Commonwealth Equity Services LLC Sells 1,522 Shares of Monolithic Power Systems, Inc. $MPWR

Commonwealth Equity Services LLC decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 21.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,727 shares of the semiconductor company’s stock after selling 1,522 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Monolithic Power Systems were worth $5,191,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MPWR. Brighton Jones LLC lifted its position in Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after buying an additional 200 shares during the last quarter. Empowered Funds LLC lifted its position in Monolithic Power Systems by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after buying an additional 161 shares during the last quarter. NewEdge Advisors LLC lifted its position in Monolithic Power Systems by 3.5% in the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock worth $6,863,000 after buying an additional 314 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in Monolithic Power Systems by 35.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock worth $26,175,000 after buying an additional 9,315 shares during the last quarter. Finally, Globeflex Capital L P bought a new stake in Monolithic Power Systems in the 2nd quarter worth approximately $347,000. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,481.05 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $670.00 and a fifty-two week high of $1,714.09. The stock has a 50 day moving average price of $1,462.17 and a two-hundred day moving average price of $1,184.55. The company has a market capitalization of $72.76 billion, a P/E ratio of 106.78, a PEG ratio of 2.65 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The firm had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. During the same period in the previous year, the firm earned $4.04 earnings per share. The business’s revenue was up 26.1% compared to the same quarter last year. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Insider Activity

In other news, Director Jeff Zhou sold 1,014 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $1,587.06, for a total transaction of $1,609,278.84. Following the transaction, the director directly owned 4,786 shares of the company’s stock, valued at approximately $7,595,669.16. The trade was a 17.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Saria Tseng sold 25,674 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $1,010.50, for a total value of $25,943,577.00. Following the transaction, the executive vice president directly owned 174,982 shares in the company, valued at $176,819,311. This trade represents a 12.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 113,073 shares of company stock valued at $160,875,958. 3.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Weiss Ratings downgraded Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 28th. Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a research report on Friday, May 1st. Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Rosenblatt Securities boosted their price objective on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,599.17.

Monolithic Power Systems 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.