Los Angeles Capital Management LLC Sells 22,397 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Los Angeles Capital Management LLC cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 52.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,956 shares of the semiconductor company's stock after selling 22,397 shares during the period. Los Angeles Capital Management LLC's holdings in Monolithic Power Systems were worth $18,449,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Crossmark Global Holdings Inc. grew its position in shares of Monolithic Power Systems by 2.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,643 shares of the semiconductor company's stock worth $3,368,000 after buying an additional 80 shares during the period. Atria Investments Inc boosted its stake in Monolithic Power Systems by 11.3% during the third quarter. Atria Investments Inc now owns 2,967 shares of the semiconductor company's stock worth $2,743,000 after acquiring an additional 301 shares in the last quarter. Lindbrook Capital LLC increased its stake in shares of Monolithic Power Systems by 24.1% during the third quarter. Lindbrook Capital LLC now owns 165 shares of the semiconductor company's stock valued at $153,000 after purchasing an additional 32 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Monolithic Power Systems by 6.6% during the third quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company's stock valued at $16,259,000 after purchasing an additional 1,082 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Monolithic Power Systems during the 3rd quarter valued at approximately $65,000. 93.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Deming Xiao sold 9,259 shares of Monolithic Power Systems stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the completion of the transaction, the executive vice president now directly owns 20,455 shares of the company's stock, valued at approximately $19,432,250. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of the business's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $929.59, for a total value of $10,225,490.00. Following the completion of the sale, the executive vice president now directly owns 103,829 shares of the company's stock, valued at $96,518,400.11. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Deming Xiao sold 9,259 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total value of $8,796,050.00. Following the completion of the sale, the executive vice president now owns 20,455 shares of the company's stock, valued at $19,432,250. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,759 shares of company stock worth $34,985,340 over the last quarter. Insiders own 3.70% of the company's stock.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock traded down $113.99 during trading on Monday, reaching $647.31. 3,905,295 shares of the stock traded hands, compared to its average volume of 567,984. The company has a market capitalization of $31.58 billion, a price-to-earnings ratio of 72.98, a P/E/G ratio of 3.62 and a beta of 1.15. The business has a fifty day simple moving average of $881.04 and a two-hundred day simple moving average of $830.41. Monolithic Power Systems, Inc. has a 52-week low of $500.54 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) 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%. On average, research analysts predict that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.77%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems's payout ratio is 56.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Loop Capital began coverage on Monolithic Power Systems in a research report on Monday. They set a "hold" rating and a $660.00 price objective on the stock. 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 note on Thursday, October 31st. 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 research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Finally, KeyCorp increased their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $916.73.

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.