BNP Paribas Financial Markets Has $127.15 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

BNP Paribas Financial Markets trimmed its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 22.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,536 shares of the semiconductor company's stock after selling 40,885 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.28% of Monolithic Power Systems worth $127,152,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Avestar Capital LLC purchased a new position in shares of Monolithic Power Systems in the third quarter valued at approximately $244,000. Brooklyn Investment Group acquired a new stake in Monolithic Power Systems during the 3rd quarter worth $104,000. D.A. Davidson & CO. grew its holdings in shares of Monolithic Power Systems by 5.1% during the third quarter. D.A. Davidson & CO. now owns 390 shares of the semiconductor company's stock worth $361,000 after buying an additional 19 shares in the last quarter. FMR LLC lifted its stake in shares of Monolithic Power Systems by 11.4% in the third 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 in the last quarter. Finally, West Tower Group LLC acquired a new position in Monolithic Power Systems during the third quarter worth about $277,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MPWR. Needham & Company LLC lowered their price target on shares of Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating on the stock in a research report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Wells Fargo & Company assumed coverage on shares of Monolithic Power Systems in a report on Friday, November 22nd. They issued an "equal weight" rating and a $610.00 target price for the company. Stifel Nicolaus raised their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Finally, Loop Capital upgraded Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 target price for the company in a research note on Monday, November 18th. Two 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 company has a consensus rating of "Moderate Buy" and a consensus price target of $840.36.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 103,829 shares of the company's stock, valued at approximately $96,518,400.11. This trade represents a 9.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 734 shares of the business's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.15, for a total value of $561,620.10. Following the transaction, the chief financial officer now owns 55,944 shares of the company's stock, valued at $42,805,551.60. The trade was a 1.30 % decrease in their ownership of the stock. 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. Corporate insiders own 3.70% of the company's stock.

Monolithic Power Systems Price Performance

MPWR traded down $18.68 on Wednesday, reaching $553.40. 600,218 shares of the company traded hands, compared to its average volume of 612,367. Monolithic Power Systems, Inc. has a 52-week low of $538.00 and a 52-week high of $959.64. The company has a market cap of $26.99 billion, a price-to-earnings ratio of 64.50, a PEG ratio of 2.86 and a beta of 1.15. The stock's 50 day moving average price is $814.71 and its 200-day moving average price is $821.81.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.05). The company had revenue of $620.12 million for 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%. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems's payout ratio is 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.