Jacobs Levy Equity Management Inc. Has $20.26 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Jacobs Levy Equity Management Inc. lessened its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 48.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,914 shares of the semiconductor company's stock after selling 20,768 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Monolithic Power Systems were worth $20,259,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MPWR. FMR LLC boosted its holdings in shares of Monolithic Power Systems by 11.4% during the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company's stock worth $3,253,664,000 after purchasing an additional 361,416 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Monolithic Power Systems by 26.3% during 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 in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Monolithic Power Systems by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 314,264 shares of the semiconductor company's stock valued at $290,537,000 after acquiring an additional 5,645 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Monolithic Power Systems by 14.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 275,979 shares of the semiconductor company's stock worth $226,767,000 after purchasing an additional 34,557 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Monolithic Power Systems by 0.5% in the second quarter. American Century Companies Inc. now owns 235,508 shares of the semiconductor company's stock worth $193,513,000 after purchasing an additional 1,262 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Monolithic Power Systems

In other news, EVP Deming Xiao sold 866 shares of the firm'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 owns 162,239 shares in the company, valued at approximately $124,135,548.46. This trade represents a 0.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.15, for a total transaction of $561,620.10. Following the completion of the sale, the chief financial officer now owns 55,944 shares of the company's stock, valued at $42,805,551.60. This trade represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,600 shares of company stock valued at $15,653,021 over the last quarter. Corporate insiders own 3.70% of the company's stock.

Monolithic Power Systems Price Performance

MPWR traded down $9.31 during mid-day trading on Thursday, hitting $572.32. The stock had a trading volume of 696,500 shares, compared to its average volume of 616,654. The stock's fifty day simple moving average is $775.72 and its 200-day simple moving average is $814.78. The firm has a market capitalization of $27.92 billion, a price-to-earnings ratio of 65.57, a price-to-earnings-growth ratio of 2.78 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 posted its 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 firm had revenue of $620.12 million during 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%. As a group, research analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share 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. Stockholders of record on Monday, September 30th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems's dividend payout ratio is 56.37%.

Analysts Set New Price Targets

MPWR has been the subject of a number of research reports. TD Cowen decreased their target price 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. KeyCorp dropped their target price on Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating on the stock in a report on Monday, November 18th. Rosenblatt Securities cut Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. Truist Financial reiterated a "buy" rating and set a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a research 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 report on Friday, September 27th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and a consensus target price 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.