Mizuho Securities USA LLC Has $42.28 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mizuho Securities USA LLC lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 1,118.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,733 shares of the semiconductor company's stock after purchasing an additional 41,979 shares during the period. Mizuho Securities USA LLC owned 0.09% of Monolithic Power Systems worth $42,280,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its holdings in Monolithic Power Systems by 311.8% during the second 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 position 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 buying an additional 136,391 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of 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 worth $114,281,000 after buying an additional 123,481 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Monolithic Power Systems by 26.3% in the third quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company's stock valued at $395,715,000 after acquiring an additional 93,362 shares during the period. Finally, National Bank of Canada FI increased its position in Monolithic Power Systems by 364.2% during the second quarter. National Bank of Canada FI now owns 85,960 shares of the semiconductor company's stock worth $70,435,000 after acquiring an additional 67,444 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Down 0.6 %

MPWR traded down $3.41 during trading on Friday, hitting $573.38. The company's stock had a trading volume of 1,622,831 shares, compared to its average volume of 593,631. The stock has a market capitalization of $27.97 billion, a price-to-earnings ratio of 64.64, a price-to-earnings-growth ratio of 2.86 and a beta of 1.15. The firm's 50 day moving average price is $856.47 and its two-hundred day moving average price is $826.00. Monolithic Power Systems, Inc. has a 12 month low of $532.86 and a 12 month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results 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 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%. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems's dividend payout ratio (DPR) is presently 56.37%.

Wall Street Analyst Weigh In

MPWR has been the topic of several research reports. Truist Financial restated a "buy" rating and set a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Oppenheimer reissued an "outperform" rating and set a $900.00 price objective on shares of Monolithic Power Systems in a report on Monday, November 11th. Loop Capital initiated coverage on Monolithic Power Systems in a research note on Monday, November 11th. They issued a "hold" rating and a $660.00 target price for the company. Needham & Company LLC reissued a "buy" rating and issued a $950.00 price target on shares of Monolithic Power Systems in a report on Tuesday. Finally, Raymond James raised their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $916.73.

Insiders Place Their Bets

In other news, EVP Deming Xiao sold 9,259 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now owns 20,455 shares of the company's stock, valued at approximately $19,432,250. This trade represents a 31.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the sale, the chief financial officer now directly owns 61,678 shares of the company's stock, valued at approximately $55,769,247.60. This trade represents a 3.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,359 shares of company stock valued at $36,209,571. 3.70% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Company 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.