BNP Paribas Arbitrage SNC Decreases Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

BNP Paribas Arbitrage SNC lowered its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Rating) by 62.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 55,752 shares of the semiconductor company’s stock after selling 91,283 shares during the quarter. BNP Paribas Arbitrage SNC owned about 0.12% of Monolithic Power Systems worth $20,260,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPWR. Private Advisor Group LLC lifted its holdings in shares of Monolithic Power Systems by 31.3% in the 1st quarter. Private Advisor Group LLC now owns 1,383 shares of the semiconductor company’s stock worth $672,000 after acquiring an additional 330 shares during the last quarter. Raymond James Trust N.A. increased its position in Monolithic Power Systems by 5.4% during the 1st quarter. Raymond James Trust N.A. now owns 1,916 shares of the semiconductor company’s stock valued at $930,000 after purchasing an additional 99 shares during the period. Cibc World Market Inc. grew its position in shares of Monolithic Power Systems by 1,624.0% in the 1st quarter. Cibc World Market Inc. now owns 7,189 shares of the semiconductor company’s stock worth $3,492,000 after buying an additional 6,772 shares during the last quarter. Blair William & Co. IL grew its position in shares of Monolithic Power Systems by 9.3% in the 1st quarter. Blair William & Co. IL now owns 10,335 shares of the semiconductor company’s stock worth $5,019,000 after buying an additional 883 shares during the last quarter. Finally, Prudential PLC purchased a new position in shares of Monolithic Power Systems in the 1st quarter worth approximately $439,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MPWR. Wells Fargo & Company upped their price target on Monolithic Power Systems from $435.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, February 9th. Cowen increased their price target on shares of Monolithic Power Systems from $490.00 to $550.00 and gave the company an “outperform” rating in a research note on Thursday, February 9th. KeyCorp raised their target price on shares of Monolithic Power Systems from $425.00 to $560.00 and gave the stock an “overweight” rating in a research report on Thursday, February 9th. Credit Suisse Group raised their target price on Monolithic Power Systems from $475.00 to $580.00 and gave the company an “outperform” rating in a report on Thursday, February 9th. Finally, Oppenheimer raised their target price on Monolithic Power Systems from $450.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $542.09.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 1,884 shares of the company’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $344.96, for a total value of $649,904.64. Following the transaction, the chief financial officer now directly owns 121,803 shares of the company’s stock, valued at approximately $42,017,162.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Theodore Blegen sold 1,884 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $344.96, for a total transaction of $649,904.64. Following the completion of the transaction, the chief financial officer now owns 121,803 shares in the company, valued at approximately $42,017,162.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Deming Xiao sold 2,980 shares of the firm’s stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $400.00, for a total value of $1,192,000.00. Following the sale, the insider now directly owns 261,920 shares of the company’s stock, valued at $104,768,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,605 shares of company stock valued at $45,013,975. Corporate insiders own 3.00% of the company’s stock.

Monolithic Power Systems Stock Up 1.5 %

Shares of MPWR opened at $493.72 on Wednesday. The business’s 50 day moving average is $453.38 and its two-hundred day moving average is $401.97. Monolithic Power Systems, Inc. has a 52-week low of $301.69 and a 52-week high of $541.39. The firm has a market cap of $23.36 billion, a price-to-earnings ratio of 54.62, a PEG ratio of 1.85 and a beta of 1.14.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be given a dividend of $1.00 per share. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, March 30th. Monolithic Power Systems’s dividend payout ratio is currently 33.19%.

Monolithic Power Systems Company Profile

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Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.