Knuff & Co LLC Purchases Shares of 549 Monolithic Power Systems, Inc. $MPWR

Knuff & Co LLC acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 549 shares of the semiconductor company’s stock, valued at approximately $759,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Monolithic Power Systems in the 2nd quarter worth $7,727,289,000. State Street Corp raised its position in shares of Monolithic Power Systems by 2.1% during the fourth quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company’s stock worth $1,979,610,000 after purchasing an additional 45,715 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Monolithic Power Systems by 3,719.6% during the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after purchasing an additional 1,993,576 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Monolithic Power Systems by 7.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company’s stock valued at $1,533,013,000 after purchasing an additional 117,596 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Monolithic Power Systems by 25.9% in the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after purchasing an additional 295,556 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

MPWR has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price objective on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Weiss Ratings upgraded shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Oppenheimer set a $1,700.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 1st. Wall Street Zen upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus target price of $1,705.82.

Insider Buying and Selling

In other Monolithic Power Systems news, Director Jeff Zhou sold 486 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the transaction, the director owned 3,800 shares in the company, valued at $6,384,000. This trade represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,191 shares of company stock worth $21,807,015 over the last ninety days. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $1,300.14 on Thursday. Monolithic Power Systems, Inc. has a fifty-two week low of $800.97 and a fifty-two week high of $1,714.09. The stock’s 50-day moving average is $1,384.18 and its two-hundred day moving average is $1,344.93. The firm has a market cap of $63.89 billion, a P/E ratio of 79.71 and a beta of 1.69.

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

Monolithic Power Systems Announces Dividend

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

About Monolithic Power Systems

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.