Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lessened its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 111,574 shares of the semiconductor company's stock after selling 905 shares during the period. Monolithic Power Systems comprises approximately 1.5% of TimesSquare Capital Management LLC's holdings, making the stock its 13th biggest position. TimesSquare Capital Management LLC owned approximately 0.23% of Monolithic Power Systems worth $103,150,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Family Firm Inc. bought a new position in shares of Monolithic Power Systems in the 2nd quarter worth approximately $25,000. NBC Securities Inc. lifted its stake in shares of Monolithic Power Systems by 433.3% in the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC lifted its stake in shares of Monolithic Power Systems by 3,400.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 34 shares during the period. Atwood & Palmer Inc. bought a new position in shares of Monolithic Power Systems in the 2nd quarter worth approximately $33,000. Finally, Crewe Advisors LLC lifted its stake in shares of Monolithic Power Systems by 126.3% in the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 24 shares during the period. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Stock Down 1.8 %

Shares of NASDAQ:MPWR traded down $13.91 during trading on Friday, reaching $761.30. 822,322 shares of the company's stock traded hands, compared to its average volume of 718,588. Monolithic Power Systems, Inc. has a fifty-two week low of $480.43 and a fifty-two week high of $959.64. The firm has a market cap of $37.14 billion, a PE ratio of 85.83, a P/E/G ratio of 3.74 and a beta of 1.15. The company has a 50-day simple moving average of $881.04 and a 200-day simple moving average of $830.41.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS 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 business had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company 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 0.66%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems's payout ratio is 56.37%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MPWR shares. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. TD Cowen cut 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. Rosenblatt Securities lowered shares of Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. KeyCorp raised their target price on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Finally, Raymond James lifted their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $942.40.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems 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 sale, the executive vice president now directly owns 103,829 shares in the company, valued at approximately $96,518,400.11. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Deming Xiao sold 10,000 shares of the company's stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the sale, the executive vice president now owns 29,714 shares of the company's stock, valued at approximately $28,228,300. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $10,225,490.00. Following the transaction, the executive vice president now owns 103,829 shares of the company's stock, valued at approximately $96,518,400.11. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,759 shares of company stock worth $34,985,340. Insiders own 3.70% of the company's stock.

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.