Bank of New York Mellon Corp Decreases Stock Position in Monolithic Power Systems, Inc. $MPWR

Bank of New York Mellon Corp lessened its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 9.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 304,091 shares of the semiconductor company’s stock after selling 32,459 shares during the period. Bank of New York Mellon Corp owned about 0.63% of Monolithic Power Systems worth $279,959,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Ballentine Partners LLC lifted its position in Monolithic Power Systems by 4.5% in the third quarter. Ballentine Partners LLC now owns 555 shares of the semiconductor company’s stock valued at $511,000 after purchasing an additional 24 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of Monolithic Power Systems by 41.1% in the third quarter. Federated Hermes Inc. now owns 79 shares of the semiconductor company’s stock worth $73,000 after buying an additional 23 shares during the period. Truist Financial Corp increased its stake in shares of Monolithic Power Systems by 22.2% in the third quarter. Truist Financial Corp now owns 5,781 shares of the semiconductor company’s stock worth $5,322,000 after buying an additional 1,050 shares during the period. Hutchens & Kramer Investment Management Group LLC raised its holdings in Monolithic Power Systems by 21.5% during the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 362 shares of the semiconductor company’s stock valued at $333,000 after buying an additional 64 shares during the last quarter. Finally, J. Safra Sarasin Holding AG boosted its position in Monolithic Power Systems by 40.1% during the 3rd quarter. J. Safra Sarasin Holding AG now owns 1,227 shares of the semiconductor company’s stock valued at $1,130,000 after buying an additional 351 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $1,183.15 on Friday. The firm has a market capitalization of $56.68 billion, a P/E ratio of 30.21, a P/E/G ratio of 3.26 and a beta of 1.45. The stock has a 50 day moving average price of $973.76 and a 200-day moving average price of $914.19. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,185.05.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.11. The company had revenue of $737.18 million for the quarter, compared to analysts’ expectations of $720.66 million. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.06 earnings per share. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 15.93%.

Analysts Set New Price Targets

A number of research firms have issued reports on MPWR. Stifel Nicolaus boosted their price objective on shares of Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Truist Financial boosted their price target on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, December 19th. Citigroup upped their price target on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Monolithic Power Systems in a research report on Friday, December 26th. Finally, TD Cowen reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Monolithic Power Systems currently has an average rating of “Buy” and a consensus price target of $1,135.42.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 3,976 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $895.23, for a total value of $3,559,434.48. Following the sale, the executive vice president owned 144,330 shares in the company, valued at approximately $129,208,545.90. This represents a 2.68% 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 this link. Also, CFO Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $940.47, for a total transaction of $2,821,410.00. Following the transaction, the chief financial officer owned 68,332 shares of the company’s stock, valued at $64,264,196.04. The trade was a 4.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 69,976 shares of company stock valued at $63,370,417 over the last three months. 3.40% of the stock is currently owned by corporate insiders.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.