Janney Montgomery Scott LLC Sells 653 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Janney Montgomery Scott LLC lowered its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,992 shares of the semiconductor company’s stock after selling 653 shares during the period. Janney Montgomery Scott LLC’s holdings in Monolithic Power Systems were worth $23,105,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Monolithic Power Systems by 19.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock worth $37,583,000 after buying an additional 9,125 shares during the period. Cetera Investment Advisers lifted its holdings in Monolithic Power Systems by 237.3% during the 1st quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock worth $4,583,000 after buying an additional 4,760 shares during the period. Czech National Bank lifted its stake in shares of Monolithic Power Systems by 9.8% in the 2nd quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock valued at $7,620,000 after purchasing an additional 824 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Monolithic Power Systems by 224.4% in the 1st quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock valued at $1,034,000 after purchasing an additional 1,057 shares during the period. Finally, Mediolanum International Funds Ltd acquired a new position in shares of Monolithic Power Systems in the 1st quarter valued at about $5,161,000. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Up 0.9 %

Shares of Monolithic Power Systems stock opened at $766.57 on Tuesday. The company has a market cap of $37.37 billion, a PE ratio of 86.42, a price-to-earnings-growth ratio of 3.51 and a beta of 1.15. Monolithic Power Systems, Inc. has a 52 week low of $480.43 and a 52 week high of $959.64. The business has a 50 day moving average price of $894.14 and a 200-day moving average price of $825.91.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). The company had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. KeyCorp boosted their price objective on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Truist Financial reissued a “buy” rating and issued 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 dropped their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Rosenblatt Securities downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average price target of $942.40.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 728 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $566,667.92. Following the completion of the sale, the chief financial officer now directly owns 64,178 shares of the company’s stock, valued at $49,955,513.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Deming Xiao sold 859 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $668,637.01. Following the completion of the sale, the executive vice president now directly owns 202,354 shares of the company’s stock, valued at approximately $157,510,330.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Theodore Blegen sold 728 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $566,667.92. Following the sale, the chief financial officer now directly owns 64,178 shares of the company’s stock, valued at $49,955,513.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,636 shares of company stock valued at $36,459,953 over the last ninety days. 3.70% of the stock is currently owned by insiders.

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.