National Bank of Canada FI Has $44.27 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

National Bank of Canada FI reduced its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 44.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 47,881 shares of the semiconductor company's stock after selling 38,079 shares during the quarter. National Bank of Canada FI owned about 0.10% of Monolithic Power Systems worth $44,265,000 as of its most recent filing with the SEC.

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

Monolithic Power Systems Stock Up 3.4 %

MPWR stock traded up $19.99 during midday trading on Monday, reaching $609.67. The company had a trading volume of 1,015,365 shares, compared to its average volume of 618,833. The stock has a 50 day moving average price of $755.28 and a 200 day moving average price of $811.73. The firm has a market capitalization of $29.74 billion, a PE ratio of 68.73, a P/E/G ratio of 2.81 and a beta of 1.05. Monolithic Power Systems, Inc. has a fifty-two week low of $546.71 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced 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). 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 for the quarter, compared to analyst estimates of $600.10 million. Research analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS 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 issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.82%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems's payout ratio is currently 56.37%.

Analysts Set New Price Targets

Several research firms recently commented on MPWR. Oppenheimer reiterated an "outperform" rating and issued a $900.00 target price on shares of Monolithic Power Systems in a research note on Monday, November 11th. Stifel Nicolaus upped their price objective 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. Truist Financial reissued a "buy" rating and issued a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. 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 target for the company. Finally, Rosenblatt Securities lowered shares of Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $840.36.

Insider Activity at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 734 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 55,944 shares in the company, valued at $42,805,551.60. The trade was a 1.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Deming Xiao sold 866 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the sale, the executive vice president now directly owns 162,239 shares of the company's stock, valued at approximately $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,600 shares of company stock worth $15,653,021 in the last 90 days. Corporate insiders own 3.70% of the company's stock.

Monolithic Power Systems 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.