Global X Japan Co. Ltd. Has $2.35 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Global X Japan Co. Ltd. trimmed its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 14.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,978 shares of the semiconductor company’s stock after selling 691 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Monolithic Power Systems were worth $2,354,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. FMR LLC lifted its position in Monolithic Power Systems by 11.4% in the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after acquiring an additional 361,416 shares in the last quarter. State Street Corp boosted its position in shares of Monolithic Power Systems by 2.1% during the third quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock valued at $1,930,301,000 after buying an additional 42,678 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Monolithic Power Systems by 11.2% during the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock valued at $1,230,626,000 after buying an additional 133,838 shares during the last quarter. Van ECK Associates Corp grew its holdings in Monolithic Power Systems by 26.3% during the third quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock worth $395,715,000 after buying an additional 93,362 shares in the last quarter. Finally, Barclays PLC raised its position in Monolithic Power Systems by 5.0% in the 3rd quarter. Barclays PLC now owns 322,115 shares of the semiconductor company’s stock valued at $297,799,000 after buying an additional 15,350 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $660.90 on Friday. The stock has a market capitalization of $32.24 billion, a price-to-earnings ratio of 74.51, a PEG ratio of 2.44 and a beta of 1.03. The company’s fifty day simple moving average is $613.54 and its two-hundred day simple moving average is $756.52. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $1.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $5.00 annualized dividend and a yield of 0.76%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Analyst Ratings Changes

MPWR has been the subject of several analyst reports. TD Cowen lowered their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Citigroup initiated coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price for the company. Oppenheimer dropped their price target on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Needham & Company LLC cut their price objective on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $880.00 target price on shares of Monolithic Power Systems in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $820.33.

Insider Buying and Selling

In other news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is currently owned by 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.