Axa S.A. Sells 1,389 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Axa S.A. lowered its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 23.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,647 shares of the semiconductor company’s stock after selling 1,389 shares during the quarter. Axa S.A.’s holdings in Monolithic Power Systems were worth $3,818,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of MPWR. Gilbert & Cook Inc. lifted its position in Monolithic Power Systems by 8.6% during the fourth quarter. Gilbert & Cook Inc. now owns 1,608 shares of the semiconductor company’s stock valued at $1,014,000 after purchasing an additional 127 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Monolithic Power Systems by 199.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 4,394 shares of the semiconductor company’s stock valued at $2,772,000 after purchasing an additional 2,925 shares during the last quarter. Advisory Services Network LLC bought a new position in Monolithic Power Systems during the fourth quarter valued at $228,000. Parallel Advisors LLC lifted its position in Monolithic Power Systems by 11.0% during the fourth quarter. Parallel Advisors LLC now owns 263 shares of the semiconductor company’s stock valued at $166,000 after purchasing an additional 26 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at $210,000. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on MPWR. Deutsche Bank Aktiengesellschaft increased their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Stifel Nicolaus boosted their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday. Oppenheimer boosted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. Rosenblatt Securities boosted their price target on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, TD Cowen upgraded shares of Monolithic Power Systems to a “strong-buy” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Buy” and an average price target of $952.30.

Monolithic Power Systems Stock Down 2.1 %

NASDAQ MPWR opened at $924.99 on Monday. The firm has a market cap of $45.03 billion, a PE ratio of 110.25, a price-to-earnings-growth ratio of 4.13 and a beta of 1.12. The company has a 50 day moving average price of $869.22 and a 200 day moving average price of $782.98. Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.07 by $0.10. The company had revenue of $507.40 million for the quarter, compared to the consensus estimate of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. Monolithic Power Systems’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 EPS. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.54%. The ex-dividend date is Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the sale, the chief financial officer now owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Michael Hsing sold 9,614 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total value of $7,994,810.12. Following the sale, the chief executive officer now directly owns 868,122 shares of the company’s stock, valued at approximately $721,912,892.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the completion of the sale, the chief financial officer now directly owns 61,678 shares in the company, valued at $55,769,247.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,034 shares of company stock valued at $48,181,625. Insiders own 3.20% of the company’s stock.

Monolithic Power Systems Company Profile

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.