Monolithic Power Systems, Inc. $MPWR Holdings Lowered by Swedbank AB

Swedbank AB lessened its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 37,394 shares of the semiconductor company’s stock after selling 2,050 shares during the quarter. Swedbank AB’s holdings in Monolithic Power Systems were worth $33,892,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MPWR. SG Americas Securities LLC boosted its position in shares of Monolithic Power Systems by 77,483.1% in the fourth quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after buying an additional 261,893 shares during the period. Rakuten Investment Management Inc. acquired a new stake in shares of Monolithic Power Systems in the third quarter worth $197,260,000. First Trust Advisors LP boosted its position in shares of Monolithic Power Systems by 66.4% in the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock worth $412,263,000 after buying an additional 178,622 shares during the period. Rafferty Asset Management LLC boosted its position in shares of Monolithic Power Systems by 36.1% in the second quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock worth $386,991,000 after buying an additional 140,269 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Monolithic Power Systems by 2.3% in the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after buying an additional 134,087 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

MPWR has been the subject of several recent research reports. Needham & Company LLC increased their price objective on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a report on Friday, May 1st. TD Cowen raised their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, May 1st. Weiss Ratings lowered Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Finally, Raymond James Financial restated an “outperform” rating and set a $1,800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,599.17.

Monolithic Power Systems Trading Down 4.6%

NASDAQ MPWR opened at $1,575.96 on Friday. The stock’s 50 day moving average is $1,252.72 and its two-hundred day moving average is $1,099.93. The company has a market capitalization of $77.43 billion, a price-to-earnings ratio of 113.62, a PEG ratio of 2.96 and a beta of 1.74. Monolithic Power Systems, Inc. has a 1-year low of $630.00 and a 1-year high of $1,662.00.

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

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 380 shares of Monolithic Power Systems stock in a transaction that occurred on 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 sale, the executive vice president directly owned 919 shares of the company’s stock, valued at approximately $1,455,521.39. The trade was a 29.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Saria Tseng sold 8,963 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $1,305.22, for a total value of $11,698,686.86. Following the completion of the transaction, the executive vice president directly owned 156,983 shares in the company, valued at $204,897,351.26. The trade was a 5.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 46,257 shares of company stock valued at $52,018,650. 3.40% of the stock is currently owned by corporate insiders.

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.