Thrivent Financial for Lutherans Sells 1,663 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Thrivent Financial for Lutherans lessened its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 4.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,024 shares of the semiconductor company's stock after selling 1,663 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of Monolithic Power Systems worth $30,531,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Alpha Family Trust acquired a new stake in Monolithic Power Systems in the third quarter valued at $217,000. Atlanta Consulting Group Advisors LLC bought a new position in shares of Monolithic Power Systems in the third quarter valued at about $297,000. Sather Financial Group Inc bought a new stake in shares of Monolithic Power Systems during the 3rd quarter worth about $688,000. Paragon Advisors LLC lifted its position in Monolithic Power Systems by 4.6% during the third quarter. Paragon Advisors LLC now owns 2,131 shares of the semiconductor company's stock worth $1,970,000 after acquiring an additional 94 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its holdings in shares of Monolithic Power Systems by 1,118.2% during the third quarter. Mizuho Securities USA LLC now owns 45,733 shares of the semiconductor company's stock worth $42,280,000 after acquiring an additional 41,979 shares during the period. Institutional investors own 93.46% of the company's stock.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Deming Xiao sold 9,259 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the completion of the transaction, the executive vice president now owns 20,455 shares of the company's stock, valued at $19,432,250. This represents a 31.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the transaction, the chief financial officer now owns 61,678 shares in the company, valued at $55,769,247.60. This represents a 3.90 % decrease in their position. 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 over the last 90 days. Insiders own 3.70% of the company's stock.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR traded down $26.14 during trading on Wednesday, reaching $559.73. The company's stock had a trading volume of 1,461,287 shares, compared to its average volume of 602,031. The firm has a market cap of $27.30 billion, a price-to-earnings ratio of 62.14, a price-to-earnings-growth ratio of 2.73 and a beta of 1.15. Monolithic Power Systems, Inc. has a 12 month low of $535.39 and a 12 month high of $959.64. The firm has a 50 day moving average of $846.27 and a 200-day moving average of $826.59.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released 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). The business had revenue of $620.12 million during the quarter, compared to analysts' expectations of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. Equities research analysts forecast 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 0.89%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems's dividend payout ratio (DPR) is currently 56.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MPWR shares. Loop Capital raised Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 target price for the company in a report on Monday. Rosenblatt Securities cut Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Truist Financial reiterated a "buy" rating and set a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Stifel Nicolaus boosted their price target on 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. Finally, Needham & Company LLC reissued a "buy" rating and issued a $950.00 target price on shares of Monolithic Power Systems in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Monolithic Power Systems currently has an average rating of "Moderate Buy" and a consensus price target of $882.64.

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.