Monolithic Power Systems, Inc. (MPWR) Shares Sold by Massachusetts Financial Services Co. MA

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Massachusetts Financial Services Co. MA lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 563,249 shares of the semiconductor company’s stock after selling 6,245 shares during the period. Massachusetts Financial Services Co. MA owned 1.33% of Monolithic Power Systems worth $70,705,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MPWR. Millennium Management LLC bought a new stake in shares of Monolithic Power Systems in the 2nd quarter worth about $39,941,000. Ardevora Asset Management LLP increased its position in shares of Monolithic Power Systems by 142,011.2% in the 2nd quarter. Ardevora Asset Management LLP now owns 252,958 shares of the semiconductor company’s stock worth $33,813,000 after purchasing an additional 252,780 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Monolithic Power Systems by 1,062.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 226,626 shares of the semiconductor company’s stock worth $3,806,000 after purchasing an additional 207,129 shares during the last quarter. Paloma Partners Management Co increased its position in shares of Monolithic Power Systems by 3,955.9% in the 2nd quarter. Paloma Partners Management Co now owns 126,099 shares of the semiconductor company’s stock worth $16,856,000 after purchasing an additional 122,990 shares during the last quarter. Finally, Wasatch Advisors Inc. increased its position in shares of Monolithic Power Systems by 8.3% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,038,961 shares of the semiconductor company’s stock worth $138,878,000 after purchasing an additional 79,908 shares during the last quarter. 93.61% of the stock is owned by institutional investors.

In other news, CFO Theodore Blegen sold 1,088 shares of Monolithic Power Systems stock in a transaction dated Monday, October 22nd. The shares were sold at an average price of $114.61, for a total value of $124,695.68. Following the completion of the transaction, the chief financial officer now directly owns 54,987 shares of the company’s stock, valued at approximately $6,302,060.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Saria Tseng sold 4,729 shares of Monolithic Power Systems stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $135.65, for a total transaction of $641,488.85. Following the completion of the transaction, the vice president now directly owns 291,851 shares of the company’s stock, valued at $39,589,588.15. The disclosure for this sale can be found here. Insiders sold a total of 175,217 shares of company stock valued at $24,308,269 over the last ninety days. Company insiders own 4.00% of the company’s stock.

NASDAQ MPWR opened at $118.12 on Thursday. Monolithic Power Systems, Inc. has a one year low of $101.99 and a one year high of $152.21. The stock has a market capitalization of $4.76 billion, a PE ratio of 63.85, a price-to-earnings-growth ratio of 1.83 and a beta of 1.53.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Thursday, September 27th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 64.86%.

Several equities research analysts have recently weighed in on MPWR shares. BidaskClub downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 12th. KeyCorp dropped their target price on shares of Monolithic Power Systems from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, October 16th. Cowen dropped their target price on shares of Monolithic Power Systems from $180.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, October 26th. Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $147.00 to $155.00 and gave the stock a “$141.80” rating in a research report on Thursday, July 19th. Finally, Raymond James downgraded shares of Monolithic Power Systems from a “strong-buy” rating to an “outperform” rating and set a $160.00 target price for the company. in a research report on Tuesday, September 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $151.00.

About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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