Allspring Global Investments Holdings LLC Decreases Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Allspring Global Investments Holdings LLC decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 10.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 196,674 shares of the semiconductor company’s stock after selling 22,195 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.40% of Monolithic Power Systems worth $181,825,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MPWR. Family Firm Inc. purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at about $25,000. RiverPark Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the 1st quarter valued at about $27,000. NBC Securities Inc. increased its position in shares of Monolithic Power Systems by 433.3% during 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. OFI Invest Asset Management purchased a new stake in shares of Monolithic Power Systems during the 1st quarter valued at about $31,000. Finally, Wolff Wiese Magana LLC increased its position 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 valued at $32,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Activity

In related news, EVP Deming Xiao sold 10,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the sale, the executive vice president now owns 29,714 shares in the company, valued at approximately $28,228,300. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction on 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 sale, the executive vice president now owns 103,829 shares in the company, valued at approximately $96,518,400.11. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 10,000 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total value of $9,500,000.00. Following the sale, the executive vice president now owns 29,714 shares in the company, valued at $28,228,300. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,535 shares of company stock worth $51,396,728. 3.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on MPWR. Needham & Company LLC upped their price target on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Truist Financial reiterated a “buy” rating and set a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. TD Cowen upgraded Monolithic Power Systems to a “strong-buy” rating in a research note on Monday, September 16th. Finally, Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $959.90.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR traded down $1.84 during midday trading on Friday, reaching $916.29. 260,734 shares of the stock traded hands, compared to its average volume of 528,347. The stock has a market capitalization of $44.60 billion, a PE ratio of 109.21, a P/E/G ratio of 4.33 and a beta of 1.11. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $959.64. The company’s 50 day moving average is $902.98 and its 200 day moving average is $808.99.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The firm had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.05 EPS. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 10.41 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $1.25 per share. The ex-dividend date was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.55%. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

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.