Mediolanum International Funds Ltd Lowers Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mediolanum International Funds Ltd cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,334 shares of the semiconductor company’s stock after selling 996 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Monolithic Power Systems were worth $15,084,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. BNP Paribas Financial Markets boosted its holdings in Monolithic Power Systems by 95.1% in the first quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock worth $206,712,000 after acquiring an additional 148,771 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Monolithic Power Systems by 311.8% in the 2nd 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 last quarter. Canada Pension Plan Investment Board boosted its stake in Monolithic Power Systems by 1,947.1% in the 2nd 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 in the last quarter. International Assets Investment Management LLC grew its position in Monolithic Power Systems by 92,842.9% during the 3rd quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock valued at $114,281,000 after purchasing an additional 123,481 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Monolithic Power Systems by 952.2% during the 1st quarter. SG Americas Securities LLC now owns 93,101 shares of the semiconductor company’s stock valued at $63,068,000 after purchasing an additional 84,253 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Deming Xiao sold 859 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $668,637.01. Following the completion of the sale, the executive vice president now owns 202,354 shares in the company, valued at $157,510,330.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deming Xiao sold 859 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $668,637.01. Following the completion of the transaction, the executive vice president now directly owns 202,354 shares of the company’s stock, valued at $157,510,330.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,136 shares of company stock valued at $38,591,228. 3.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on MPWR. Truist Financial reiterated a “buy” rating and issued a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Raymond James upped their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. TD Cowen raised Monolithic Power Systems to a “strong-buy” rating in a report on Monday, September 16th. Rosenblatt Securities boosted their price target on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $959.90.

Monolithic Power Systems Trading Up 1.0 %

MPWR stock traded up $9.38 during trading on Friday, reaching $909.41. The stock had a trading volume of 117,065 shares, compared to its average volume of 525,654. The stock’s 50 day moving average is $904.36 and its two-hundred day moving average is $814.46. The firm has a market cap of $44.33 billion, a PE ratio of 107.15, a PEG ratio of 4.06 and a beta of 1.11. Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $959.64.

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

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.55%. Monolithic Power Systems’s dividend payout ratio is currently 59.52%.

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.