Mizuho Securities USA LLC Cuts Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mizuho Securities USA LLC lessened its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 15.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,161 shares of the semiconductor company’s stock after selling 593 shares during the quarter. Mizuho Securities USA LLC’s holdings in Monolithic Power Systems were worth $2,922,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in shares of Monolithic Power Systems by 26.3% during the third quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock worth $395,715,000 after buying an additional 93,362 shares during the period. Earnest Partners LLC increased its position in shares of Monolithic Power Systems by 5.2% in the 1st quarter. Earnest Partners LLC now owns 290,876 shares of the semiconductor company’s stock valued at $197,045,000 after purchasing an additional 14,327 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Monolithic Power Systems by 14.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 275,979 shares of the semiconductor company’s stock valued at $226,767,000 after purchasing an additional 34,557 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Monolithic Power Systems by 0.5% during the 2nd quarter. American Century Companies Inc. now owns 235,508 shares of the semiconductor company’s stock worth $193,513,000 after purchasing an additional 1,262 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Monolithic Power Systems by 0.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 191,147 shares of the semiconductor company’s stock worth $156,276,000 after purchasing an additional 1,102 shares in the last quarter. Hedge funds and other 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 866 shares of Monolithic Power Systems stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the sale, the executive vice president now owns 162,239 shares of the company’s stock, valued at $124,135,548.46. The trade was a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of the business’s 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 transaction, the executive vice president now owns 103,829 shares in the company, valued at approximately $96,518,400.11. This trade represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,359 shares of company stock valued at $26,709,571 in the last ninety days. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MPWR. Truist Financial reissued a “buy” rating and issued a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. KeyCorp dropped their price objective on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Raymond James boosted their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Rosenblatt Securities lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company started coverage on shares of Monolithic Power Systems in a report on Friday. They set an “equal weight” rating and a $610.00 price objective on the stock. Two 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 has an average rating of “Moderate Buy” and a consensus price target of $840.36.

Monolithic Power Systems Trading Up 1.5 %

MPWR stock opened at $580.81 on Friday. The business has a 50 day simple moving average of $832.97 and a 200-day simple moving average of $822.93. The company has a market capitalization of $28.33 billion, a P/E ratio of 65.48, a PEG ratio of 2.73 and a beta of 1.15. Monolithic Power Systems, Inc. has a twelve month low of $538.00 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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). The business 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%. Research analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend 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.