ING Groep NV lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 48.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,520 shares of the semiconductor company's stock after selling 30,029 shares during the quarter. ING Groep NV owned approximately 0.06% of Monolithic Power Systems worth $29,140,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MPWR. Concurrent Investment Advisors LLC grew its stake in Monolithic Power Systems by 11.0% in the first quarter. Concurrent Investment Advisors LLC now owns 363 shares of the semiconductor company's stock valued at $246,000 after purchasing an additional 36 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Monolithic Power Systems by 11.8% during the 1st quarter. ProShare Advisors LLC now owns 14,055 shares of the semiconductor company's stock worth $9,521,000 after acquiring an additional 1,489 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Monolithic Power Systems during the 1st quarter worth about $1,173,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Monolithic Power Systems by 61.0% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,967 shares of the semiconductor company's stock worth $2,010,000 after acquiring an additional 1,124 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Monolithic Power Systems by 19.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company's stock worth $37,583,000 after acquiring an additional 9,125 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.
Analyst Upgrades and Downgrades
MPWR has been the subject of several recent analyst reports. TD Cowen decreased their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Oppenheimer reiterated an "outperform" rating and set a $900.00 price target on shares of Monolithic Power Systems in a research note on Monday. Loop Capital initiated coverage on Monolithic Power Systems in a research note on Monday. They set a "hold" rating and a $660.00 price target for the company. Truist Financial reiterated a "buy" rating and set a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Finally, Raymond James increased their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $916.73.
Get Our Latest Stock Analysis on Monolithic Power Systems
Insider Transactions at Monolithic Power Systems
In related news, EVP Deming Xiao sold 866 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the sale, the executive vice president now owns 162,239 shares of the company's stock, valued at approximately $124,135,548.46. This trade represents a 0.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Maurice Sciammas sold 11,000 shares of the firm'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 directly owns 103,829 shares in the company, valued at $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 39,359 shares of company stock worth $36,209,571 in the last three months. Insiders own 3.70% of the company's stock.
Monolithic Power Systems Stock Performance
MPWR traded down $24.68 during mid-day trading on Thursday, reaching $576.79. The stock had a trading volume of 2,087,668 shares, compared to its average volume of 589,006. The stock has a market capitalization of $28.14 billion, a P/E ratio of 64.88, a P/E/G ratio of 3.07 and a beta of 1.15. The firm's fifty day simple moving average is $866.42 and its two-hundred day simple moving average is $828.49. Monolithic Power Systems, Inc. has a 52 week low of $532.86 and a 52 week high of $959.64.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced 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%. As a group, analysts expect that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.
Monolithic Power Systems Dividend Announcement
The company also recently disclosed 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 was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.87%. Monolithic Power Systems's payout ratio is 56.37%.
Monolithic Power Systems Company Profile
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Free Report)
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.
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