Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stake Lowered by M&T Bank Corp

M&T Bank Corp decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 13.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,867 shares of the semiconductor company’s stock after selling 463 shares during the period. M&T Bank Corp’s holdings in Monolithic Power Systems were worth $2,650,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Family Firm Inc. acquired a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at about $25,000. NBC Securities Inc. raised its position in Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 26 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake in Monolithic Power Systems by 3,400.0% in the third 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. Crewe Advisors LLC grew its position in Monolithic Power Systems by 126.3% in the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in shares of Monolithic Power Systems during the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $608.44 on Friday. The firm’s 50-day moving average is $730.56 and its 200-day moving average is $806.89. The company has a market cap of $29.68 billion, a price-to-earnings ratio of 68.60, a PEG ratio of 2.97 and a beta of 1.05. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.05). The firm had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. Equities analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Dividend Announcement

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

Insider Activity at Monolithic Power Systems

In other news, EVP Deming Xiao sold 866 shares of the firm’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 transaction of $662,611.24. Following the completion of the sale, the executive vice president now owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. This trade represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the transaction, the chief financial officer now owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. The trade was a 4.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,100 shares of company stock valued at $17,153,021 over the last quarter. 3.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. KeyCorp decreased their price objective on shares of 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. TD Cowen cut their price objective on 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. Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Citigroup began coverage on shares of Monolithic Power Systems in a research report on Wednesday. They issued a “buy” rating and a $700.00 price target on the stock. Finally, Needham & Company LLC decreased 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 report on Friday, November 22nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $828.67.

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.