake in Monolithic Power Systems during the 2nd quarter valued at approximately $47,366,000. Empirical Asset Management LLC bought a new position in Monolithic Power Systems in the 2nd quarter worth approximately $602,000. Great Lakes Advisors LLC acquired a new position in shares of Monolithic Power Systems during the second quarter worth approximately $1,606,000. Danske Bank A S acquired a new position in shares of Monolithic Power Systems during the second quarter worth approximately $36,000. Finally, Diversify Advisory Services LLC bought a new stake in shares of Monolithic Power Systems in the second quarter valued at approximately $933,000. Institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MPWR. TD Cowen raised their price objective on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Wells Fargo & Company upped their target price on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. KeyCorp raised their price target on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. Finally, Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,705.82.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the sale, the executive vice president directly owned 1,119 shares in the company, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Saria Tseng sold 7,565 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the transaction, the executive vice president directly owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. The trade was a 4.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,191 shares of company stock valued at $21,807,015 over the last ninety days. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,300.14 on Thursday. The firm has a fifty day moving average of $1,384.18 and a 200-day moving average of $1,344.93. The stock has a market cap of $63.89 billion, a price-to-earnings ratio of 79.71 and a beta of 1.69. Monolithic Power Systems, Inc. has a 52-week low of $800.97 and a 52-week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, beating analysts’ consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The business had revenue of $980.64 million for the quarter, compared to analysts’ expectations of $903.30 million. During the same quarter in the previous year, the firm posted $4.21 earnings per share. The firm’s revenue for the quarter was up 47.6% on a year-over-year basis. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is presently 49.05%.

Monolithic Power Systems Company Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC?DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC?DC power solutions.