Hantz Financial Services Inc. Has $16.51 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Hantz Financial Services Inc. trimmed its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 24.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,858 shares of the semiconductor company’s stock after selling 5,882 shares during the period. Hantz Financial Services Inc.’s holdings in Monolithic Power Systems were worth $16,509,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC lifted its holdings in shares of Monolithic Power Systems by 3.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after acquiring an additional 12 shares during the period. Evergreen Capital Management LLC lifted its holdings in shares of Monolithic Power Systems by 1.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock worth $731,000 after acquiring an additional 12 shares during the period. Outlook Wealth Advisors LLC lifted its holdings in Monolithic Power Systems by 2.5% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock valued at $461,000 after purchasing an additional 12 shares during the last quarter. Greenleaf Trust lifted its holdings in Monolithic Power Systems by 1.5% during the 3rd quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock valued at $905,000 after purchasing an additional 14 shares during the last quarter. Finally, Aptus Capital Advisors LLC lifted its holdings in Monolithic Power Systems by 4.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock valued at $285,000 after purchasing an additional 14 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $560.24 on Friday. Monolithic Power Systems, Inc. has a one year low of $538.00 and a one year high of $959.64. The company has a 50 day moving average of $801.68 and a 200-day moving average of $818.17. The stock has a market cap of $27.33 billion, a price-to-earnings ratio of 63.16, a P/E/G ratio of 2.67 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate 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 business had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Equities research analysts anticipate 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 dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MPWR. Loop Capital raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price target for the company in a report on Monday, November 18th. Rosenblatt Securities downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Wells Fargo & Company started coverage on shares of Monolithic Power Systems in a report on Friday, November 22nd. They set an “equal weight” rating and a $610.00 price target for the company. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, TD Cowen dropped their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $840.36.

Insider Activity at Monolithic Power Systems

In other news, EVP Deming Xiao sold 866 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the completion of the transaction, the executive vice president now owns 162,239 shares in the company, valued at $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the completion of the transaction, the chief financial officer now owns 59,178 shares of the company’s stock, valued at $53,754,928.08. This trade represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,100 shares of company stock worth $17,913,521. 3.70% of the stock is currently owned by company insiders.

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.