Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,639 shares of the semiconductor company’s stock after selling 154 shares during the period. Mutual of America Capital Management LLC’s holdings in Monolithic Power Systems were worth $6,138,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MPWR. Sather Financial Group Inc purchased a new position in shares of Monolithic Power Systems in the third quarter valued at approximately $688,000. Paragon Advisors LLC lifted its holdings in Monolithic Power Systems by 4.6% in the 3rd quarter. Paragon Advisors LLC now owns 2,131 shares of the semiconductor company’s stock valued at $1,970,000 after purchasing an additional 94 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in Monolithic Power Systems by 1,118.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 45,733 shares of the semiconductor company’s stock worth $42,280,000 after purchasing an additional 41,979 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Monolithic Power Systems by 29.0% during the third quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock worth $3,741,000 after buying an additional 909 shares in the last quarter. Finally, Empirical Finance LLC raised its position in shares of Monolithic Power Systems by 4.4% in the third quarter. Empirical Finance LLC now owns 1,229 shares of the semiconductor company’s stock valued at $1,136,000 after buying an additional 52 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $585.87 on Wednesday. The company has a 50-day moving average of $851.50 and a two-hundred day moving average of $827.45. The firm has a market cap of $28.58 billion, a PE ratio of 66.05, a price-to-earnings-growth ratio of 2.73 and a beta of 1.15. Monolithic Power Systems, Inc. has a 1-year low of $535.39 and a 1-year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.05). The company had revenue of $620.12 million during the quarter, compared to analyst estimates 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 anticipate that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors 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 0.85%. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 9,259 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total value of $8,796,050.00. Following the completion of the transaction, the executive vice president now owns 20,455 shares in the company, valued at $19,432,250. The trade was a 31.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $929.59, for a total value of $10,225,490.00. Following the sale, the executive vice president now directly owns 103,829 shares in the company, valued at $96,518,400.11. This represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,359 shares of company stock worth $36,209,571. 3.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on MPWR shares. Oppenheimer reaffirmed an “outperform” rating and set a $900.00 price objective on shares of Monolithic Power Systems in a research note on Monday, November 11th. Stifel Nicolaus increased their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. Loop Capital raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective on the stock in a research note on Monday. TD Cowen dropped their target price on 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. Finally, Needham & Company LLC reiterated a “buy” rating and set a $950.00 price target on shares of Monolithic Power Systems in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $882.64.

About Monolithic Power Systems

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.