Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1,118.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 45,733 shares of the semiconductor company’s stock after acquiring an additional 41,979 shares during the period. Mizuho Securities USA LLC’s holdings in Monolithic Power Systems were worth $42,280,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Monolithic Power Systems by 61.0% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,967 shares of the semiconductor company’s stock valued at $2,010,000 after purchasing an additional 1,124 shares during the period. Kingsview Wealth Management LLC boosted its stake in Monolithic Power Systems by 62.3% in the 1st quarter. Kingsview Wealth Management LLC now owns 1,683 shares of the semiconductor company’s stock worth $1,140,000 after buying an additional 646 shares during the last quarter. Nicolet Advisory Services LLC grew its holdings in Monolithic Power Systems by 66.2% in the 1st quarter. Nicolet Advisory Services LLC now owns 806 shares of the semiconductor company’s stock valued at $550,000 after buying an additional 321 shares during the period. Vanguard Group Inc. increased its stake in shares of Monolithic Power Systems by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock valued at $3,739,318,000 after acquiring an additional 55,874 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Monolithic Power Systems by 224.4% during the 1st quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock worth $1,034,000 after acquiring an additional 1,057 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Down 0.6 %

MPWR opened at $573.38 on Friday. The firm’s 50 day moving average is $856.47 and its 200-day moving average is $826.00. Monolithic Power Systems, Inc. has a 52-week low of $532.86 and a 52-week high of $959.64. The firm has a market capitalization of $27.97 billion, a P/E ratio of 64.64, a P/E/G ratio of 2.86 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (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 firm had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. Equities 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.37%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MPWR shares. Rosenblatt Securities downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. TD Cowen lowered their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $950.00 target price on shares of Monolithic Power Systems in a research report on Tuesday. Loop Capital initiated coverage on Monolithic Power Systems in a report on Monday, November 11th. They issued a “hold” rating and a $660.00 target price on the stock. Finally, Stifel Nicolaus upped their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $916.73.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deming Xiao sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the completion of the sale, the executive vice president now owns 29,714 shares in the company, valued at approximately $28,228,300. This trade represents a 25.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,359 shares of company stock valued at $36,209,571. Insiders own 3.70% of the company’s stock.

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.