Massachusetts Financial Services Co. MA Cuts Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Massachusetts Financial Services Co. MA lessened its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 28.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 678,093 shares of the semiconductor company’s stock after selling 263,283 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Monolithic Power Systems were worth $626,897,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Family Firm Inc. purchased a new position in shares of Monolithic Power Systems in the second quarter worth $25,000. NBC Securities Inc. raised 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 acquiring an additional 26 shares during the last quarter. Wolff Wiese Magana LLC raised its position in Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 34 shares during the last quarter. Atwood & Palmer Inc. purchased a new stake in Monolithic Power Systems in the 2nd quarter worth approximately $33,000. Finally, Crewe Advisors LLC increased its stake in shares of Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on MPWR. KeyCorp cut their price target on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a report on Monday. Loop Capital raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price target for the company in a research note on Monday. Raymond James lifted their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Oppenheimer restated an “outperform” rating and issued a $900.00 target price on shares of Monolithic Power Systems in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $882.64.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $566.04 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $538.00 and a 1 year high of $959.64. The firm has a fifty day moving average price of $839.56 and a 200-day moving average price of $824.73. The company has a market cap of $27.61 billion, a price-to-earnings ratio of 63.82, a PEG ratio of 2.79 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last posted 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). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The company had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. Equities research analysts expect that Monolithic Power Systems, Inc. will post 10.46 EPS for the current 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. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.88%. Monolithic Power Systems’s payout ratio is 56.37%.

Insider Transactions at Monolithic Power Systems

In related news, EVP Deming Xiao sold 9,259 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the sale, the executive vice president now owns 20,455 shares of the company’s stock, valued at $19,432,250. This represents a 31.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Maurice Sciammas sold 11,000 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the sale, the executive vice president now owns 103,829 shares in the company, valued at $96,518,400.11. This represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,359 shares of company stock valued at $26,709,571. 3.70% of the stock is currently owned by 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.