DekaBank Deutsche Girozentrale Reduces Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

DekaBank Deutsche Girozentrale cut its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 190,443 shares of the semiconductor company’s stock after selling 704 shares during the period. DekaBank Deutsche Girozentrale owned 0.39% of Monolithic Power Systems worth $174,255,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Monolithic Power Systems by 19.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock valued at $37,583,000 after buying an additional 9,125 shares during the last quarter. Cetera Investment Advisers raised its stake 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 valued at $4,583,000 after acquiring an additional 4,760 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Monolithic Power Systems by 4.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 115,098 shares of the semiconductor company’s stock valued at $77,970,000 after acquiring an additional 5,335 shares during the last quarter. Czech National Bank lifted its position in Monolithic Power Systems by 9.8% during the 2nd quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock worth $7,620,000 after acquiring an additional 824 shares during the period. Finally, Acadian Asset Management LLC grew 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 last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $852.51, for a total value of $2,131,275.00. Following the completion of the transaction, the chief financial officer now directly owns 64,906 shares in the company, valued at approximately $55,333,014.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction on 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 transaction, the executive vice president now owns 103,829 shares in the company, valued at $96,518,400.11. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $852.51, for a total value of $2,131,275.00. Following the sale, the chief financial officer now owns 64,906 shares of the company’s stock, valued at approximately $55,333,014.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,136 shares of company stock valued at $38,591,228 in the last quarter. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Trading Up 0.1 %

Shares of MPWR opened at $901.29 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $959.64. The stock has a market cap of $43.94 billion, a P/E ratio of 107.30, a PEG ratio of 4.06 and a beta of 1.11. The company has a 50-day moving average of $904.09 and a two-hundred day moving average of $816.92.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.07 by $0.10. The company 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%. Monolithic Power Systems’s revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.05 earnings per share. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s payout ratio is 59.52%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Needham & Company LLC upped their price target on Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Stifel Nicolaus lifted their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. TD Cowen upgraded shares of Monolithic Power Systems to a “strong-buy” rating in a research report on Monday, September 16th. 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 report on Friday, August 2nd. Finally, KeyCorp lifted their price target 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. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $959.90.

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.