Forsta AP Fonden Reduces Holdings in Monolithic Power Systems, Inc. $MPWR

Forsta AP Fonden cut its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,720 shares of the semiconductor company’s stock after selling 1,880 shares during the quarter. Forsta AP Fonden’s holdings in Monolithic Power Systems were worth $23,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $34,000. IFP Advisors Inc lifted its holdings in Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares during the period. Covestor Ltd lifted its holdings in Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after buying an additional 9 shares during the period. Cornerstone Planning Group LLC lifted its holdings in Monolithic Power Systems by 542.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock worth $41,000 after buying an additional 38 shares during the period. Finally, Torren Management LLC purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $49,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Monolithic Power Systems

In related news, EVP Deming Xiao sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the completion of the transaction, the executive vice president owned 205,959 shares of the company’s stock, valued at $340,769,463.45. This trade represents a 12.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeff Zhou sold 1,014 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $1,587.06, for a total value 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. This trade represents a 17.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 113,043 shares of company stock worth $160,829,940 over the last quarter. 3.40% of the stock is currently owned by company insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $1,566.21 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $643.36 and a fifty-two week high of $1,714.09. The stock has a market cap of $76.95 billion, a PE ratio of 112.92, a price-to-earnings-growth ratio of 2.80 and a beta of 1.74. The firm’s 50-day simple moving average is $1,411.52 and its two-hundred day simple moving average is $1,161.77.

Monolithic Power Systems (NASDAQ:MPWR) last posted 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. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. During the same quarter last year, the company earned $4.04 EPS. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. Equities research analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MPWR shares. Stifel Nicolaus increased their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Truist Financial set a $1,805.00 price objective on Monolithic Power Systems in a report on Friday, May 1st. TD Cowen increased their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Zacks Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.

Trending Headlines about Monolithic Power Systems

Here are the key news stories impacting Monolithic Power Systems this week:

• Negative Sentiment: EVP Saria Tseng disclosed a sale of 7,565 shares at an average price of $1,700, trimming her position by about 5%. Insiders at Monolithic Power have been actively selling lately, which can signal that management sees less near-term upside. Article Title
• Negative Sentiment: Director Jeff Zhou also sold 486 shares at $1,680, continuing a recent pattern of insider selling at MPWR. Multiple insider sales in a short period often pressure sentiment, even if the amounts are small relative to total holdings. Article Title
• Negative Sentiment: Separate coverage noted that insiders have sold roughly $515 million of Monolithic Power stock, reinforcing concerns that the shares may be getting expensive after a strong run. Article Title
• Negative Sentiment: GuruFocus said MPWR still looks overvalued despite the recent rally, adding to valuation anxiety as the stock trades near its highs. Article Title

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.