Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 941,376 shares of the semiconductor company’s stock after selling 43,665 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Monolithic Power Systems were worth $773,510,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MPWR. Gilbert & Cook Inc. boosted its position in shares of Monolithic Power Systems by 8.6% in the fourth quarter. Gilbert & Cook Inc. now owns 1,608 shares of the semiconductor company’s stock worth $1,014,000 after acquiring an additional 127 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter worth approximately $391,000. Avantax Advisory Services Inc. acquired a new stake in shares of Monolithic Power Systems in the fourth quarter worth approximately $416,000. Financial Advocates Investment Management acquired a new stake in shares of Monolithic Power Systems in the fourth quarter worth approximately $309,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Monolithic Power Systems by 159.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 954 shares of the semiconductor company’s stock worth $602,000 after acquiring an additional 586 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Saria Tseng sold 37,093 shares of Monolithic Power Systems stock in a transaction on Monday, July 1st. The shares were sold at an average price of $808.20, for a total value of $29,978,562.60. Following the completion of the transaction, the executive vice president now owns 166,428 shares of the company’s stock, valued at $134,507,109.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Saria Tseng sold 37,093 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $808.20, for a total transaction of $29,978,562.60. Following the completion of the transaction, the executive vice president now owns 166,428 shares of the company’s stock, valued at $134,507,109.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 10,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the transaction, the executive vice president now directly owns 29,714 shares of the company’s stock, valued at approximately $28,228,300. The disclosure for this sale can be found here. Insiders sold a total of 98,299 shares of company stock valued at $83,140,933 over the last 90 days. 3.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on MPWR. Deutsche Bank Aktiengesellschaft raised their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Rosenblatt Securities raised their price target on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a report on Monday, July 29th. KeyCorp raised their price target on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Oppenheimer raised their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. Finally, Raymond James lifted their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $912.30.

Monolithic Power Systems Trading Down 3.2 %

Shares of NASDAQ:MPWR opened at $885.23 on Tuesday. The company has a fifty day simple moving average of $859.32 and a 200 day simple moving average of $772.75. The firm has a market cap of $43.15 billion, a PE ratio of 105.51, a price-to-earnings-growth ratio of 4.14 and a beta of 1.12. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. The business had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The business’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 earnings per share. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

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.