Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Mizuho Securities USA LLC

Mizuho Securities USA LLC cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 15.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,161 shares of the semiconductor company’s stock after selling 593 shares during the quarter. Mizuho Securities USA LLC’s holdings in Monolithic Power Systems were worth $2,922,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Dynamic Advisor Solutions LLC raised its position in Monolithic Power Systems by 3.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after acquiring an additional 12 shares during the period. Evergreen Capital Management LLC increased its stake in shares of Monolithic Power Systems by 1.4% during the second quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock worth $731,000 after purchasing an additional 12 shares in the last quarter. Outlook Wealth Advisors LLC raised its position in shares of Monolithic Power Systems by 2.5% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock worth $461,000 after purchasing an additional 12 shares during the last quarter. Greenleaf Trust lifted its stake in Monolithic Power Systems by 1.5% in the 3rd quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock valued at $905,000 after buying an additional 14 shares in the last quarter. Finally, Aptus Capital Advisors LLC boosted its holdings in Monolithic Power Systems by 4.8% in the 3rd 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. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Up 1.5 %

Monolithic Power Systems stock opened at $580.81 on Friday. The company has a 50-day moving average price of $832.97 and a 200 day moving average price of $822.93. Monolithic Power Systems, Inc. has a 12-month low of $538.00 and a 12-month high of $959.64. The stock has a market cap of $28.33 billion, a P/E ratio of 65.48, a PEG ratio of 2.73 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly 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). 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%. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.86%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Analysts Set New Price Targets

A number of equities analysts have commented on MPWR shares. Stifel Nicolaus increased their target price 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. Truist Financial reissued a “buy” rating and issued a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. KeyCorp lowered their target price on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Rosenblatt Securities lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC decreased their price target on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $840.36.

Insider Activity

In other news, EVP Deming Xiao sold 9,259 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 20,455 shares in the company, valued at approximately $19,432,250. This represents a 31.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred 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 directly owns 61,678 shares of the company’s stock, valued at $55,769,247.60. The trade was a 3.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,359 shares of company stock valued at $26,709,571 in the last quarter. Insiders own 3.70% of the company’s stock.

Monolithic Power Systems 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.