JPMorgan Chase & Co. Has $851.42 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

JPMorgan Chase & Co. lowered its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 18.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 920,947 shares of the semiconductor company's stock after selling 211,892 shares during the quarter. JPMorgan Chase & Co. owned 1.89% of Monolithic Power Systems worth $851,416,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. NBC Securities Inc. increased its holdings in Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 26 shares in the last quarter. Wolff Wiese Magana LLC lifted 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 valued at $32,000 after acquiring an additional 34 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Monolithic Power Systems during the 3rd quarter worth approximately $36,000. GHP Investment Advisors Inc. bought a new position in shares of Monolithic Power Systems during the 2nd quarter worth approximately $36,000. Finally, Rakuten Securities Inc. raised its holdings in shares of Monolithic Power Systems by 410.0% in 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.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction dated 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 transaction, the executive vice president now owns 103,829 shares in the company, valued at $96,518,400.11. The trade was a 9.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Theodore Blegen sold 2,500 shares of the business's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the sale, the chief financial officer now directly owns 59,178 shares in the company, valued at approximately $53,754,928.08. The trade was a 4.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,100 shares of company stock worth $17,153,021 in the last ninety days. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Trading Down 1.2 %

Shares of NASDAQ:MPWR traded down $7.13 on Friday, hitting $612.70. The company had a trading volume of 354,605 shares, compared to its average volume of 631,892. The stock has a 50 day moving average price of $668.38 and a 200 day moving average price of $797.41. The stock has a market cap of $29.89 billion, a price-to-earnings ratio of 69.08, a P/E/G ratio of 2.90 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 the consensus estimate of $3.04 by ($0.05). The company 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%. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $5.00 annualized dividend and a yield of 0.82%. Monolithic Power Systems's payout ratio is currently 56.37%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MPWR. Truist Financial restated a "buy" rating and set a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. KeyCorp decreased their price objective on Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating for the company in a report on Monday, November 18th. Citigroup initiated coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They set a "buy" rating and a $700.00 target price on the stock. 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. 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 note on Friday, November 22nd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $828.67.

Monolithic Power Systems 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.