Metropolitan Life Insurance Co. NY Cuts Stake in Monolithic Power Systems, Inc. (MPWR)

Metropolitan Life Insurance Co. NY lowered its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 63.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,250 shares of the semiconductor company’s stock after selling 39,163 shares during the period. Metropolitan Life Insurance Co. NY owned about 0.05% of Monolithic Power Systems worth $2,500,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MPWR. Nationwide Fund Advisors boosted its position in Monolithic Power Systems by 1.4% during the 3rd quarter. Nationwide Fund Advisors now owns 266,807 shares of the semiconductor company’s stock valued at $28,428,000 after buying an additional 3,813 shares during the period. Principal Financial Group Inc. boosted its position in Monolithic Power Systems by 0.6% during the 3rd quarter. Principal Financial Group Inc. now owns 161,686 shares of the semiconductor company’s stock valued at $17,228,000 after buying an additional 947 shares during the period. Sei Investments Co. boosted its position in Monolithic Power Systems by 39.9% during the 3rd quarter. Sei Investments Co. now owns 22,283 shares of the semiconductor company’s stock valued at $2,375,000 after buying an additional 6,357 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in Monolithic Power Systems by 115.8% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 5,162 shares of the semiconductor company’s stock valued at $550,000 after buying an additional 2,770 shares during the period. Finally, Advisor Group Inc. boosted its position in Monolithic Power Systems by 26.0% during the 3rd quarter. Advisor Group Inc. now owns 4,041 shares of the semiconductor company’s stock valued at $430,000 after buying an additional 833 shares during the period. 91.06% of the stock is owned by institutional investors and hedge funds.

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In other news, Director James C. Moyer sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $122.36, for a total value of $1,835,400.00. Following the completion of the sale, the director now directly owns 705,225 shares of the company’s stock, valued at approximately $86,291,331. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Maurice Sciammas sold 4,419 shares of the firm’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $122.04, for a total transaction of $539,294.76. Following the completion of the sale, the vice president now directly owns 424,401 shares of the company’s stock, valued at $51,793,898.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 334,741 shares of company stock valued at $37,759,230. Corporate insiders own 4.00% of the company’s stock.

Shares of MPWR stock opened at $114.89 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $88.19 and a 12-month high of $127.61. The company has a market cap of $5,057.13, a PE ratio of 77.11, a PEG ratio of 2.52 and a beta of 1.25.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, February 8th. The semiconductor company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.02. Monolithic Power Systems had a net margin of 13.85% and a return on equity of 16.51%. The firm had revenue of $129.43 million during the quarter, compared to analysts’ expectations of $126.19 million. During the same period last year, the company posted $0.65 EPS. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. analysts predict that Monolithic Power Systems, Inc. will post 2.64 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.04%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, March 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 53.69%.

MPWR has been the subject of several analyst reports. Zacks Investment Research cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 27th. BidaskClub raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $129.25.

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Monolithic Power Systems Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

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

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