Natixis Advisors LLC Sells 4,318 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Natixis Advisors LLC lessened its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 166,308 shares of the semiconductor company’s stock after selling 4,318 shares during the quarter. Natixis Advisors LLC owned approximately 0.34% of Monolithic Power Systems worth $153,752,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MPWR. Family Firm Inc. bought a new position in shares of Monolithic Power Systems during the 2nd quarter valued at $25,000. NBC Securities Inc. raised its holdings in 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 in the last quarter. Wolff Wiese Magana LLC raised its holdings in Monolithic Power Systems by 3,400.0% during the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 34 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Monolithic Power Systems in the third quarter worth about $36,000. Finally, Atwood & Palmer Inc. bought a new stake in shares of Monolithic Power Systems during the 2nd quarter worth about $33,000. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $573.38 on Friday. The company’s fifty day moving average is $856.47 and its two-hundred day moving average is $826.00. The firm has a market capitalization of $27.97 billion, a price-to-earnings ratio of 64.64, a P/E/G ratio of 2.86 and a beta of 1.15. Monolithic Power Systems, Inc. has a 52-week low of $532.86 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its 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). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The firm had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

Analyst Ratings Changes

MPWR has been the topic of a number of recent analyst reports. Rosenblatt Securities downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Raymond James lifted their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Loop Capital began coverage on shares of Monolithic Power Systems in a report on Monday, November 11th. They set a “hold” rating and a $660.00 price objective for the company. Truist Financial reiterated 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, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $916.73.

Insider Activity at Monolithic Power Systems

In related news, EVP Deming Xiao sold 866 shares of the company’s 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Theodore Blegen sold 734 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.15, for a total transaction of $561,620.10. Following the completion of the transaction, the chief financial officer now directly owns 55,944 shares of the company’s stock, valued at $42,805,551.60. This trade represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,359 shares of company stock worth $36,209,571. 3.70% of the stock is owned by corporate insiders.

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.