Monolithic Power Systems, Inc. (NASDAQ:MPWR) Position Reduced by Guidance Capital Inc.

Guidance Capital Inc. trimmed its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 920 shares of the semiconductor company’s stock after selling 87 shares during the quarter. Guidance Capital Inc.’s holdings in Monolithic Power Systems were worth $843,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MPWR. BNP Paribas Financial Markets boosted its stake in Monolithic Power Systems by 95.1% during the 1st quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock valued at $206,712,000 after acquiring an additional 148,771 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Monolithic Power Systems by 311.8% during the second quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock worth $153,319,000 after purchasing an additional 141,277 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Monolithic Power Systems by 1,947.1% during the second quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock worth $117,826,000 after purchasing an additional 136,391 shares during the period. SG Americas Securities LLC raised its holdings in shares of Monolithic Power Systems by 952.2% during the first quarter. SG Americas Securities LLC now owns 93,101 shares of the semiconductor company’s stock worth $63,068,000 after purchasing an additional 84,253 shares during the period. Finally, Van ECK Associates Corp raised its holdings in shares of Monolithic Power Systems by 30.1% during the first quarter. Van ECK Associates Corp now owns 321,174 shares of the semiconductor company’s stock worth $217,569,000 after purchasing an additional 74,287 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR traded up $15.98 during trading hours on Wednesday, hitting $892.79. 72,879 shares of the company’s stock traded hands, compared to its average volume of 526,467. Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $959.64. The company’s fifty day simple moving average is $904.35 and its two-hundred day simple moving average is $813.37. The company has a market cap of $43.46 billion, a price-to-earnings ratio of 104.51, a price-to-earnings-growth ratio of 4.33 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, topping the consensus estimate of $3.07 by $0.10. The business had revenue of $507.40 million during the quarter, compared to analysts’ expectations of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the company posted $2.05 earnings per share. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s payout ratio is presently 59.59%.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction on Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the sale, the executive vice president now owns 103,829 shares in the company, valued at $96,518,400.11. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $929.59, for a total value of $10,225,490.00. Following the sale, the executive vice president now owns 103,829 shares in the company, valued at approximately $96,518,400.11. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total value of $2,270,900.00. Following the completion of the transaction, the chief financial officer now directly owns 59,178 shares of the company’s stock, valued at $53,754,928.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,136 shares of company stock valued at $38,591,228 over the last 90 days. 3.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MPWR shares. Raymond James increased their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Stifel Nicolaus increased their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Rosenblatt Securities increased their price objective on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, TD Cowen raised shares of Monolithic Power Systems to a “strong-buy” rating in a report on Monday, September 16th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $959.90.

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.