Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 22.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 137,536 shares of the semiconductor company’s stock after selling 40,885 shares during the period. BNP Paribas Financial Markets’ holdings in Monolithic Power Systems were worth $127,152,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Family Firm Inc. purchased a new stake in Monolithic Power Systems in the 2nd quarter worth approximately $25,000. NBC Securities Inc. boosted its holdings in shares of Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 26 shares during the last quarter. Wolff Wiese Magana LLC grew its position in shares of Monolithic Power Systems by 3,400.0% in the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 34 shares during the period. Ashton Thomas Securities LLC acquired a new position in Monolithic Power Systems in the third quarter valued at $36,000. Finally, Atwood & Palmer Inc. purchased a new position in Monolithic Power Systems during the second quarter worth about $33,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Down 4.8 %

Shares of Monolithic Power Systems stock opened at $572.08 on Wednesday. Monolithic Power Systems, Inc. has a twelve month low of $538.00 and a twelve month high of $959.64. The stock has a market cap of $27.91 billion, a price-to-earnings ratio of 64.50, a price-to-earnings-growth ratio of 2.86 and a beta of 1.15. The company has a fifty day moving average price of $820.61 and a 200 day moving average price of $822.73.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. Analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have commented on MPWR. Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Truist Financial restated a “buy” rating and issued a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. KeyCorp cut their price target 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. Raymond James boosted their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company initiated 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. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average target price of $840.36.

Insider Activity

In other news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the sale, the chief financial officer now directly owns 59,178 shares of the company’s stock, valued at approximately $53,754,928.08. The trade was a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $929.59, for a total value of $10,225,490.00. Following the completion of the transaction, the executive vice president now directly owns 103,829 shares of the company’s stock, valued at $96,518,400.11. This represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,100 shares of company stock worth $17,913,521 over the last 90 days. Company 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.