Swedbank AB Sells 2,050 Shares of Monolithic Power Systems, Inc. $MPWR

Swedbank AB lowered its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,394 shares of the semiconductor company’s stock after selling 2,050 shares during the quarter. Swedbank AB’s holdings in Monolithic Power Systems were worth $33,892,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in MPWR. Brighton Jones LLC increased its position in shares of 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 purchasing an additional 200 shares in the last quarter. Empowered Funds LLC increased its position in shares of Monolithic Power Systems by 3.1% during the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after purchasing an additional 161 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Monolithic Power Systems by 3.5% during the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock worth $6,863,000 after purchasing an additional 314 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Monolithic Power Systems by 35.2% during the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock worth $26,175,000 after purchasing an additional 9,315 shares in the last quarter. Finally, Globeflex Capital L P acquired a new stake in shares of Monolithic Power Systems during the 2nd quarter worth about $347,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the completion of the sale, the executive vice president owned 166,644 shares in the company, valued at $260,197,941.60. The trade was a 6.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeff Zhou sold 500 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,650.00, for a total transaction of $825,000.00. Following the sale, the director owned 4,286 shares of the company’s stock, valued at approximately $7,071,900. This represents a 10.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 99,992 shares of company stock worth $139,220,810 over the last 90 days. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Performance

MPWR opened at $1,589.81 on Monday. The stock has a market capitalization of $78.11 billion, a PE ratio of 114.62, a PEG ratio of 2.84 and a beta of 1.74. Monolithic Power Systems, Inc. has a 1-year low of $643.36 and a 1-year high of $1,675.42. The firm has a 50-day moving average price of $1,356.19 and a two-hundred day moving average price of $1,140.39.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MPWR shares. Weiss Ratings upgraded shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. KeyCorp increased their target price on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Zacks Research cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Oppenheimer set a $1,700.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, Wells Fargo & Company raised their price objective 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. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.

About Monolithic Power Systems

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.