Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank cut its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 31.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,017 shares of the semiconductor company's stock after selling 8,164 shares during the period. Toronto Dominion Bank's holdings in Monolithic Power Systems were worth $16,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in MPWR. Family Firm Inc. purchased a new position in shares of Monolithic Power Systems during the 2nd quarter valued at approximately $25,000. NBC Securities Inc. grew its position in Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock valued at $29,000 after buying an additional 26 shares during the period. Wolff Wiese Magana LLC increased its holdings in Monolithic Power Systems by 3,400.0% in the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company's stock valued at $32,000 after buying an additional 34 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Monolithic Power Systems in the third quarter worth about $36,000. Finally, Crewe Advisors LLC boosted its stake in shares of Monolithic Power Systems by 126.3% during the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 24 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 11,000 shares of the business's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the completion of the sale, the executive vice president now owns 103,829 shares in the company, valued at approximately $96,518,400.11. The trade was a 9.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the sale, the chief financial officer now owns 53,444 shares in the company, valued at $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,100 shares of company stock valued at $17,153,021 over the last quarter. 3.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Oppenheimer restated an "outperform" rating and set a $900.00 price objective on shares of Monolithic Power Systems in a research report on Monday, November 11th. Wells Fargo & Company initiated 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. Truist Financial reiterated a "buy" rating and issued a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Citigroup started coverage on Monolithic Power Systems in a research report on Wednesday. They issued a "buy" rating and a $700.00 target price on the stock. Finally, Rosenblatt Securities lowered Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $828.67.

Monolithic Power Systems Stock Up 0.5 %

Monolithic Power Systems stock traded up $2.99 during mid-day trading on Friday, reaching $608.44. 896,875 shares of the company's stock were exchanged, compared to its average volume of 623,702. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The company has a market cap of $29.68 billion, a P/E ratio of 68.60, a P/E/G ratio of 2.97 and a beta of 1.05. The company has a fifty day moving average of $730.56 and a 200-day moving average of $806.89.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.05). The company had revenue of $620.12 million for the quarter, compared to analysts' expectations of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. Equities research analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.82%. Monolithic Power Systems's payout ratio is currently 56.37%.

About Monolithic Power Systems

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.