Versor Investments LP Sells 1,847 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Versor Investments LP reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 72.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 696 shares of the semiconductor company's stock after selling 1,847 shares during the period. Versor Investments LP's holdings in Monolithic Power Systems were worth $643,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MPWR. Family Firm Inc. bought a new stake in Monolithic Power Systems during the second quarter valued at about $25,000. NBC Securities Inc. boosted its stake in Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC grew its holdings in 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 valued at $32,000 after buying an additional 34 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Monolithic Power Systems in the 3rd quarter worth approximately $36,000. Finally, Atwood & Palmer Inc. acquired a new position in shares of Monolithic Power Systems during the second quarter worth approximately $33,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was 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 trade represents a 3.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deming Xiao sold 9,259 shares of the company's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total value of $8,796,050.00. Following the sale, the executive vice president now owns 20,455 shares of the company's stock, valued at approximately $19,432,250. The trade was a 31.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,359 shares of company stock valued at $36,209,571 in the last quarter. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems Stock Performance

NASDAQ MPWR traded down $24.68 during trading hours on Thursday, hitting $576.79. 2,087,668 shares of the company traded hands, compared to its average volume of 589,006. The stock has a market capitalization of $28.14 billion, a price-to-earnings ratio of 64.88, a P/E/G ratio of 3.07 and a beta of 1.15. Monolithic Power Systems, Inc. has a twelve month low of $532.86 and a twelve month high of $959.64. The business's 50-day moving average is $866.42 and its 200-day moving average is $828.49.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results 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 firm had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. Analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems's dividend payout ratio (DPR) is presently 56.37%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MPWR. Loop Capital initiated coverage on shares of Monolithic Power Systems in a research report on Monday. They issued a "hold" rating and a $660.00 price target on the stock. 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. Truist Financial reiterated a "buy" rating and issued a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. TD Cowen lowered their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. 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 research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of "Moderate Buy" and an average price target of $916.73.

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.