Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 48.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,914 shares of the semiconductor company’s stock after selling 20,768 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Monolithic Power Systems were worth $20,259,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Monolithic Power Systems by 11.4% during the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after acquiring an additional 361,416 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Monolithic Power Systems by 26.3% during the 3rd quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock valued at $395,715,000 after acquiring an additional 93,362 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Monolithic Power Systems by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 314,264 shares of the semiconductor company’s stock valued at $290,537,000 after acquiring an additional 5,645 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Monolithic Power Systems by 14.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 275,979 shares of the semiconductor company’s stock valued at $226,767,000 after acquiring an additional 34,557 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Monolithic Power Systems by 0.5% during the 2nd quarter. American Century Companies Inc. now owns 235,508 shares of the semiconductor company’s stock valued at $193,513,000 after acquiring an additional 1,262 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the sale, the chief financial officer now directly owns 59,178 shares in the company, valued at approximately $53,754,928.08. The trade was a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the sale, the executive vice president now owns 162,239 shares in the company, valued at approximately $124,135,548.46. This represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,600 shares of company stock worth $15,653,021 over the last three months. 3.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Loop Capital upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 target price for the company in a report on Monday, November 18th. Truist Financial reiterated a “buy” rating and set a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Stifel Nicolaus boosted their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, September 27th. TD Cowen decreased their target price on 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. Finally, KeyCorp decreased their price target on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus target price of $840.36.

Monolithic Power Systems Trading Down 0.2 %

Shares of Monolithic Power Systems stock opened at $581.63 on Thursday. The stock has a 50-day moving average price of $775.72 and a 200 day moving average price of $814.78. The company has a market cap of $28.37 billion, a P/E ratio of 65.57, a P/E/G ratio of 2.76 and a beta of 1.05. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results 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 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 analyst estimates of $600.10 million. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.25 per share. The ex-dividend date was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.86%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

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.