Moloney Securities Asset Management LLC Reduces Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Moloney Securities Asset Management LLC decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,325 shares of the semiconductor company’s stock after selling 25 shares during the period. Moloney Securities Asset Management LLC’s holdings in Monolithic Power Systems were worth $1,225,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. QRG Capital Management Inc. boosted its holdings in shares of Monolithic Power Systems by 23.7% in the third quarter. QRG Capital Management Inc. now owns 6,663 shares of the semiconductor company’s stock valued at $6,160,000 after purchasing an additional 1,276 shares during the period. Asset Management One Co. Ltd. raised its stake in Monolithic Power Systems by 0.8% in the third quarter. Asset Management One Co. Ltd. now owns 19,478 shares of the semiconductor company’s stock worth $18,007,000 after buying an additional 153 shares in the last quarter. National Pension Service raised its stake in Monolithic Power Systems by 4.4% in the third quarter. National Pension Service now owns 70,088 shares of the semiconductor company’s stock worth $64,796,000 after buying an additional 2,926 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Monolithic Power Systems by 86.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 38,333 shares of the semiconductor company’s stock worth $35,439,000 after buying an additional 17,746 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in Monolithic Power Systems by 26.3% in the third quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock worth $395,715,000 after buying an additional 93,362 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Down 0.5 %

Shares of MPWR stock opened at $762.97 on Wednesday. The company has a market cap of $37.20 billion, a PE ratio of 86.02, a PEG ratio of 3.53 and a beta of 1.15. Monolithic Power Systems, Inc. has a 12-month low of $480.43 and a 12-month high of $959.64. The business’s fifty day simple moving average is $890.49 and its 200-day simple moving average is $827.12.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The company had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 10.36 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 dividend yield of 0.66%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Insider Activity

In other news, CFO Theodore Blegen sold 728 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $566,667.92. Following the sale, the chief financial officer now directly owns 64,178 shares of the company’s stock, valued at $49,955,513.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of the company’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 directly owns 103,829 shares of the company’s stock, valued at approximately $96,518,400.11. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Theodore Blegen sold 728 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $566,667.92. Following the completion of the sale, the chief financial officer now directly owns 64,178 shares in the company, valued at approximately $49,955,513.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,136 shares of company stock valued at $38,392,353 over the last ninety days. 3.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MPWR. Rosenblatt Securities downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Stifel Nicolaus boosted their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Raymond James boosted their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, Needham & Company LLC reduced their price objective on shares of Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $942.40.

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.