Massachusetts Financial Services Co. MA Sells 30,749 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Massachusetts Financial Services Co. MA reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 6.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 457,551 shares of the semiconductor company's stock after selling 30,749 shares during the period. Massachusetts Financial Services Co. MA owned about 0.96% of Monolithic Power Systems worth $265,370,000 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. Norges Bank bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $493,807,000. GAMMA Investing LLC grew its holdings in shares of Monolithic Power Systems by 76,432.3% in the first quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock valued at $451,418,000 after acquiring an additional 777,316 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Monolithic Power Systems by 16.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock valued at $904,297,000 after purchasing an additional 214,395 shares during the period. Siemens Fonds Invest GmbH grew its holdings in Monolithic Power Systems by 18,567.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 200,487 shares of the semiconductor company's stock valued at $118,628,000 after purchasing an additional 199,413 shares during the period. Finally, Alyeska Investment Group L.P. bought a new position in Monolithic Power Systems during the fourth quarter valued at $113,547,000. 93.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 6,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the transaction, the chief financial officer directly owned 46,939 shares of the company's stock, valued at approximately $35,204,250. This trade represents a 11.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the transaction, the executive vice president directly owned 4,015 shares in the company, valued at $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,200 shares of company stock worth $13,046,800 over the last 90 days. Corporate insiders own 3.40% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. KeyCorp increased their price objective on Monolithic Power Systems from $820.00 to $940.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Citigroup increased their price objective on Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Raymond James Financial reissued an "outperform" rating and set a $720.00 price objective (down from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. TD Cowen increased their price objective on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, Rosenblatt Securities reissued a "neutral" rating and set a $644.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $802.33.

Monolithic Power Systems Stock Up 0.1%

Shares of MPWR stock traded up $0.49 on Friday, reaching $714.06. The company's stock had a trading volume of 71,401 shares, compared to its average volume of 801,874. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64. The company has a market capitalization of $34.19 billion, a P/E ratio of 18.97, a PEG ratio of 2.83 and a beta of 1.20. The stock's 50 day simple moving average is $708.41 and its 200-day simple moving average is $640.98.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The business had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. During the same quarter last year, the business posted $2.81 earnings per share. The company's revenue for the quarter was up 39.2% on a year-over-year basis. Research analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $1.56 per share. The ex-dividend date was Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a yield of 0.87%. Monolithic Power Systems's payout ratio is 16.56%.

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.