Massachusetts Financial Services Co. MA Has $626.90 Million Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Massachusetts Financial Services Co. MA lessened its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 28.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 678,093 shares of the semiconductor company’s stock after selling 263,283 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.39% of Monolithic Power Systems worth $626,897,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Dynamic Advisor Solutions LLC boosted its holdings in shares of Monolithic Power Systems by 3.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after buying an additional 12 shares in the last quarter. Evergreen Capital Management LLC lifted its position in shares of Monolithic Power Systems by 1.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock valued at $731,000 after acquiring an additional 12 shares during the period. Outlook Wealth Advisors LLC boosted its stake in Monolithic Power Systems by 2.5% during the third quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock worth $461,000 after acquiring an additional 12 shares in the last quarter. Greenleaf Trust grew its holdings in Monolithic Power Systems by 1.5% in the third quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock worth $905,000 after purchasing an additional 14 shares during the period. Finally, Aptus Capital Advisors LLC increased its stake in Monolithic Power Systems by 4.8% in the third quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock valued at $285,000 after purchasing an additional 14 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Oppenheimer reissued an “outperform” rating and set a $900.00 price objective on shares of Monolithic Power Systems in a research report on Monday, November 11th. Rosenblatt Securities cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. TD Cowen dropped their price target on shares of 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. Loop Capital raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective for the company in a report on Monday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $950.00 price target on shares of Monolithic Power Systems in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $882.64.

Insider Buying and Selling

In other 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Theodore Blegen sold 734 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the sale, the chief financial officer now owns 55,944 shares in the company, valued at $42,805,551.60. The trade was a 1.30 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,359 shares of company stock worth $26,709,571. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $566.04 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $538.00 and a 52-week high of $959.64. The business’s fifty day moving average is $839.56 and its 200 day moving average is $824.73. The firm has a market cap of $27.61 billion, a price-to-earnings ratio of 63.82, a PEG ratio of 2.79 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The firm 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%. Equities analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 annualized dividend and a dividend yield of 0.88%. Monolithic Power Systems’s payout ratio is currently 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.