The Manufacturers Life Insurance Company Sells 483 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

The Manufacturers Life Insurance Company cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 186,109 shares of the semiconductor company’s stock after selling 483 shares during the period. The Manufacturers Life Insurance Company’s holdings in Monolithic Power Systems were worth $172,058,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Private Trust Co. NA raised its position in shares of Monolithic Power Systems by 12.2% during the 3rd quarter. Private Trust Co. NA now owns 203 shares of the semiconductor company’s stock valued at $188,000 after purchasing an additional 22 shares during the period. Truvestments Capital LLC raised its position in shares of Monolithic Power Systems by 15.2% during the 3rd quarter. Truvestments Capital LLC now owns 440 shares of the semiconductor company’s stock valued at $407,000 after purchasing an additional 58 shares during the period. Loomis Sayles & Co. L P raised its position in shares of Monolithic Power Systems by 277.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 506 shares of the semiconductor company’s stock valued at $468,000 after purchasing an additional 372 shares during the period. Boston Family Office LLC bought a new stake in shares of Monolithic Power Systems during the 3rd quarter valued at $214,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Monolithic Power Systems by 40.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,634 shares of the semiconductor company’s stock valued at $7,982,000 after purchasing an additional 2,483 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Trading Down 4.8 %

MPWR stock opened at $572.08 on Wednesday. Monolithic Power Systems, Inc. has a 12 month low of $538.00 and a 12 month high of $959.64. The company has a 50-day moving average price of $820.61 and a 200 day moving average price of $822.73. The stock has a market cap of $27.91 billion, a PE ratio of 64.50, a P/E/G ratio of 2.86 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share 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 company had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current 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 $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.87%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MPWR shares. Loop Capital upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective on the stock in a research report on Monday, November 18th. KeyCorp cut their target price on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Raymond James raised their target price 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. Deutsche Bank Aktiengesellschaft raised their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $900.00 target price on shares of Monolithic Power Systems in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $840.36.

Insider Activity

In other news, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $929.59, for a total value of $10,225,490.00. Following the completion of the sale, the executive vice president now owns 103,829 shares in the company, valued at approximately $96,518,400.11. The trade was a 9.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the chief financial officer now owns 59,178 shares of the company’s stock, valued at approximately $53,754,928.08. This trade represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,100 shares of company stock worth $17,913,521. 3.70% of the stock is currently owned by corporate insiders.

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.