MetLife Investment Management LLC Trims Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

MetLife Investment Management LLC trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,786 shares of the semiconductor company’s stock after selling 345 shares during the quarter. MetLife Investment Management LLC’s holdings in Monolithic Power Systems were worth $13,670,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Family Firm Inc. acquired a new position in Monolithic Power Systems in the second quarter valued at approximately $25,000. NBC Securities Inc. lifted its stake in shares of Monolithic Power Systems by 433.3% in 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 last quarter. Wolff Wiese Magana LLC grew its holdings in shares of Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 34 shares during the period. Atwood & Palmer Inc. purchased a new position in shares of Monolithic Power Systems during the 2nd quarter worth $33,000. Finally, Crewe Advisors LLC increased its position in shares of Monolithic Power Systems by 126.3% during the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MPWR shares. Raymond James increased their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Wells Fargo & Company assumed coverage on Monolithic Power Systems in a research report on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 target price on the stock. 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 research report on Monday, November 18th. Finally, Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $840.36.

Monolithic Power Systems Price Performance

MPWR opened at $560.24 on Thursday. The business has a fifty day moving average price of $808.70 and a 200 day moving average price of $819.98. 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 capitalization of $27.33 billion, a price-to-earnings ratio of 63.16, a PEG ratio of 2.86 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The company 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%. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.89%. Monolithic Power Systems’s payout ratio is 56.37%.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the completion of the sale, the executive vice president now directly owns 103,829 shares of the company’s stock, valued at $96,518,400.11. The trade was a 9.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Deming Xiao sold 866 shares of the company’s stock in a transaction dated 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 directly owns 162,239 shares of the company’s stock, valued at approximately $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. In the last three months, insiders sold 20,100 shares of company stock valued at $17,913,521. Insiders own 3.70% of the company’s stock.

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.