Los Angeles Capital Management LLC Sells 16,292 Shares of Monolithic Power Systems, Inc. $MPWR

Los Angeles Capital Management LLC trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 70.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,953 shares of the semiconductor company’s stock after selling 16,292 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Monolithic Power Systems were worth $6,302,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $34,000. IFP Advisors Inc boosted its position in Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares in the last quarter. Covestor Ltd boosted its position in Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 9 shares in the last quarter. Torren Management LLC acquired a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $49,000. Finally, WPG Advisers LLC boosted its position in Monolithic Power Systems by 43.9% in the fourth quarter. WPG Advisers LLC now owns 59 shares of the semiconductor company’s stock valued at $53,000 after buying an additional 18 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of research analyst reports. Zacks Research lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Weiss Ratings lowered shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 28th. KeyCorp raised their target price 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. Needham & Company LLC raised their target price on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Stifel Nicolaus raised their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,599.17.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $1,559.18 on Tuesday. The firm has a market cap of $76.60 billion, a PE ratio of 112.41, a price-to-earnings-growth ratio of 2.65 and a beta of 1.69. The firm’s fifty day moving average is $1,472.19 and its 200-day moving average is $1,191.52. Monolithic Power Systems, Inc. has a 52 week low of $670.00 and a 52 week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates 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 revenue was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.04 earnings per share. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Insider Activity at Monolithic Power Systems

In other news, Director Jeff Zhou sold 1,014 shares of Monolithic Power Systems stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,587.06, for a total transaction of $1,609,278.84. Following the transaction, the director owned 4,786 shares in the company, valued at approximately $7,595,669.16. The trade was a 17.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eugen J. Elmiger sold 12,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the transaction, the director owned 5,402 shares in the company, valued at approximately $8,561,953.92. This trade represents a 68.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 113,073 shares of company stock valued at $160,875,958 in the last quarter. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Company 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.