Nomura Asset Management Co. Ltd. Trims Holdings in Monolithic Power Systems, Inc. $MPWR

Nomura Asset Management Co. Ltd. decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,019 shares of the semiconductor company’s stock after selling 5,382 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Monolithic Power Systems were worth $106,061,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Covestor Ltd raised its position in Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 9 shares during the last quarter. Resonant Capital Advisors LLC raised its position in Monolithic Power Systems by 4.1% in the 4th quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 10 shares during the last quarter. YANKCOM Partnership raised its position in Monolithic Power Systems by 6.7% in the 4th quarter. YANKCOM Partnership now owns 176 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 11 shares during the last quarter. First National Bank of Hutchinson raised its position in Monolithic Power Systems by 1.2% in the 4th quarter. First National Bank of Hutchinson now owns 948 shares of the semiconductor company’s stock valued at $859,000 after purchasing an additional 11 shares during the last quarter. Finally, UMB Bank n.a. raised its position in Monolithic Power Systems by 2.5% in the 3rd quarter. UMB Bank n.a. now owns 492 shares of the semiconductor company’s stock valued at $453,000 after purchasing an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Key Headlines Impacting Monolithic Power Systems

Here are the key news stories impacting Monolithic Power Systems this week:

• Negative Sentiment: EVP Saria Tseng disclosed a sale of 7,565 shares at an average price of $1,700, trimming her position by about 5%. Insiders at Monolithic Power have been actively selling lately, which can signal that management sees less near-term upside. Article Title
• Negative Sentiment: Director Jeff Zhou also sold 486 shares at $1,680, continuing a recent pattern of insider selling at MPWR. Multiple insider sales in a short period often pressure sentiment, even if the amounts are small relative to total holdings. Article Title
• Negative Sentiment: Separate coverage noted that insiders have sold roughly $515 million of Monolithic Power stock, reinforcing concerns that the shares may be getting expensive after a strong run. Article Title
• Negative Sentiment: GuruFocus said MPWR still looks overvalued despite the recent rally, adding to valuation anxiety as the stock trades near its highs. Article Title

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $1,566.21 on Friday. The company has a market cap of $76.95 billion, a P/E ratio of 112.92, a PEG ratio of 2.80 and a beta of 1.74. Monolithic Power Systems, Inc. has a one year low of $643.36 and a one year high of $1,714.09. The firm has a fifty day moving average of $1,411.52 and a two-hundred day moving average of $1,161.77.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The company had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. Monolithic Power Systems’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.04 EPS. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Rosenblatt Securities upped their price target on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Wells Fargo & Company upped their price target on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. KeyCorp upped their price target on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, Stifel Nicolaus upped their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,599.17.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Saria Tseng sold 25,674 shares of the company’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $1,010.50, for a total transaction of $25,943,577.00. Following the completion of the transaction, the executive vice president owned 174,982 shares in the company, valued at approximately $176,819,311. This represents a 12.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deming Xiao sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the transaction, the executive vice president owned 205,959 shares of the company’s stock, valued at approximately $340,769,463.45. The trade was a 12.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 113,043 shares of company stock worth $160,829,940 in the last 90 days. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC?DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC?DC power solutions.