KP Management LLC Cuts Holdings in Monolithic Power Systems, Inc. $MPWR

KP Management LLC cut its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 30.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,500 shares of the semiconductor company’s stock after selling 2,000 shares during the quarter. KP Management LLC’s holdings in Monolithic Power Systems were worth $3,291,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after buying an additional 200 shares during the period. Prudential PLC lifted its holdings in Monolithic Power Systems by 90.4% during the 1st quarter. Prudential PLC now owns 1,615 shares of the semiconductor company’s stock worth $937,000 after buying an additional 767 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Monolithic Power Systems by 21.5% during the 1st quarter. Russell Investments Group Ltd. now owns 32,428 shares of the semiconductor company’s stock worth $18,808,000 after acquiring an additional 5,734 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Monolithic Power Systems by 7.1% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 10,598 shares of the semiconductor company’s stock valued at $6,147,000 after acquiring an additional 700 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. raised its position in shares of Monolithic Power Systems by 50.5% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 1,300 shares of the semiconductor company’s stock worth $754,000 after acquiring an additional 436 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Maurice Sciammas sold 3,976 shares of Monolithic Power Systems stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $895.23, for a total transaction of $3,559,434.48. Following the transaction, the executive vice president owned 144,330 shares in the company, valued at $129,208,545.90. The trade was a 2.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Saria Tseng sold 20,000 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $926.47, for a total value of $18,529,400.00. Following the sale, the executive vice president directly owned 187,331 shares of the company’s stock, valued at approximately $173,556,551.57. The trade was a 9.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 102,426 shares of company stock worth $94,860,304 in the last 90 days. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Trading Down 3.6%

MPWR stock opened at $946.51 on Friday. The company has a fifty day simple moving average of $970.39 and a 200 day simple moving average of $850.07. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $1,123.38. The firm has a market cap of $45.35 billion, a PE ratio of 24.17, a PEG ratio of 3.20 and a beta of 1.47.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.62 by $0.11. The company had revenue of $737.18 million during the quarter, compared to analysts’ expectations of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The business’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.06 EPS. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Analysts Set New Price Targets

MPWR has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Cowen reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Stifel Nicolaus raised their price target on Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. TD Cowen upped their price objective on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Citigroup upped their target price on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,047.27.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.