Franklin Resources Inc. Reduces Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Franklin Resources Inc. decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,612,057 shares of the semiconductor company’s stock after selling 143,289 shares during the quarter. Franklin Resources Inc.’s holdings in Monolithic Power Systems were worth $1,520,508,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tidal Investments LLC raised its holdings in shares of Monolithic Power Systems by 105.7% during the third quarter. Tidal Investments LLC now owns 6,042 shares of the semiconductor company’s stock valued at $5,586,000 after purchasing an additional 3,105 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Monolithic Power Systems in the 3rd quarter worth approximately $23,233,000. World Investment Advisors LLC raised its stake in Monolithic Power Systems by 14.6% during the 3rd quarter. World Investment Advisors LLC now owns 822 shares of the semiconductor company’s stock valued at $760,000 after buying an additional 105 shares during the last quarter. Sanctuary Advisors LLC raised its stake in Monolithic Power Systems by 386.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 19,500 shares of the semiconductor company’s stock valued at $18,028,000 after buying an additional 15,493 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Monolithic Power Systems by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after buying an additional 133,838 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In related news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the sale, the chief financial officer now directly owns 53,444 shares in the company, valued at approximately $32,066,400. The trade was a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction that occurred 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 directly owns 103,829 shares of the company’s stock, valued at approximately $96,518,400.11. The trade was a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,100 shares of company stock worth $17,153,021. 3.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. KeyCorp reduced their price objective on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Wells Fargo & Company started coverage on shares of Monolithic Power Systems in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 price objective on the stock. Rosenblatt Securities lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Loop Capital upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price target on the stock in a research report on Monday, November 18th. Finally, Stifel Nicolaus boosted their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $828.67.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $605.45 on Friday. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The company’s fifty day moving average price is $737.10 and its 200-day moving average price is $807.89. The company has a market capitalization of $29.53 billion, a price-to-earnings ratio of 68.26, a PEG ratio of 2.97 and a beta of 1.05.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The business had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. Equities research analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

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.