Worldquant Millennium Advisors LLC Lowers Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Worldquant Millennium Advisors LLC lessened its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 26.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,740 shares of the semiconductor company's stock after selling 1,667 shares during the period. Worldquant Millennium Advisors LLC's holdings in Monolithic Power Systems were worth $4,382,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Whale Rock Capital Management LLC grew its position in Monolithic Power Systems by 104.4% during the third quarter. Whale Rock Capital Management LLC now owns 200,490 shares of the semiconductor company's stock valued at $185,353,000 after buying an additional 102,380 shares during the period. State Street Corp boosted its stake in shares of Monolithic Power Systems by 2.1% during the 3rd quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company's stock worth $1,930,301,000 after acquiring an additional 42,678 shares in the last quarter. Stevens Capital Management LP acquired a new stake in shares of Monolithic Power Systems during the 3rd quarter valued at about $332,000. Stifel Financial Corp increased its stake in shares of Monolithic Power Systems by 6.3% in the 3rd quarter. Stifel Financial Corp now owns 30,505 shares of the semiconductor company's stock valued at $28,204,000 after purchasing an additional 1,817 shares in the last quarter. Finally, QSV Equity Investors LLC acquired a new position in Monolithic Power Systems in the 3rd quarter worth about $208,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Trading Up 3.0 %

MPWR stock traded up $17.36 during mid-day trading on Friday, reaching $589.68. The company's stock had a trading volume of 734,432 shares, compared to its average volume of 1,308,833. The company's 50 day moving average is $761.58 and its two-hundred day moving average is $812.33. Monolithic Power Systems, Inc. has a fifty-two week low of $546.71 and a fifty-two week high of $959.64. The stock has a market cap of $28.76 billion, a PE ratio of 66.48, a P/E/G ratio of 2.77 and a beta of 1.05.

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

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.25 per share. The ex-dividend date was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.85%. Monolithic Power Systems's dividend payout ratio is presently 56.37%.

Analyst Ratings Changes

Several analysts have commented on MPWR shares. Stifel Nicolaus raised their price objective on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a "buy" rating in a report on Friday, September 27th. KeyCorp cut their price target on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating for the company in a report on Monday, November 18th. Loop Capital raised shares of Monolithic Power Systems from a "hold" rating to a "buy" rating and set a $660.00 price objective on the stock in a report on Monday, November 18th. Rosenblatt Securities lowered shares of Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Finally, Oppenheimer restated an "outperform" rating and set a $900.00 price target on shares of Monolithic Power Systems in a research report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Monolithic Power Systems presently has an average rating of "Moderate Buy" and an average price target of $840.36.

Insider Activity

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the sale, the executive vice president now owns 162,239 shares of the company's stock, valued at $124,135,548.46. This trade represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total value of $2,270,900.00. Following the completion of the sale, the chief financial officer now owns 59,178 shares in the company, valued at $53,754,928.08. This represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,600 shares of company stock valued at $15,653,021. 3.70% of the stock is currently owned by insiders.

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.