Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina lowered its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,393 shares of the semiconductor company’s stock after selling 120 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Monolithic Power Systems were worth $12,863,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Baader Bank Aktiengesellschaft raised its holdings in shares of Monolithic Power Systems by 0.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,831 shares of the semiconductor company’s stock valued at $1,153,000 after acquiring an additional 14 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Monolithic Power Systems by 23.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 15 shares in the last quarter. American National Bank grew its position in shares of Monolithic Power Systems by 1.5% in the fourth quarter. American National Bank now owns 1,060 shares of the semiconductor company’s stock valued at $669,000 after purchasing an additional 16 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of Monolithic Power Systems by 4.3% in the fourth quarter. Quadrant Capital Group LLC now owns 463 shares of the semiconductor company’s stock valued at $292,000 after purchasing an additional 19 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Monolithic Power Systems by 12.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 182 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Down 0.3 %

Shares of NASDAQ MPWR opened at $743.90 on Friday. The stock has a market cap of $36.21 billion, a P/E ratio of 88.67, a PEG ratio of 3.86 and a beta of 1.22. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $778.15. The business’s fifty day simple moving average is $687.81 and its 200-day simple moving average is $652.75.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.02. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. The business had revenue of $457.89 million for the quarter, compared to analysts’ expectations of $447.76 million. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 10.03 EPS for the current fiscal year.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $663.29, for a total value of $1,658,225.00. Following the sale, the chief financial officer now directly owns 75,723 shares in the company, valued at $50,226,308.67. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $663.29, for a total transaction of $1,658,225.00. Following the sale, the chief financial officer now owns 75,723 shares in the company, valued at $50,226,308.67. 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 11,000 shares of Monolithic Power Systems stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $681.83, for a total value of $7,500,130.00. Following the sale, the executive vice president now owns 130,744 shares in the company, valued at approximately $89,145,181.52. The disclosure for this sale can be found here. Insiders have sold a total of 35,630 shares of company stock worth $24,226,598 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Truist Financial upped their price target on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Oppenheimer increased their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Wells Fargo & Company increased their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Finally, TD Cowen increased their price objective on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $743.78.

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.