Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Scientech Research LLC

Scientech Research LLC trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,823 shares of the semiconductor company’s stock after selling 32 shares during the quarter. Scientech Research LLC’s holdings in Monolithic Power Systems were worth $1,079,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Perpetual Ltd raised its holdings in shares of Monolithic Power Systems by 1,042.4% in the fourth quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company’s stock worth $1,737,000 after buying an additional 2,679 shares during the last quarter. ICICI Prudential Asset Management Co Ltd purchased a new position in Monolithic Power Systems in the fourth quarter valued at $3,182,000. Vantage Investment Partners LLC increased its holdings in Monolithic Power Systems by 4.5% in the fourth quarter. Vantage Investment Partners LLC now owns 34,722 shares of the semiconductor company’s stock valued at $20,545,000 after buying an additional 1,505 shares in the last quarter. Boston Family Office LLC increased its holdings in Monolithic Power Systems by 1,031.6% in the fourth quarter. Boston Family Office LLC now owns 2,614 shares of the semiconductor company’s stock valued at $1,547,000 after buying an additional 2,383 shares in the last quarter. Finally, GDS Wealth Management grew its position in shares of Monolithic Power Systems by 1,527.1% in the fourth quarter. GDS Wealth Management now owns 8,168 shares of the semiconductor company’s stock valued at $4,833,000 after purchasing an additional 7,666 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MPWR. Loop Capital boosted their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Oppenheimer restated an “outperform” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, March 21st. Wells Fargo & Company lowered their price target on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st. Stifel Nicolaus lowered their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $644.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus target price of $779.83.

Monolithic Power Systems Stock Up 0.7%

Shares of Monolithic Power Systems stock opened at $715.40 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $959.64. The firm’s 50 day moving average is $586.35 and its two-hundred day moving average is $617.38. The firm has a market capitalization of $34.25 billion, a P/E ratio of 19.46, a P/E/G ratio of 2.60 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The business had revenue of $637.55 million during the quarter, compared to analysts’ expectations of $633.43 million. During the same quarter in the prior year, the business posted $2.81 EPS. The company’s revenue for the quarter was up 39.2% on a year-over-year basis. As a group, research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the sale, the executive vice president now directly owns 4,015 shares of the company’s stock, valued at $2,814,515. This trade represents a 74.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following the sale, the director now directly owns 776 shares in the company, valued at $504,400. This represents a 11.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,200 shares of company stock worth $8,546,800 in the last 90 days. Company insiders own 3.70% of the company’s stock.

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.