Banco Santander S.A. Sells 10,734 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Banco Santander S.A. lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 96.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 357 shares of the semiconductor company’s stock after selling 10,734 shares during the period. Banco Santander S.A.’s holdings in Monolithic Power Systems were worth $330,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of Monolithic Power Systems by 311.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock valued at $153,319,000 after buying an additional 141,277 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Monolithic Power Systems by 1,947.1% during the second quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock valued at $117,826,000 after purchasing an additional 136,391 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Monolithic Power Systems by 92,842.9% during the third quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock worth $114,281,000 after purchasing an additional 123,481 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Monolithic Power Systems by 14,315.6% in the 3rd quarter. Jennison Associates LLC now owns 101,918 shares of the semiconductor company’s stock valued at $94,223,000 after purchasing an additional 101,211 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Monolithic Power Systems by 26.3% in the 3rd quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock valued at $395,715,000 after purchasing an additional 93,362 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Deming Xiao sold 9,259 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total value of $8,796,050.00. Following the sale, the executive vice president now owns 20,455 shares in the company, valued at $19,432,250. This represents a 31.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00. Following the completion of the sale, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. This trade represents a 3.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,359 shares of company stock worth $26,709,571. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Trading Up 1.5 %

Shares of MPWR stock opened at $580.81 on Friday. The stock has a market cap of $28.33 billion, a price-to-earnings ratio of 65.48, a PEG ratio of 2.73 and a beta of 1.15. Monolithic Power Systems, Inc. has a 1-year low of $538.00 and a 1-year high of $959.64. The stock has a 50-day moving average of $826.30 and a 200-day moving average of $821.87.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (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 during the quarter, compared to analyst estimates of $600.10 million. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.86%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MPWR. KeyCorp dropped 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. Raymond James raised their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. Needham & Company LLC dropped their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research note on Friday. Finally, TD Cowen decreased their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Two equities research 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 currently has an average rating of “Moderate Buy” and an average target price of $840.36.

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.