American International Group Inc. trimmed its holdings in Monolithic Power Systems Inc (NASDAQ:MPWR) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 102,262 shares of the semiconductor company’s stock after selling 2,873 shares during the period. American International Group Inc. owned about 0.24% of Monolithic Power Systems worth $11,839,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in shares of Monolithic Power Systems by 3.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 12,574 shares of the semiconductor company’s stock valued at $1,412,000 after purchasing an additional 431 shares in the last quarter. Zeke Capital Advisors LLC lifted its position in shares of Monolithic Power Systems by 24.3% during the first quarter. Zeke Capital Advisors LLC now owns 2,219 shares of the semiconductor company’s stock valued at $257,000 after purchasing an additional 434 shares in the last quarter. HL Financial Services LLC lifted its position in shares of Monolithic Power Systems by 0.9% during the fourth quarter. HL Financial Services LLC now owns 54,447 shares of the semiconductor company’s stock valued at $6,118,000 after purchasing an additional 508 shares in the last quarter. Campbell Newman Asset Management Inc. lifted its position in shares of Monolithic Power Systems by 22.8% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 2,965 shares of the semiconductor company’s stock valued at $333,000 after purchasing an additional 551 shares in the last quarter. Finally, Hanseatic Management Services Inc. lifted its position in shares of Monolithic Power Systems by 18.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 3,735 shares of the semiconductor company’s stock valued at $420,000 after purchasing an additional 569 shares in the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the stock. Cowen assumed coverage on shares of Monolithic Power Systems in a research report on Thursday. They set an “outperform” rating and a $150.00 price target on the stock. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research report on Tuesday, May 8th. ValuEngine raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. Zacks Investment Research lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Friday, May 4th. Finally, Stifel Nicolaus raised their price target on shares of Monolithic Power Systems from $137.00 to $138.00 and gave the company a “buy” rating in a research report on Tuesday, May 1st. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $133.80.

Shares of MPWR stock opened at $128.76 on Friday. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 69.60, a P/E/G ratio of 2.82 and a beta of 1.29. Monolithic Power Systems Inc has a 52 week low of $126.13 and a 52 week high of $127.21.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Monday, April 30th. The semiconductor company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. The business had revenue of $129.20 million for the quarter, compared to analyst estimates of $125.18 million. Monolithic Power Systems had a net margin of 14.52% and a return on equity of 17.04%. The company’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 earnings per share. equities analysts forecast that Monolithic Power Systems Inc will post 2.48 EPS for the current year.

In other Monolithic Power Systems news, CEO Michael Hsing sold 20,000 shares of Monolithic Power Systems stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $111.90, for a total value of $2,238,000.00. Following the sale, the chief executive officer now owns 1,224,789 shares of the company’s stock, valued at $137,053,889.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 232 shares of Monolithic Power Systems stock in a transaction dated Monday, April 30th. The stock was sold at an average price of $120.55, for a total transaction of $27,967.60. Following the completion of the sale, the chief financial officer now directly owns 56,436 shares in the company, valued at approximately $6,803,359.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 212,234 shares of company stock worth $25,203,169. Insiders own 4.00% of the company’s stock.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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