Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. reduced its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 8.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,612,057 shares of the semiconductor company's stock after selling 143,289 shares during the quarter. Franklin Resources Inc. owned 3.30% of Monolithic Power Systems worth $1,520,508,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MPWR. FMR LLC boosted its position in Monolithic Power Systems by 11.4% during the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock worth $3,253,664,000 after purchasing an additional 361,416 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Monolithic Power Systems by 311.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company's stock valued at $153,319,000 after acquiring an additional 141,277 shares during the period. Canada Pension Plan Investment Board increased its holdings in Monolithic Power Systems by 1,947.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company's stock worth $117,826,000 after acquiring an additional 136,391 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Monolithic Power Systems by 11.2% during the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company's stock valued at $1,230,626,000 after purchasing an additional 133,838 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Monolithic Power Systems by 92,842.9% during the third quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company's stock valued at $114,281,000 after purchasing an additional 123,481 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MPWR has been the subject of several research analyst reports. TD Cowen reduced their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Rosenblatt Securities cut Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. Needham & Company LLC lowered their price target 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. Citigroup started coverage on shares of Monolithic Power Systems in a research report on Wednesday. They set a "buy" rating and a $700.00 price target on the stock. Finally, Oppenheimer reiterated an "outperform" rating and issued a $900.00 price objective on shares of Monolithic Power Systems in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $828.67.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 11,000 shares of the business's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $929.59, for a total value of $10,225,490.00. Following the sale, the executive vice president now owns 103,829 shares in the company, valued at approximately $96,518,400.11. The trade was a 9.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total value of $2,270,900.00. Following the transaction, the chief financial officer now owns 59,178 shares of the company's stock, valued at $53,754,928.08. This trade represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,100 shares of company stock worth $17,153,021. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems Trading Up 0.5 %

Monolithic Power Systems stock traded up $2.99 during mid-day trading on Friday, hitting $608.44. The company's stock had a trading volume of 816,176 shares, compared to its average volume of 623,364. The stock's fifty day moving average is $737.10 and its two-hundred day moving average is $807.89. The firm has a market capitalization of $29.68 billion, a PE ratio of 68.26, a price-to-earnings-growth ratio of 2.97 and a beta of 1.05. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly 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 for the quarter, compared to analysts' expectations of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.82%. Monolithic Power Systems's dividend payout ratio (DPR) is 56.37%.

About Monolithic Power Systems

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.