Sei Investments Co. Reduces Stock Position in Monolithic Power Systems, Inc. $MPWR

Sei Investments Co. lessened its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 199,487 shares of the semiconductor company’s stock after selling 1,876 shares during the quarter. Sei Investments Co. owned approximately 0.42% of Monolithic Power Systems worth $145,898,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. WPG Advisers LLC bought a new position in shares of Monolithic Power Systems in the first quarter worth about $27,000. NewSquare Capital LLC lifted its holdings in Monolithic Power Systems by 76.0% during the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 19 shares in the last quarter. SouthState Corp purchased a new stake in Monolithic Power Systems in the 1st quarter valued at about $33,000. Strategic Investment Solutions Inc. IL bought a new position in Monolithic Power Systems in the 2nd quarter worth about $36,000. Finally, AdvisorNet Financial Inc increased its position in shares of Monolithic Power Systems by 306.3% during the second quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 49 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Trading Up 1.7%

Shares of NASDAQ:MPWR opened at $979.02 on Thursday. The company has a market capitalization of $46.90 billion, a PE ratio of 25.00, a P/E/G ratio of 3.25 and a beta of 1.47. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,123.38. The business’s fifty day simple moving average is $968.82 and its 200-day simple moving average is $846.01.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.11. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The company had revenue of $737.18 million for the quarter, compared to the consensus estimate of $720.66 million. During the same quarter last year, the company earned $4.06 earnings per share. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. Research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wolfe Research set a $1,200.00 price target on Monolithic Power Systems and gave the company an “outperform” rating in a report on Tuesday, October 14th. Stifel Nicolaus upped their target price on Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, October 17th. William Blair raised Monolithic Power Systems to a “strong-buy” rating in a research report on Wednesday, August 13th. Citigroup raised their price target on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, TD Cowen upped their price objective on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average target price of $1,047.27.

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 3,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $1,024.43, for a total transaction of $3,073,290.00. Following the transaction, the chief financial officer directly owned 74,332 shares of the company’s stock, valued at approximately $76,147,930.76. This represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Saria Tseng sold 20,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $926.47, for a total value of $18,529,400.00. Following the completion of the sale, the executive vice president directly owned 187,331 shares of the company’s stock, valued at $173,556,551.57. The trade was a 9.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 102,426 shares of company stock valued at $94,860,304. 3.40% of the stock is currently owned by insiders.

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.