Monolithic Power Systems, Inc. $MPWR Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 140,279 shares of the semiconductor company’s stock after selling 732 shares during the period. Monolithic Power Systems comprises about 1.9% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 4th biggest holding. TimesSquare Capital Management LLC’s holdings in Monolithic Power Systems were worth $127,143,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Resonant Capital Advisors LLC boosted its stake in shares of Monolithic Power Systems by 4.1% during the 4th quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock valued at $230,000 after buying an additional 10 shares during the period. YANKCOM Partnership boosted its stake in shares of Monolithic Power Systems by 6.7% during the 4th quarter. YANKCOM Partnership now owns 176 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 11 shares during the period. First National Bank of Hutchinson boosted its stake in shares of Monolithic Power Systems by 1.2% during the 4th quarter. First National Bank of Hutchinson now owns 948 shares of the semiconductor company’s stock valued at $859,000 after buying an additional 11 shares during the period. Sagespring Wealth Partners LLC boosted its stake in shares of Monolithic Power Systems by 2.4% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 512 shares of the semiconductor company’s stock valued at $471,000 after buying an additional 12 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Monolithic Power Systems by 2.5% during the 3rd quarter. UMB Bank n.a. now owns 492 shares of the semiconductor company’s stock valued at $453,000 after buying an additional 12 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other news, EVP Deming Xiao sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the transaction, the executive vice president owned 205,959 shares in the company, valued at approximately $340,769,463.45. The trade was a 12.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 380 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1,583.81, for a total transaction of $601,847.80. Following the transaction, the executive vice president owned 919 shares in the company, valued at approximately $1,455,521.39. The trade was a 29.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 87,992 shares of company stock worth $120,484,010. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $1,486.33 on Tuesday. The company has a market capitalization of $73.02 billion, a PE ratio of 107.16, a price-to-earnings-growth ratio of 2.77 and a beta of 1.74. Monolithic Power Systems, Inc. has a one year low of $643.36 and a one year high of $1,675.42. The company’s fifty day moving average price is $1,316.98 and its 200 day moving average price is $1,126.44.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.90 by $0.20. The firm had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the firm posted $4.04 EPS. Analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Stifel Nicolaus lifted their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Zacks Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Finally, Weiss Ratings upgraded shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,599.17.

Monolithic Power Systems Company Profile

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.