M&T Bank Corp Sells 463 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

M&T Bank Corp lessened its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 13.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,867 shares of the semiconductor company’s stock after selling 463 shares during the quarter. M&T Bank Corp’s holdings in Monolithic Power Systems were worth $2,650,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Family Firm Inc. acquired a new position in Monolithic Power Systems in the second quarter valued at approximately $25,000. NBC Securities Inc. grew its holdings in Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 26 shares during the period. Wolff Wiese Magana LLC raised its position in shares of 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 acquiring an additional 34 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Monolithic Power Systems in the 3rd quarter valued at $36,000. Finally, Crewe Advisors LLC boosted its position in shares of Monolithic Power Systems by 126.3% in the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 0.5 %

Monolithic Power Systems stock opened at $608.44 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64. The company has a fifty day simple moving average of $730.56 and a 200 day simple moving average of $806.89. The company has a market cap of $29.68 billion, a P/E ratio of 68.60, a price-to-earnings-growth ratio of 2.97 and a beta of 1.05.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.82%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Analysts Set New Price Targets

MPWR has been the topic of a number of recent analyst reports. Wells Fargo & Company assumed coverage on Monolithic Power Systems in a report on Friday, November 22nd. They set an “equal weight” rating and a $610.00 target price on the stock. Oppenheimer reissued an “outperform” rating and set a $900.00 price objective on shares of Monolithic Power Systems in a research note on Monday, November 11th. Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Citigroup started coverage on shares of Monolithic Power Systems in a report on Wednesday. They issued a “buy” rating and a $700.00 target price on the stock. Finally, TD Cowen decreased their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $828.67.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of the company’s stock in a transaction on 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 directly owns 103,829 shares of the company’s stock, valued at approximately $96,518,400.11. This represents a 9.58 % 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 2,500 shares of Monolithic Power Systems stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the completion of the transaction, the chief financial officer now directly owns 59,178 shares of the company’s stock, valued at approximately $53,754,928.08. This trade represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,100 shares of company stock valued at $17,153,021. 3.70% of the stock is owned by insiders.

Monolithic Power Systems 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.