MetLife Investment Management LLC Reduces Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

MetLife Investment Management LLC lowered its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,786 shares of the semiconductor company’s stock after selling 345 shares during the period. MetLife Investment Management LLC’s holdings in Monolithic Power Systems were worth $13,670,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MPWR. Family Firm Inc. acquired a new position in Monolithic Power Systems during the second quarter worth approximately $25,000. NBC Securities Inc. grew its position in shares of Monolithic Power Systems by 433.3% during the third 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 last quarter. Wolff Wiese Magana LLC increased its holdings in shares of Monolithic Power Systems by 3,400.0% in 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 period. Atwood & Palmer Inc. purchased a new stake in Monolithic Power Systems in the 2nd quarter valued at $33,000. Finally, Crewe Advisors LLC boosted its stake in 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. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total value of $2,270,900.00. Following the sale, the chief financial officer now directly owns 59,178 shares in the company, valued at $53,754,928.08. The trade was a 4.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 103,829 shares of the company’s stock, valued at $96,518,400.11. This trade represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,100 shares of company stock worth $17,913,521 in the last quarter. Company insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the topic of a number of recent research reports. TD Cowen dropped their price objective 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. Truist Financial restated a “buy” rating and issued a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Rosenblatt Securities downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. KeyCorp lowered their target price on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Finally, Raymond James upped their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average target price of $840.36.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $560.24 on Thursday. The company has a market cap of $27.33 billion, a P/E ratio of 63.16, a price-to-earnings-growth ratio of 2.86 and a beta of 1.15. Monolithic Power Systems, Inc. has a one year low of $538.00 and a one year high of $959.64. The business has a fifty day moving average of $808.70 and a two-hundred day moving average of $819.98.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results 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). The company 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%. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 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.