Global X Japan Co. Ltd. Sells 947 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Global X Japan Co. Ltd. decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 16.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,669 shares of the semiconductor company’s stock after selling 947 shares during the period. Global X Japan Co. Ltd.’s holdings in Monolithic Power Systems were worth $4,316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Family Firm Inc. purchased a new stake in Monolithic Power Systems in the 2nd quarter worth about $25,000. RiverPark Advisors LLC bought a new position in shares of Monolithic Power Systems during the first quarter valued at approximately $27,000. NBC Securities Inc. grew its stake in shares of Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 26 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of Monolithic Power Systems by 3,400.0% in the third 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 period. Finally, Atwood & Palmer Inc. bought a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

MPWR has been the topic of several research analyst reports. Rosenblatt Securities upped their price objective on Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, July 29th. KeyCorp upped their price target on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Truist Financial restated a “buy” rating and issued a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Finally, TD Cowen raised shares of Monolithic Power Systems to a “strong-buy” rating in a research report on Monday, September 16th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $959.90.

Monolithic Power Systems Stock Down 0.7 %

Shares of MPWR stock opened at $876.81 on Wednesday. The firm has a market cap of $42.68 billion, a price-to-earnings ratio of 104.51, a PEG ratio of 4.33 and a beta of 1.11. Monolithic Power Systems, Inc. has a 52-week low of $392.10 and a 52-week high of $959.64. The company’s 50 day moving average is $904.35 and its 200 day moving average is $813.37.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.07 by $0.10. The business had revenue of $507.40 million for the quarter, compared to analysts’ expectations of $490.66 million. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.05 EPS. Analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.57%. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Insider Buying and Selling at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $852.51, for a total value of $2,131,275.00. Following the transaction, the chief financial officer now owns 64,906 shares of the company’s stock, valued at $55,333,014.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Theodore Blegen sold 2,500 shares of the firm’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 sale, the chief financial officer now owns 64,906 shares of the company’s stock, valued at $55,333,014.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deming Xiao sold 859 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $668,637.01. Following the transaction, the executive vice president now directly owns 202,354 shares in the company, valued at $157,510,330.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,136 shares of company stock valued at $38,591,228. 3.20% 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.