Natixis Advisors LLC Sells 16,625 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Natixis Advisors LLC cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,683 shares of the semiconductor company's stock after selling 16,625 shares during the period. Natixis Advisors LLC owned 0.31% of Monolithic Power Systems worth $88,568,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. EULAV Asset Management raised its position in shares of Monolithic Power Systems by 8.6% in the 3rd quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company's stock worth $100,099,000 after acquiring an additional 8,600 shares in the last quarter. Paragon Advisors LLC boosted its stake in Monolithic Power Systems by 140.6% during the fourth quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company's stock worth $3,034,000 after acquiring an additional 2,997 shares in the last quarter. Empowered Funds LLC increased its stake in Monolithic Power Systems by 29.0% in the third quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company's stock valued at $3,741,000 after purchasing an additional 909 shares in the last quarter. Perpetual Ltd raised its holdings in shares of Monolithic Power Systems by 1,042.4% during the fourth quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company's stock valued at $1,737,000 after purchasing an additional 2,679 shares during the period. Finally, FMR LLC raised 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 valued at $3,253,664,000 after purchasing an additional 361,416 shares during the period. Institutional investors own 93.46% of the company's stock.

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Monolithic Power Systems Trading Down 2.7 %

Shares of MPWR traded down $16.98 during trading hours on Tuesday, reaching $623.66. 377,093 shares of the stock traded hands, compared to its average volume of 884,841. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64. The company has a market cap of $29.85 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 2.60 and a beta of 1.03. The stock has a fifty day simple moving average of $636.42 and a 200 day simple moving average of $713.38.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.56 per share. The ex-dividend date is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 1.00%. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's dividend payout ratio is presently 16.97%.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 7,000 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the sale, the executive vice president now owns 16,015 shares in the company, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.70% of the company's stock.

Analysts Set New Price Targets

MPWR has been the topic of a number of research reports. KeyCorp upped their price target on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Oppenheimer decreased their price objective on Monolithic Power Systems from $900.00 to $800.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Wells Fargo & Company increased their target price on Monolithic Power Systems from $610.00 to $710.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Citigroup began coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They set a "buy" rating and a $700.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of "Moderate Buy" and an average price target of $866.17.

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.