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

Cynosure Group LLC lessened its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 10.3% in the third quarter, according to its most recent disclosure with the Securities & 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Family Firm Inc. bought a new position in shares of Monolithic Power Systems in the 2nd quarter worth about $25,000. NBC Securities Inc. boosted its holdings in shares of Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after buying an additional 26 shares in the last quarter. Wolff Wiese Magana LLC grew its position in shares of Monolithic Power Systems by 3,400.0% during the 3rd 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 bought a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at $36,000. Finally, Atwood & Palmer Inc. acquired a new position in shares of Monolithic Power Systems during the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 734 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the completion of 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 trade represents a 1.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,100 shares of company stock worth $17,913,521. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $560.24 on Thursday. The firm has a market cap of $27.33 billion, a price-to-earnings ratio of 63.16, a price-to-earnings-growth ratio of 2.86 and a beta of 1.15. The firm has a 50-day moving average price of $808.70 and a two-hundred day moving average price of $819.98. Monolithic Power Systems, Inc. has a 52 week low of $538.00 and a 52 week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The company had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. As a group, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company 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 annualized dividend and a yield of 0.89%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 56.37%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Oppenheimer reaffirmed an “outperform” rating and issued a $900.00 target price on shares of Monolithic Power Systems in a research report on Monday, November 11th. Needham & Company LLC decreased their price objective on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Raymond James boosted their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus target price of $840.36.

About Monolithic Power Systems

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.