Barclays PLC Has $333.33 Million Holdings in Monolithic Power Systems, Inc. $MPWR

Barclays PLC decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 17.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 362,062 shares of the semiconductor company’s stock after selling 76,537 shares during the period. Barclays PLC owned approximately 0.76% of Monolithic Power Systems worth $333,329,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of MPWR. Consolidated Portfolio Review Corp raised its position in shares of Monolithic Power Systems by 4.6% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 317 shares of the semiconductor company’s stock worth $292,000 after acquiring an additional 14 shares in the last quarter. Alpha Family Trust bought a new stake in shares of Monolithic Power Systems during the 3rd quarter valued at about $216,000. Dimensional Fund Advisors LP boosted its position in shares of Monolithic Power Systems by 4.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 156,577 shares of the semiconductor company’s stock valued at $144,113,000 after purchasing an additional 6,216 shares in the last quarter. Cresset Asset Management LLC grew its stake in Monolithic Power Systems by 84.1% during the third quarter. Cresset Asset Management LLC now owns 981 shares of the semiconductor company’s stock worth $905,000 after purchasing an additional 448 shares during the period. Finally, NZS Capital LLC bought a new stake in Monolithic Power Systems in the third quarter worth approximately $23,937,000. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Truist Financial raised their price objective on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Citigroup lifted their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Weiss Ratings downgraded shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday. Finally, Rosenblatt Securities raised their price target on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,218.42.

Monolithic Power Systems Trading Down 5.1%

Shares of Monolithic Power Systems stock opened at $1,023.16 on Friday. The stock has a fifty day simple moving average of $1,087.09 and a 200 day simple moving average of $985.05. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,256.22. The company has a market capitalization of $50.26 billion, a P/E ratio of 80.31, a price-to-earnings-growth ratio of 2.73 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.05. The business had revenue of $751.16 million for the quarter, compared to analysts’ expectations of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The business’s revenue was up 20.8% on a year-over-year basis. During the same period last year, the business earned $4.09 EPS. On average, analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.8%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date is Tuesday, March 31st. Monolithic Power Systems’s dividend payout ratio is presently 48.98%.

Insiders Place Their Bets

In other news, EVP Deming Xiao sold 22,875 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the completion of the transaction, the executive vice president directly owned 235,932 shares of the company’s stock, valued at $276,314,121.12. This represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Saria Tseng sold 22,875 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the sale, the executive vice president directly owned 200,626 shares of the company’s stock, valued at $234,965,146.16. The trade was a 10.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 98,550 shares of company stock worth $114,256,090 in the last ninety days. 3.40% of the stock is owned by corporate insiders.

Monolithic Power Systems Profile

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.