Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Jag Capital Management LLC

Jag Capital Management LLC lessened its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Rating) by 4.3% during the fourth quarter, HoldingsChannel reports. The fund owned 69,221 shares of the semiconductor company’s stock after selling 3,112 shares during the period. Monolithic Power Systems comprises approximately 2.6% of Jag Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Jag Capital Management LLC’s holdings in Monolithic Power Systems were worth $34,149,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MPWR. Allspring Global Investments Holdings LLC acquired a new stake in Monolithic Power Systems in the fourth quarter valued at $299,064,000. GQG Partners LLC acquired a new stake in Monolithic Power Systems in the third quarter valued at $247,393,000. Moors & Cabot Inc. acquired a new stake in Monolithic Power Systems in the third quarter valued at $250,000. American Century Companies Inc. grew its holdings in Monolithic Power Systems by 187.9% in the fourth quarter. American Century Companies Inc. now owns 368,645 shares of the semiconductor company’s stock valued at $181,863,000 after purchasing an additional 240,599 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in Monolithic Power Systems by 12.4% in the fourth quarter. Nuveen Asset Management LLC now owns 1,003,456 shares of the semiconductor company’s stock valued at $495,035,000 after purchasing an additional 111,048 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on MPWR shares. Oppenheimer lowered their target price on Monolithic Power Systems from $600.00 to $525.00 in a report on Thursday, February 3rd. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Friday, February 11th. Truist Financial decreased their price objective on Monolithic Power Systems from $568.00 to $545.00 in a research note on Friday, April 8th. KeyCorp increased their price objective on Monolithic Power Systems from $520.00 to $570.00 in a research note on Tuesday, May 3rd. Finally, Needham & Company LLC raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $530.00 price objective on the stock in a research note on Friday, February 11th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $551.33.

NASDAQ MPWR traded up $20.06 during trading hours on Thursday, hitting $421.67. 403,858 shares of the company’s stock were exchanged, compared to its average volume of 506,137. The business’s 50 day moving average is $433.36 and its 200-day moving average is $456.42. Monolithic Power Systems, Inc. has a 12-month low of $333.44 and a 12-month high of $580.00. The firm has a market capitalization of $19.67 billion, a P/E ratio of 73.21, a price-to-earnings-growth ratio of 1.91 and a beta of 1.01.

Monolithic Power Systems (NASDAQ:MPWRGet Rating) last released its earnings results on Monday, May 2nd. The semiconductor company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.03. Monolithic Power Systems had a return on equity of 22.80% and a net margin of 20.75%. The firm had revenue of $377.71 million for the quarter, compared to the consensus estimate of $360.26 million. During the same period in the prior year, the business posted $0.86 earnings per share. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 8.72 EPS for the current fiscal year.

In other news, insider Deming Xiao sold 4,298 shares of the firm’s stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $392.44, for a total value of $1,686,707.12. Following the transaction, the insider now directly owns 288,084 shares in the company, valued at approximately $113,055,684.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Saria Tseng sold 4,420 shares of the firm’s stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $467.23, for a total value of $2,065,156.60. Following the sale, the vice president now owns 295,047 shares in the company, valued at $137,854,809.81. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,541 shares of company stock worth $11,999,860. Company insiders own 2.00% of the company’s stock.

Monolithic Power Systems Profile (Get Rating)

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.

See Also

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

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