Bank of Montreal Can Has $42.21 Million Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Bank of Montreal Can cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 37.7% during the third quarter, Holdings Channel.com reports. The firm owned 45,627 shares of the semiconductor company’s stock after selling 27,581 shares during the quarter. Bank of Montreal Can’s holdings in Monolithic Power Systems were worth $42,205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Private Trust Co. NA raised its holdings in shares of Monolithic Power Systems by 12.2% in the third quarter. Private Trust Co. NA now owns 203 shares of the semiconductor company’s stock valued at $188,000 after purchasing an additional 22 shares during the last quarter. Truvestments Capital LLC raised its holdings in shares of Monolithic Power Systems by 15.2% in the third quarter. Truvestments Capital LLC now owns 440 shares of the semiconductor company’s stock valued at $407,000 after purchasing an additional 58 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in shares of Monolithic Power Systems by 277.6% in the third quarter. Loomis Sayles & Co. L P now owns 506 shares of the semiconductor company’s stock valued at $468,000 after buying an additional 372 shares in the last quarter. Boston Family Office LLC bought a new position in shares of Monolithic Power Systems in the third quarter valued at $214,000. Finally, Daiwa Securities Group Inc. grew its stake in shares of Monolithic Power Systems by 40.4% in the third quarter. Daiwa Securities Group Inc. now owns 8,634 shares of the semiconductor company’s stock valued at $7,982,000 after buying an additional 2,483 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MPWR. Deutsche Bank Aktiengesellschaft raised their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Rosenblatt Securities cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. TD Cowen decreased 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. Oppenheimer reissued an “outperform” rating and issued a $900.00 target price on shares of Monolithic Power Systems in a research note on Monday, November 11th. Finally, Wells Fargo & Company began coverage on shares of Monolithic Power Systems in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 target price for the company. Two equities 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $840.36.

Insider Activity

In other news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total value of $2,260,500.00. Following the completion of the sale, the chief financial officer now owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The trade was a 3.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 103,829 shares of the company’s stock, valued at approximately $96,518,400.11. The trade was a 9.58 % 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 valued at $17,913,521. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Price Performance

MPWR stock opened at $560.24 on Friday. The company has a fifty day moving average price of $801.68 and a two-hundred day moving average price of $818.17. The stock has a market cap of $27.33 billion, a price-to-earnings ratio of 63.16, a price-to-earnings-growth ratio of 2.86 and a beta of 1.15. Monolithic Power Systems, Inc. has a one year low of $538.00 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The business had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. Research analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.89%. Monolithic Power Systems’s payout ratio is presently 56.37%.

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.