UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 4,356 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 232,051 shares of the semiconductor company's stock after selling 4,356 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.48% of Monolithic Power Systems worth $214,531,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC boosted its holdings in Monolithic Power Systems by 3.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company's stock valued at $268,000 after acquiring an additional 12 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in Monolithic Power Systems by 1.4% in the second quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company's stock valued at $731,000 after acquiring an additional 12 shares during the last quarter. Outlook Wealth Advisors LLC boosted its holdings in Monolithic Power Systems by 2.5% in the third quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company's stock valued at $461,000 after acquiring an additional 12 shares during the last quarter. Greenleaf Trust boosted its holdings in Monolithic Power Systems by 1.5% in the third quarter. Greenleaf Trust now owns 979 shares of the semiconductor company's stock valued at $905,000 after acquiring an additional 14 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its holdings in Monolithic Power Systems by 4.8% during the third quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company's stock worth $285,000 after buying an additional 14 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Trading Up 1.3 %

Shares of NASDAQ MPWR traded up $7.40 during mid-day trading on Friday, reaching $567.64. 595,268 shares of the company's stock were exchanged, compared to its average volume of 1,344,465. The firm has a market capitalization of $27.69 billion, a price-to-earnings ratio of 64.00, a PEG ratio of 2.70 and a beta of 1.15. The business has a fifty day simple moving average of $795.21 and a 200 day simple moving average of $817.96. Monolithic Power Systems, Inc. has a twelve month low of $542.73 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (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 firm had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Equities research analysts predict 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 was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems's dividend payout ratio is presently 56.37%.

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 55,944 shares in the company, valued at approximately $42,805,551.60. The trade was a 1.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the transaction, the executive vice president now owns 162,239 shares of the company's stock, valued at $124,135,548.46. This represents a 0.53 % 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 $17,913,521 in the last 90 days. 3.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MPWR. Loop Capital upgraded Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 target price on the stock in a report on Monday, November 18th. Truist Financial restated 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. Rosenblatt Securities cut Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. KeyCorp reduced their target price on Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating on the stock in a report on Monday, November 18th. Finally, TD Cowen reduced their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $840.36.

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.