Natixis Advisors LLC Has $153.75 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Natixis Advisors LLC trimmed its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 166,308 shares of the semiconductor company's stock after selling 4,318 shares during the period. Natixis Advisors LLC owned about 0.34% of Monolithic Power Systems worth $153,752,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Mizuho Securities USA LLC lifted its holdings in shares of Monolithic Power Systems by 1,118.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 45,733 shares of the semiconductor company's stock valued at $42,280,000 after acquiring an additional 41,979 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Monolithic Power Systems by 29.0% during the third quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company's stock worth $3,741,000 after purchasing an additional 909 shares in the last quarter. Empirical Finance LLC grew its stake in shares of Monolithic Power Systems by 4.4% in the third quarter. Empirical Finance LLC now owns 1,229 shares of the semiconductor company's stock valued at $1,136,000 after buying an additional 52 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Monolithic Power Systems by 8.5% during the third quarter. CIBC Asset Management Inc now owns 7,075 shares of the semiconductor company's stock worth $6,541,000 after purchasing an additional 555 shares in the last quarter. Finally, Lifeworks Advisors LLC acquired a new stake in Monolithic Power Systems in the third quarter valued at $469,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MPWR has been the topic of a number of research analyst reports. Truist Financial reaffirmed a "buy" rating and set a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Oppenheimer restated an "outperform" rating and set a $900.00 price objective on shares of Monolithic Power Systems in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Raymond James raised their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Finally, Rosenblatt Securities downgraded shares of Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research 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 company's stock. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of "Moderate Buy" and a consensus price target of $916.73.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.15, for a total transaction of $561,620.10. Following the transaction, the chief financial officer now 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 103,829 shares of the company's stock, valued at approximately $96,518,400.11. This represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,359 shares of company stock valued at $36,209,571 in the last three months. 3.70% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR traded down $3.41 during trading hours on Friday, hitting $573.38. The stock had a trading volume of 1,622,831 shares, compared to its average volume of 593,631. Monolithic Power Systems, Inc. has a 1-year low of $532.86 and a 1-year high of $959.64. The firm has a market capitalization of $27.97 billion, a price-to-earnings ratio of 64.64, a PEG ratio of 2.86 and a beta of 1.15. The stock's fifty day simple moving average is $856.47 and its 200 day simple moving average is $826.00.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts' consensus estimates of $3.04 by ($0.05). The company had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. As a group, research analysts anticipate 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. Stockholders of record on Monday, September 30th were paid 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 presently 56.37%.

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.