Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Eventide Asset Management LLC

Eventide Asset Management LLC reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 93,869 shares of the semiconductor company's stock after selling 4,734 shares during the quarter. Monolithic Power Systems accounts for 1.5% of Eventide Asset Management LLC's investment portfolio, making the stock its 16th largest position. Eventide Asset Management LLC owned 0.19% of Monolithic Power Systems worth $86,782,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Family Firm Inc. acquired a new stake in shares of Monolithic Power Systems during the second quarter worth about $25,000. NBC Securities Inc. increased its stake 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 buying an additional 26 shares during the period. Wolff Wiese Magana LLC lifted its holdings in Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company's stock worth $32,000 after buying an additional 34 shares in the last quarter. Atwood & Palmer Inc. purchased a new position in Monolithic Power Systems in the 2nd quarter valued at approximately $33,000. Finally, Crewe Advisors LLC grew its stake in shares of Monolithic Power Systems by 126.3% in the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 24 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the transaction, the chief financial officer now directly owns 55,944 shares in the company, valued at approximately $42,805,551.60. The trade was a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Deming Xiao sold 866 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the sale, the executive vice president now directly owns 162,239 shares of the company's stock, valued at $124,135,548.46. The trade was a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,100 shares of company stock worth $17,913,521. 3.70% of the stock is owned by insiders.

Monolithic Power Systems Trading Up 1.3 %

NASDAQ:MPWR traded up $7.40 during midday trading on Friday, hitting $567.64. 595,268 shares of the company were exchanged, compared to its average volume of 615,154. Monolithic Power Systems, Inc. has a fifty-two week low of $542.73 and a fifty-two week high of $959.64. The company has a market capitalization of $27.69 billion, a PE ratio of 64.00, a price-to-earnings-growth ratio of 2.67 and a beta of 1.15. The company has a fifty day simple moving average of $795.21 and a 200 day simple moving average of $817.96.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued 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 return on equity of 20.44% and a net margin of 21.29%. The firm had revenue of $620.12 million for the quarter, compared to analysts' expectations of $600.10 million. As a group, equities research analysts expect that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems's dividend payout ratio (DPR) is 56.37%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Raymond James upped their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. Needham & Company LLC reduced their target price on shares of Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating on the stock in a report on Friday, November 22nd. Rosenblatt Securities cut shares of Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. Loop Capital upgraded shares of Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 price objective on the stock in a report on Monday, November 18th. Finally, Wells Fargo & Company started coverage on shares of Monolithic Power Systems in a research report on Friday, November 22nd. They set an "equal weight" rating and a $610.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $840.36.

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.