Banco Santander S.A. Has $330,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Banco Santander S.A. decreased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 96.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 357 shares of the semiconductor company’s stock after selling 10,734 shares during the quarter. Banco Santander S.A.’s holdings in Monolithic Power Systems were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in Monolithic Power Systems by 8.4% during the 3rd quarter. Pacer Advisors Inc. now owns 8,533 shares of the semiconductor company’s stock worth $7,889,000 after acquiring an additional 663 shares during the last quarter. Integrated Investment Consultants LLC acquired a new position in shares of Monolithic Power Systems in the 3rd quarter valued at $262,000. LPL Financial LLC grew its holdings in shares of Monolithic Power Systems by 9.1% in the 3rd quarter. LPL Financial LLC now owns 98,510 shares of the semiconductor company’s stock valued at $91,073,000 after buying an additional 8,238 shares during the period. Moran Wealth Management LLC increased its position in shares of Monolithic Power Systems by 0.5% in the 3rd quarter. Moran Wealth Management LLC now owns 15,150 shares of the semiconductor company’s stock valued at $14,006,000 after buying an additional 76 shares in the last quarter. Finally, EULAV Asset Management raised its stake in Monolithic Power Systems by 8.6% during the 3rd quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company’s stock worth $100,099,000 after buying an additional 8,600 shares during the period. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

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 stock was 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 owns 20,455 shares of the company’s stock, valued at approximately $19,432,250. This represents a 31.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $2,260,500.00. Following the transaction, the chief financial officer now owns 61,678 shares in the company, valued at approximately $55,769,247.60. This trade represents a 3.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,359 shares of company stock valued at $26,709,571 in the last quarter. 3.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MPWR has been the subject of several recent analyst reports. Loop Capital upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price target for the company in a report on Monday, November 18th. Needham & Company LLC cut their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research report on Friday. Stifel Nicolaus increased their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Raymond James boosted their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $900.00 price target on shares of Monolithic Power Systems in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $840.36.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $580.81 on Friday. The firm has a 50-day moving average of $826.30 and a 200-day moving average of $821.87. The company has a market cap of $28.33 billion, a PE ratio of 65.48, a price-to-earnings-growth ratio of 2.73 and a beta of 1.15. Monolithic Power Systems, Inc. has a one year low of $538.00 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly 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). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The business had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

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

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.