Monolithic Power Systems, Inc. $MPWR Stock Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,136 shares of the semiconductor company’s stock after selling 702 shares during the period. Nisa Investment Advisors LLC’s holdings in Monolithic Power Systems were worth $20,423,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Monolithic Power Systems during the 2nd quarter worth $7,727,289,000. State Street Corp grew its position in Monolithic Power Systems by 4.3% in the second quarter. State Street Corp now owns 2,282,186 shares of the semiconductor company’s stock worth $3,159,219,000 after acquiring an additional 93,732 shares in the last quarter. Van ECK Associates Corp grew its position in Monolithic Power Systems by 42.3% in the second quarter. Van ECK Associates Corp now owns 746,237 shares of the semiconductor company’s stock worth $1,031,568,000 after acquiring an additional 221,666 shares in the last quarter. Bank of America Corp DE purchased a new position in Monolithic Power Systems in the second quarter worth $741,271,000. Finally, Royal Bank of Canada increased its stake in Monolithic Power Systems by 168.1% in the first quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock valued at $517,557,000 after acquiring an additional 296,788 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $1,283.32 on Thursday. Monolithic Power Systems, Inc. has a one year low of $833.18 and a one year high of $1,714.09. The firm’s 50 day simple moving average is $1,295.49 and its two-hundred day simple moving average is $1,397.17. The stock has a market capitalization of $63.06 billion, a P/E ratio of 78.68 and a beta of 1.68.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping the consensus estimate of $5.87 by $0.63. The firm had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The business’s revenue was up 47.6% compared to the same quarter last year. During the same period last year, the firm posted $4.21 earnings per share. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 23.95 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $2.00 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is 49.05%.

Insider Buying and Selling at Monolithic Power Systems

In related news, Director Kuo Wei Chang sold 50 shares of Monolithic Power Systems stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the transaction, the director owned 515 shares in the company, valued at $660,008.55. This trade represents a 8.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the sale, the executive vice president directly owned 1,119 shares of the company’s stock, valued at $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 130 shares of company stock worth $175,397. 3.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of research analyst reports. TD Cowen reduced their target price on Monolithic Power Systems from $1,850.00 to $1,700.00 and set a “buy” rating on the stock in a research note on Monday. KeyCorp lifted their price target on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Wall Street Zen lowered Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Wells Fargo & Company cut their price objective on Monolithic Power Systems from $1,800.00 to $1,550.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $1,575.00 price objective on shares of Monolithic Power Systems in a research report on Friday, July 31st. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,706.93.

About Monolithic Power Systems

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.

The company’s portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.