Chartwell Investment Partners LLC Sells 547 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Chartwell Investment Partners LLC lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 15.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,031 shares of the semiconductor company’s stock after selling 547 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Monolithic Power Systems were worth $2,802,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in Monolithic Power Systems in the 3rd quarter worth approximately $36,000. Crossmark Global Holdings Inc. lifted its position in Monolithic Power Systems by 2.2% in the third quarter. Crossmark Global Holdings Inc. now owns 3,643 shares of the semiconductor company’s stock valued at $3,368,000 after purchasing an additional 80 shares during the last quarter. Atria Investments Inc lifted its position in Monolithic Power Systems by 11.3% in the third quarter. Atria Investments Inc now owns 2,967 shares of the semiconductor company’s stock valued at $2,743,000 after purchasing an additional 301 shares during the last quarter. Lindbrook Capital LLC lifted its position in Monolithic Power Systems by 24.1% in the third quarter. Lindbrook Capital LLC now owns 165 shares of the semiconductor company’s stock valued at $153,000 after purchasing an additional 32 shares during the last quarter. Finally, Assetmark Inc. lifted its position in Monolithic Power Systems by 6.6% in the third quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock valued at $16,259,000 after purchasing an additional 1,082 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MPWR shares. Stifel Nicolaus boosted their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft increased their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Oppenheimer reaffirmed an “outperform” rating and set a $900.00 price objective on shares of Monolithic Power Systems in a research report on Monday. TD Cowen lowered their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, Raymond James lifted their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average price target of $916.73.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Deming Xiao sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the transaction, the executive vice president now owns 29,714 shares in the company, valued at approximately $28,228,300. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the completion of the sale, the chief financial officer now owns 56,678 shares of the company’s stock, valued at $43,809,826.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deming Xiao sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total value of $9,500,000.00. Following the sale, the executive vice president now directly owns 29,714 shares of the company’s stock, valued at approximately $28,228,300. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,759 shares of company stock worth $34,985,340. 3.70% of the stock is owned by corporate insiders.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $644.10 on Wednesday. The business’s 50-day moving average is $871.40 and its 200 day moving average is $830.09. The firm has a market capitalization of $31.42 billion, a P/E ratio of 72.62, a P/E/G ratio of 3.62 and a beta of 1.15. Monolithic Power Systems, Inc. has a 1 year low of $500.54 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. On average, analysts expect that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $1.25 per share. The ex-dividend date was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.78%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

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.