Citigroup Inc. Reduces Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Citigroup Inc. trimmed its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 317,488 shares of the semiconductor company’s stock after selling 12,344 shares during the quarter. Citigroup Inc.’s holdings in Monolithic Power Systems were worth $293,518,000 at the end of the most recent quarter.

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

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the transaction, the executive vice president now owns 103,829 shares in the company, valued at $96,518,400.11. This represents a 9.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deming Xiao sold 9,259 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the completion of the sale, the executive vice president now directly owns 20,455 shares of the company’s stock, valued at approximately $19,432,250. This trade represents a 31.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,359 shares of company stock valued at $26,709,571 over the last ninety days. Insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $566.04 on Friday. The company has a market capitalization of $27.61 billion, a price-to-earnings ratio of 63.82, a price-to-earnings-growth ratio of 2.79 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. The company’s 50-day moving average is $839.56 and its 200 day moving average is $824.73.

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 the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The firm had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s payout ratio is currently 56.37%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Oppenheimer reiterated an “outperform” rating and issued a $900.00 price target on shares of Monolithic Power Systems in a report on Monday, November 11th. Stifel Nicolaus boosted their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. KeyCorp decreased their target price on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Wells Fargo & Company assumed coverage on Monolithic Power Systems in a research report on Friday. They set an “equal weight” rating and a $610.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $840.36.

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.