Citigroup Inc. Has $293.52 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Citigroup Inc. decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 317,488 shares of the semiconductor company's stock after selling 12,344 shares during the quarter. Citigroup Inc. owned approximately 0.65% of Monolithic Power Systems worth $293,518,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Acadian Asset Management LLC increased its stake in shares of Monolithic Power Systems by 224.4% in the first quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company's stock valued at $1,034,000 after purchasing an additional 1,057 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of Monolithic Power Systems by 52.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,629 shares of the semiconductor company's stock valued at $1,104,000 after purchasing an additional 561 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Monolithic Power Systems by 19.6% in the first quarter. Advisors Asset Management Inc. now owns 6,833 shares of the semiconductor company's stock valued at $4,629,000 after purchasing an additional 1,122 shares during the period. Toronto Dominion Bank increased its stake in shares of Monolithic Power Systems by 1.2% in the first quarter. Toronto Dominion Bank now owns 29,430 shares of the semiconductor company's stock valued at $19,936,000 after purchasing an additional 350 shares during the period. Finally, Truvestments Capital LLC increased its stake in shares of Monolithic Power Systems by 401.5% in the first quarter. Truvestments Capital LLC now owns 326 shares of the semiconductor company's stock valued at $221,000 after purchasing an additional 261 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Trading Up 1.5 %

MPWR stock traded up $8.34 during midday trading on Friday, reaching $580.81. The company had a trading volume of 930,118 shares, compared to its average volume of 606,213. Monolithic Power Systems, Inc. has a 1 year low of $538.00 and a 1 year high of $959.64. The company has a market capitalization of $28.33 billion, a P/E ratio of 66.32, a PEG ratio of 2.79 and a beta of 1.15. The company has a 50 day moving average of $832.97 and a two-hundred day moving average of $822.93.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released 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). 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, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders 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 yield of 0.86%. Monolithic Power Systems's payout ratio is 56.37%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Oppenheimer restated an "outperform" rating and issued a $900.00 price target on shares of Monolithic Power Systems in a research note on Monday, November 11th. Truist Financial reiterated a "buy" rating and issued a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Wells Fargo & Company initiated coverage on shares of Monolithic Power Systems in a report on Friday. They issued an "equal weight" rating and a $610.00 price objective for the company. Raymond James increased their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. Finally, Loop Capital upgraded shares of 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. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $840.36.

Insiders Place Their Bets

In related news, CFO Theodore Blegen sold 734 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the transaction, the chief financial officer now directly owns 55,944 shares in the company, valued at approximately $42,805,551.60. This trade represents a 1.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Deming Xiao sold 866 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders sold a total of 29,359 shares of company stock worth $26,709,571 in the last quarter. 3.70% of the stock is currently owned by corporate insiders.

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.