Amundi Has $201.44 Million Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Amundi lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 145,747 shares of the semiconductor company's stock after selling 13,160 shares during the quarter. Amundi owned about 0.30% of Monolithic Power Systems worth $201,440,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Transamerica Financial Advisors LLC bought a new stake in shares of Monolithic Power Systems in the second quarter valued at about $35,000. IFP Advisors Inc lifted its position in shares of Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd lifted its position in shares of Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 9 shares in the last quarter. Danske Bank A S acquired a new position in Monolithic Power Systems during the second quarter worth $36,000. Finally, Greenline Wealth Management LLC acquired a new position in Monolithic Power Systems during the fourth quarter worth $38,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings cut shares of Monolithic Power Systems from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, August 31st. Raymond James Financial restated an "outperform" rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. Zacks Research raised Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 18th. KeyCorp upped their target price on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Finally, Needham & Company LLC increased their price target on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a "buy" rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Monolithic Power Systems has a consensus rating of "Moderate Buy" and an average target price of $1,731.42.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 30 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the sale, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of Monolithic Power Systems stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the sale, the director directly owned 515 shares of the company's stock, valued at $660,008.55. The trade was a 8.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 160 shares of company stock worth $215,945. Corporate insiders own 3.60% of the company's stock.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,218.50 on Wednesday. The firm's 50-day moving average is $1,323.03 and its 200-day moving average is $1,354.02. The stock has a market cap of $59.88 billion, a price-to-earnings ratio of 74.71 and a beta of 1.66. Monolithic Power Systems, Inc. has a 52-week low of $830.00 and a 52-week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.63. The business had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. Monolithic Power Systems's revenue was up 47.6% on a year-over-year basis. During the same period last year, the business posted $4.21 EPS. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems's payout ratio is 49.05%.

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.

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