HL Financial Services LLC Increases Stake in Monolithic Power Systems, Inc. (MPWR)

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HL Financial Services LLC lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,295 shares of the semiconductor company’s stock after acquiring an additional 2,923 shares during the period. HL Financial Services LLC owned 0.11% of Monolithic Power Systems worth $5,686,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Hawaiian Bank purchased a new position in Monolithic Power Systems in the 3rd quarter valued at $127,000. Grandeur Peak Global Advisors LLC purchased a new position in Monolithic Power Systems in the 2nd quarter valued at $141,000. Engineers Gate Manager LP purchased a new position in Monolithic Power Systems in the 2nd quarter valued at $201,000. Eagle Boston Investment Management Inc. purchased a new position in Monolithic Power Systems in the 2nd quarter valued at $216,000. Finally, Signition LP purchased a new position in Monolithic Power Systems in the 2nd quarter valued at $222,000. Institutional investors and hedge funds own 93.88% of the company’s stock.

In other news, CEO Michael Hsing sold 15,867 shares of Monolithic Power Systems stock in a transaction on Monday, November 5th. The stock was sold at an average price of $121.73, for a total transaction of $1,931,489.91. Following the completion of the transaction, the chief executive officer now owns 1,109,565 shares of the company’s stock, valued at approximately $135,067,347.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Deming Xiao sold 11,081 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $138.93, for a total transaction of $1,539,483.33. Following the completion of the transaction, the insider now directly owns 313,929 shares of the company’s stock, valued at approximately $43,614,155.97. The disclosure for this sale can be found here. Insiders have sold a total of 163,174 shares of company stock valued at $22,308,564 in the last ninety days. Corporate insiders own 4.00% of the company’s stock.

A number of research firms recently weighed in on MPWR. Cowen lowered their price objective on shares of Monolithic Power Systems from $180.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, October 26th. KeyCorp reduced their target price on Monolithic Power Systems from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, October 16th. BidaskClub raised Monolithic Power Systems from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. Zacks Investment Research downgraded Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Finally, ValuEngine downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday, October 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $151.00.

NASDAQ:MPWR opened at $124.22 on Wednesday. The firm has a market cap of $5.26 billion, a PE ratio of 67.15, a PEG ratio of 2.02 and a beta of 1.49. Monolithic Power Systems, Inc. has a 52-week low of $101.99 and a 52-week high of $152.21.

The company also recently declared a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Thursday, September 27th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 64.86%.

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Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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