Knuff & Co LLC Has $387,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• Knuff & Co LLC has significantly reduced its stake in Monolithic Power Systems by 51.5%, owning 667 shares worth approximately $387,000 as of its latest SEC filing.
• Institutional interest remains high with 93.46% of Monolithic Power Systems stock owned by institutional investors, including a notable increase in holdings by Vanguard Group and GAMMA Investing LLC.
• Monolithic Power Systems reported strong quarterly earnings, with $4.21 EPS exceeding analyst expectations, and a 31.0% revenue increase year-over-year, indicating robust financial performance.

Knuff & Co LLC reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 51.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 667 shares of the semiconductor company's stock after selling 709 shares during the quarter. Knuff & Co LLC's holdings in Monolithic Power Systems were worth $387,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Monolithic Power Systems by 1.7% during the first quarter. Vanguard Group Inc. now owns 5,920,669 shares of the semiconductor company's stock worth $3,433,870,000 after purchasing an additional 96,395 shares during the period. Price T Rowe Associates Inc. MD raised its position in Monolithic Power Systems by 16.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock valued at $904,297,000 after acquiring an additional 214,395 shares in the last quarter. Invesco Ltd. raised its position in Monolithic Power Systems by 7.5% during the first quarter. Invesco Ltd. now owns 1,249,335 shares of the semiconductor company's stock valued at $724,589,000 after acquiring an additional 86,853 shares in the last quarter. Brown Advisory Inc. raised its position in Monolithic Power Systems by 0.5% during the fourth quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock valued at $583,420,000 after acquiring an additional 5,274 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Monolithic Power Systems by 76,432.3% during the first quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock valued at $451,418,000 after acquiring an additional 777,316 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Deming Xiao sold 39,999 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $780.00, for a total transaction of $31,199,220.00. Following the transaction, the executive vice president directly owned 121,605 shares of the company's stock, valued at approximately $94,851,900. This trade represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 3,000 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $750.00, for a total transaction of $2,250,000.00. Following the transaction, the chief financial officer directly owned 43,939 shares in the company, valued at approximately $32,954,250. This represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,599 shares of company stock valued at $38,455,220. 3.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

MPWR has been the topic of several recent research reports. William Blair raised shares of Monolithic Power Systems to a "strong-buy" rating in a research report on Wednesday. Oppenheimer reissued an "outperform" rating and issued a $800.00 price target (up previously from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $880.00 to $930.00 and gave the company a "buy" rating in a research report on Friday, August 1st. KeyCorp lifted their price target on shares of Monolithic Power Systems from $940.00 to $950.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Rosenblatt Securities reissued a "neutral" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, August 1st. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $838.09.

Monolithic Power Systems Price Performance

MPWR opened at $826.47 on Friday. The firm's fifty day moving average price is $744.11 and its two-hundred day moving average price is $662.95. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The company has a market capitalization of $39.58 billion, a P/E ratio of 21.52, a P/E/G ratio of 3.16 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.09. The firm had revenue of $664.57 million during the quarter, compared to analysts' expectations of $648.74 million. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%. The company's quarterly revenue was up 31.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.17 EPS. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, June 30th. Monolithic Power Systems's dividend payout ratio is presently 16.25%.

Monolithic Power Systems Company 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.

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