Comgest Global Investors S.A.S. Sells 17,484 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Comgest Global Investors S.A.S. decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 43.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,387 shares of the semiconductor company's stock after selling 17,484 shares during the quarter. Comgest Global Investors S.A.S.'s holdings in Monolithic Power Systems were worth $20,697,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC boosted its holdings in Monolithic Power Systems by 3.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company's stock valued at $268,000 after purchasing an additional 12 shares during the period. Evergreen Capital Management LLC raised its position in Monolithic Power Systems by 1.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company's stock valued at $731,000 after purchasing an additional 12 shares during the last quarter. Outlook Wealth Advisors LLC lifted its position in Monolithic Power Systems by 2.5% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company's stock worth $461,000 after buying an additional 12 shares in the last quarter. Greenleaf Trust grew its stake in shares of Monolithic Power Systems by 1.5% during the third quarter. Greenleaf Trust now owns 979 shares of the semiconductor company's stock valued at $905,000 after purchasing an additional 14 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its position in Monolithic Power Systems by 4.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company's stock valued at $285,000 after buying an additional 14 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Insider Buying and Selling at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Deming Xiao sold 9,259 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the transaction, the executive vice president now directly owns 20,455 shares in the company, valued at $19,432,250. This represents a 31.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,359 shares of company stock worth $36,209,571 over the last ninety days. Insiders own 3.70% of the company's stock.

Monolithic Power Systems Price Performance

NASDAQ MPWR traded down $3.41 on Friday, hitting $573.38. 1,622,831 shares of the stock were exchanged, compared to its average volume of 593,631. The business's fifty day moving average is $856.47 and its 200 day moving average is $826.00. The company has a market capitalization of $27.97 billion, a PE ratio of 64.64, a P/E/G ratio of 2.86 and a beta of 1.15. 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 released 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). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The business had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. Analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MPWR shares. Raymond James raised their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. Loop Capital began coverage on Monolithic Power Systems in a report on Monday, November 11th. They set a "hold" rating and a $660.00 target price on the stock. TD Cowen reduced their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. 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. Finally, Stifel Nicolaus lifted their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $916.73.

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.