Toronto Dominion Bank Sells 1,508 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Toronto Dominion Bank reduced its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8.4% in the 4th quarter, Holdings Channel reports. The fund owned 16,509 shares of the semiconductor company’s stock after selling 1,508 shares during the quarter. Toronto Dominion Bank’s holdings in Monolithic Power Systems were worth $9,768,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MPWR. Perpetual Ltd boosted its holdings in shares of Monolithic Power Systems by 1,042.4% in the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company’s stock valued at $1,737,000 after buying an additional 2,679 shares during the last quarter. ICICI Prudential Asset Management Co Ltd acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $3,182,000. Vantage Investment Partners LLC grew its position in Monolithic Power Systems by 4.5% during the fourth quarter. Vantage Investment Partners LLC now owns 34,722 shares of the semiconductor company’s stock worth $20,545,000 after buying an additional 1,505 shares in the last quarter. Boston Family Office LLC increased its position in shares of Monolithic Power Systems by 1,031.6% in the fourth quarter. Boston Family Office LLC now owns 2,614 shares of the semiconductor company’s stock worth $1,547,000 after purchasing an additional 2,383 shares during the period. Finally, GDS Wealth Management increased its holdings in Monolithic Power Systems by 1,527.1% in the 4th quarter. GDS Wealth Management now owns 8,168 shares of the semiconductor company’s stock valued at $4,833,000 after buying an additional 7,666 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $698.00, for a total transaction of $69,800.00. Following the completion of the sale, the director now owns 676 shares in the company, valued at approximately $471,848. This represents a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the completion of the transaction, the executive vice president now owns 4,015 shares in the company, valued at $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,200 shares of company stock valued at $8,546,800. Insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on MPWR shares. Oppenheimer reissued an “outperform” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $644.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Stifel Nicolaus dropped their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. TD Cowen boosted their price objective on Monolithic Power Systems from $600.00 to $675.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Finally, KeyCorp cut their target price on shares of Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average target price of $779.83.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $700.17 on Wednesday. The company has a market capitalization of $33.52 billion, a P/E ratio of 19.04, a PEG ratio of 2.60 and a beta of 1.18. The stock has a 50 day moving average price of $591.32 and a two-hundred day moving average price of $614.47. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating analysts’ consensus estimates of $4.00 by $0.04. The firm had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The company’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.81 EPS. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Company 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.