International Assets Investment Management LLC cut its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 99.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 453 shares of the semiconductor company's stock after selling 123,161 shares during the quarter. International Assets Investment Management LLC's holdings in Monolithic Power Systems were worth $269,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. NBC Securities Inc. grew its stake in shares of Monolithic Power Systems by 433.3% in the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 26 shares in the last quarter. Wolff Wiese Magana LLC boosted its stake in Monolithic Power Systems by 3,400.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 34 shares during the period. GHP Investment Advisors Inc. bought a new position in Monolithic Power Systems in the 2nd quarter valued at $36,000. Ashton Thomas Securities LLC bought a new position in Monolithic Power Systems in the 3rd quarter worth about $36,000. Finally, Rakuten Securities Inc. lifted its position in Monolithic Power Systems by 410.0% during the third quarter. Rakuten Securities Inc. now owns 51 shares of the semiconductor company's stock valued at $47,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 93.46% of the company's stock.
Monolithic Power Systems Stock Performance
Shares of NASDAQ:MPWR traded down $7.29 during midday trading on Monday, reaching $583.94. 117,426 shares of the company's stock traded hands, compared to its average volume of 583,816. The company has a market cap of $28.48 billion, a P/E ratio of 65.83, a PEG ratio of 2.90 and a beta of 1.03. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64. The company has a fifty day simple moving average of $616.04 and a two-hundred day simple moving average of $782.22.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data 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 company had revenue of $620.12 million for the quarter, compared to analyst estimates 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, research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.
Monolithic Power Systems Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $1.25 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $5.00 annualized dividend and a yield of 0.86%. Monolithic Power Systems's dividend payout ratio (DPR) is 56.37%.
Insider Buying and Selling
In related news, EVP Deming Xiao sold 866 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the completion of the transaction, the executive vice president now directly owns 162,239 shares of the company's stock, valued at $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the sale, the chief financial officer now directly owns 56,678 shares in the company, valued at approximately $43,809,826.88. The trade was a 4.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,600 shares of company stock worth $4,656,631 over the last 90 days. 3.70% of the stock is owned by insiders.
Analysts Set New Price Targets
Several research firms have issued reports on MPWR. Oppenheimer restated an "outperform" rating and set a $900.00 price target on shares of Monolithic Power Systems in a research report on Monday, November 11th. Stifel Nicolaus upped their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a "buy" rating in a report on Friday, September 27th. KeyCorp cut their price objective on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating on the stock in a report on Monday, November 18th. TD Cowen decreased their target price on shares of 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. Finally, 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 report on Friday, November 22nd. Two 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 an average price target of $828.67.
Get Our Latest Research Report on MPWR
Monolithic Power Systems 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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