BNP Paribas Arbitrage SNC Sells 91,283 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

BNP Paribas Arbitrage SNC lessened its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Rating) by 62.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 55,752 shares of the semiconductor company’s stock after selling 91,283 shares during the period. BNP Paribas Arbitrage SNC’s holdings in Monolithic Power Systems were worth $20,260,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MPWR. Vanguard Group Inc. raised its position in Monolithic Power Systems by 2.6% during the third quarter. Vanguard Group Inc. now owns 5,084,168 shares of the semiconductor company’s stock worth $1,847,587,000 after acquiring an additional 130,675 shares during the period. State Street Corp boosted its stake in Monolithic Power Systems by 2.3% during the third quarter. State Street Corp now owns 1,787,219 shares of the semiconductor company’s stock worth $650,797,000 after buying an additional 40,022 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Monolithic Power Systems by 18.9% during the third quarter. Price T Rowe Associates Inc. MD now owns 1,743,681 shares of the semiconductor company’s stock valued at $640,215,000 after acquiring an additional 277,288 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Monolithic Power Systems by 4.9% during the second quarter. Franklin Resources Inc. now owns 1,630,017 shares of the semiconductor company’s stock valued at $625,991,000 after acquiring an additional 75,816 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Monolithic Power Systems by 0.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,276,853 shares of the semiconductor company’s stock valued at $464,010,000 after acquiring an additional 3,675 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.

Monolithic Power Systems Stock Up 1.5 %

NASDAQ:MPWR opened at $493.72 on Wednesday. The business’s 50-day moving average price is $453.38 and its 200 day moving average price is $401.97. The firm has a market cap of $23.36 billion, a P/E ratio of 54.62, a PEG ratio of 1.85 and a beta of 1.14. Monolithic Power Systems, Inc. has a 52-week low of $301.69 and a 52-week high of $541.39.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be given a $1.00 dividend. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.81%. Monolithic Power Systems’s dividend payout ratio (DPR) is 33.19%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Raymond James lifted their price target on shares of Monolithic Power Systems from $400.00 to $550.00 and gave the stock an “outperform” rating in a research note on Thursday, February 9th. KeyCorp lifted their target price on shares of Monolithic Power Systems from $425.00 to $560.00 and gave the company an “overweight” rating in a report on Thursday, February 9th. Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $450.00 to $525.00 and gave the company a “buy” rating in a report on Thursday, February 9th. Credit Suisse Group boosted their price objective on shares of Monolithic Power Systems from $475.00 to $580.00 and gave the company an “outperform” rating in a research note on Thursday, February 9th. Finally, Oppenheimer upped their price target on shares of Monolithic Power Systems from $450.00 to $525.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $542.09.

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 608 shares of Monolithic Power Systems stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $446.87, for a total transaction of $271,696.96. Following the completion of the sale, the chief financial officer now directly owns 121,195 shares in the company, valued at approximately $54,158,409.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Monolithic Power Systems news, insider Deming Xiao sold 1,497 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $530.00, for a total value of $793,410.00. Following the transaction, the insider now directly owns 273,537 shares of the company’s stock, valued at approximately $144,974,610. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Theodore Blegen sold 608 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $446.87, for a total value of $271,696.96. Following the completion of the transaction, the chief financial officer now directly owns 121,195 shares in the company, valued at $54,158,409.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,605 shares of company stock worth $45,013,975. 3.00% of the stock is currently owned by company insiders.

Monolithic Power Systems Company Profile

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Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications 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 and notebooks, monitors, infotainment applications, and medical equipment.