Natixis Advisors LLC Has $76.70 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• Natixis Advisors LLC reduced its stake in Monolithic Power Systems by 11.7%, selling 17,445 shares and now holding approximately 132,238 shares valued at $76.7 million.
• Recent analyst ratings show a mix of perspectives, with KeyCorp setting a price target of $940 in an "overweight" rating, while other firms project varying price targets between $600 and $940.
• Monolithic Power Systems announced a quarterly dividend of $1.56 per share, representing a 0.85% dividend yield and a payout ratio of 16.56% as of the last quarter.

Natixis Advisors LLC lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 11.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,238 shares of the semiconductor company's stock after selling 17,445 shares during the quarter. Natixis Advisors LLC owned about 0.28% of Monolithic Power Systems worth $76,696,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Fourth Dimension Wealth LLC acquired a new position in Monolithic Power Systems during the fourth quarter valued at approximately $29,000. Itau Unibanco Holding S.A. raised its position in Monolithic Power Systems by 637.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 51 shares in the last quarter. Meeder Asset Management Inc. raised its position in Monolithic Power Systems by 146.4% during the first quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 41 shares in the last quarter. Global Financial Private Client LLC raised its position in Monolithic Power Systems by 265.0% during the first quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 53 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in Monolithic Power Systems during the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock traded up $74.38 during trading on Friday, hitting $785.62. The company's stock had a trading volume of 1,524,050 shares, compared to its average volume of 504,773. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $959.64. The stock has a market cap of $37.62 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 2.82 and a beta of 1.18. The stock has a 50-day moving average price of $715.35 and a two-hundred day moving average price of $650.25.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.09. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.93%. The company had revenue of $664.57 million for the quarter, compared to analysts' expectations of $648.74 million. During the same quarter in the previous year, the firm posted $3.17 earnings per share. Monolithic Power Systems's revenue for the quarter was up 31.0% on a year-over-year basis. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

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 of this dividend was Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a yield of 0.8%. Monolithic Power Systems's dividend payout ratio is 16.56%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. TD Cowen boosted their price objective on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $940.00 to $950.00 and gave the company an "overweight" rating in a research report on Friday. Loop Capital boosted their price objective on shares of Monolithic Power Systems from $760.00 to $800.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Citigroup boosted their target price on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $880.00 to $930.00 and gave the stock a "buy" rating in a research note on Friday. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and an average target price of $839.92.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the sale, the executive vice president owned 4,015 shares of the company's stock, valued at approximately $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the sale, the director directly owned 676 shares in the company, valued at $471,848. This trade represents a 12.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,200 shares of company stock valued at $13,046,800. 3.40% of the stock is currently owned by insiders.

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.