Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 27.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,831 shares of the semiconductor company's stock after selling 1,451 shares during the quarter. Wasatch Advisors LP's holdings in Monolithic Power Systems were worth $3,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Swedbank AB acquired a new position in shares of Monolithic Power Systems during the first quarter worth $3,387,000. Cetera Investment Advisers boosted its holdings in Monolithic Power Systems by 237.3% in the first quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company's stock worth $4,583,000 after acquiring an additional 4,760 shares in the last quarter. Cetera Advisors LLC grew its stake in shares of Monolithic Power Systems by 37.7% during the first quarter. Cetera Advisors LLC now owns 1,246 shares of the semiconductor company's stock worth $844,000 after acquiring an additional 341 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Monolithic Power Systems by 301.3% during the first quarter. EverSource Wealth Advisors LLC now owns 317 shares of the semiconductor company's stock valued at $212,000 after acquiring an additional 238 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Monolithic Power Systems by 61.2% during the second quarter. GAMMA Investing LLC now owns 872 shares of the semiconductor company's stock valued at $717,000 after acquiring an additional 331 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Activity at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total value of $2,270,900.00. Following the completion of the transaction, the chief financial officer now directly owns 59,178 shares in the company, valued at approximately $53,754,928.08. This trade represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of the business's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $929.59, for a total value of $10,225,490.00. Following the transaction, 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 9.58 % 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. Corporate insiders own 3.70% of the company's stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR traded up $7.40 during mid-day trading on Friday, reaching $567.64. 595,268 shares of the company were exchanged, compared to its average volume of 1,344,465. Monolithic Power Systems, Inc. has a 1 year low of $542.73 and a 1 year high of $959.64. The firm's 50-day simple moving average is $795.21 and its 200 day simple moving average is $818.50. The firm has a market cap of $27.69 billion, a price-to-earnings ratio of 64.00, a P/E/G ratio of 2.70 and a beta of 1.15.

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 for the quarter, missing analysts' consensus estimates 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 firm had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems's payout ratio is 56.37%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Needham & Company LLC lowered their target price on shares of Monolithic Power Systems from $950.00 to $600.00 and set a "buy" rating for the company in a research note on Friday, November 22nd. TD Cowen lowered their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Loop Capital raised Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 price target for the company in a report on Monday, November 18th. KeyCorp cut their target price on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating for the company in a report on Monday, November 18th. Finally, Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Two equities 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 a consensus target price of $840.36.

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.