Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Position Reduced by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lessened its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 4,173 shares of the semiconductor company’s stock after selling 151 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Monolithic Power Systems were worth $3,857,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of MPWR. Family Firm Inc. bought a new position in Monolithic Power Systems during the 2nd quarter worth approximately $25,000. NBC Securities Inc. raised its position in shares of 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 purchasing 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 worth $32,000 after purchasing an additional 34 shares during the period. Atwood & Palmer Inc. acquired a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $33,000. Finally, Crewe Advisors LLC raised its position in shares of Monolithic Power Systems by 126.3% during 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 period. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MPWR. Deutsche Bank Aktiengesellschaft increased their price target 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. Stifel Nicolaus increased 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 report on Friday, September 27th. Raymond James raised their target price 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. TD Cowen lowered their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, Truist Financial restated a “buy” rating and issued a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $942.40.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $762.97 on Wednesday. The stock has a market capitalization of $37.20 billion, a price-to-earnings ratio of 86.02, a PEG ratio of 3.53 and a beta of 1.15. Monolithic Power Systems, Inc. has a 1-year low of $480.43 and a 1-year high of $959.64. The company has a 50 day moving average price of $890.49 and a 200 day moving average price of $827.12.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). The firm had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, sell-side analysts expect that Monolithic Power Systems, Inc. will post 10.36 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.66%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 859 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $668,637.01. Following the completion of the sale, the executive vice president now owns 202,354 shares in the company, valued at $157,510,330.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Monolithic Power Systems news, EVP Deming Xiao sold 859 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $668,637.01. Following the completion of the sale, the executive vice president now owns 202,354 shares in the company, valued at $157,510,330.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Theodore Blegen sold 728 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total transaction of $566,667.92. Following the completion of the sale, the chief financial officer now owns 64,178 shares of the company’s stock, valued at approximately $49,955,513.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,136 shares of company stock worth $38,392,353. 3.70% of the stock is owned by corporate insiders.

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.