Bamco Inc. NY Lowers Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Bamco Inc. NY cut its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,915 shares of the semiconductor company's stock after selling 1,527 shares during the quarter. Bamco Inc. NY owned 0.06% of Monolithic Power Systems worth $25,807,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its stake in shares of Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock worth $3,253,664,000 after buying an additional 361,416 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Monolithic Power Systems by 26.3% during the 3rd quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company's stock worth $395,715,000 after purchasing an additional 93,362 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Monolithic Power Systems by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 314,264 shares of the semiconductor company's stock worth $290,537,000 after purchasing an additional 5,645 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Monolithic Power Systems by 14.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 275,979 shares of the semiconductor company's stock worth $226,767,000 after purchasing an additional 34,557 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Monolithic Power Systems by 0.5% in the 2nd quarter. American Century Companies Inc. now owns 235,508 shares of the semiconductor company's stock valued at $193,513,000 after buying an additional 1,262 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Trading Up 0.8 %

NASDAQ:MPWR traded up $4.45 during mid-day trading on Tuesday, hitting $584.80. 161,062 shares of the company's stock were exchanged, compared to its average volume of 613,911. The firm has a market capitalization of $28.53 billion, a P/E ratio of 65.43, a PEG ratio of 2.70 and a beta of 1.05. Monolithic Power Systems, Inc. has a fifty-two week low of $545.92 and a fifty-two week high of $959.64. The company has a 50 day simple moving average of $788.95 and a 200-day simple moving average of $817.46.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results 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 business had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. As a group, analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company 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. The ex-dividend date was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.85%. Monolithic Power Systems's dividend payout ratio is 56.37%.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the transaction, the executive vice president now directly owns 162,239 shares in the company, valued at $124,135,548.46. The trade was a 0.53 % 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 Maurice Sciammas sold 11,000 shares of the firm's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the sale, the executive vice president now 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. Insiders have sold 17,600 shares of company stock valued at $15,653,021 over the last ninety days. 3.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MPWR. Wells Fargo & Company initiated 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 price target for the company. TD Cowen reduced their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Needham & Company LLC dropped their price objective on Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating on the stock in a research note on Friday, November 22nd. Truist Financial reiterated a "buy" rating and set a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Finally, 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, November 18th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $840.36.

Monolithic Power Systems 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.