Worldquant Millennium Advisors LLC Has $2.77 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Worldquant Millennium Advisors LLC lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,689 shares of the semiconductor company’s stock after selling 51 shares during the period. Worldquant Millennium Advisors LLC’s holdings in Monolithic Power Systems were worth $2,774,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Tradewinds Capital Management LLC increased its stake in Monolithic Power Systems by 120.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management bought a new stake in Monolithic Power Systems during the 4th quarter valued at $27,000. Itau Unibanco Holding S.A. increased its stake in Monolithic Power Systems by 637.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 51 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Monolithic Power Systems during the 4th quarter valued at $39,000. Finally, AlphaQuest LLC bought a new stake in Monolithic Power Systems during the 4th quarter valued at $41,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wells Fargo & Company decreased their price target on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research note on Friday, March 21st. TD Cowen boosted their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Citigroup boosted their price target on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Oppenheimer restated an “outperform” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, March 21st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average target price of $779.83.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the company’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 represents a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the sale, the director now directly owns 676 shares in the company, valued at approximately $471,848. This trade represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,200 shares of company stock worth $8,546,800. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $672.20 on Friday. The firm has a market cap of $32.18 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 2.60 and a beta of 1.18. The company has a fifty day moving average price of $593.40 and a 200-day moving average price of $614.27. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64.

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

Monolithic Power Systems Profile

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.