Monolithic Power Systems, Inc. (MPWR) Stake Lessened by Millrace Asset Group Inc.

Millrace Asset Group Inc. lowered its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 73.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,223 shares of the semiconductor company’s stock after selling 9,000 shares during the quarter. Millrace Asset Group Inc.’s holdings in Monolithic Power Systems were worth $373,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $106,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Monolithic Power Systems during the first quarter valued at approximately $206,000. Zeke Capital Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $201,000. Suntrust Banks Inc. acquired a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $204,000. Finally, Alps Advisors Inc. acquired a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $206,000. Institutional investors and hedge funds own 91.47% of the company’s stock.

Shares of Monolithic Power Systems opened at $139.73 on Wednesday, according to Marketbeat.com. Monolithic Power Systems, Inc. has a 52 week low of $94.24 and a 52 week high of $140.20. The company has a market cap of $5.79 billion, a P/E ratio of 75.53, a P/E/G ratio of 3.10 and a beta of 1.32.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Monday, April 30th. The semiconductor company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.02. The firm had revenue of $129.20 million for the quarter, compared to the consensus estimate of $125.18 million. Monolithic Power Systems had a net margin of 14.52% and a return on equity of 17.04%. The firm’s revenue was up 28.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 earnings per share. equities analysts anticipate that Monolithic Power Systems, Inc. will post 2.46 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank boosted their price target on shares of Monolithic Power Systems from $130.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, June 5th. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Tuesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price objective on shares of Monolithic Power Systems in a research report on Friday, June 8th. Cowen boosted their price objective on shares of Monolithic Power Systems from $150.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, June 8th. Finally, Zacks Investment Research raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research report on Thursday, May 3rd. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Monolithic Power Systems currently has a consensus rating of “Buy” and a consensus target price of $141.70.

In other Monolithic Power Systems news, CEO Michael Hsing sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $133.05, for a total value of $2,661,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,168,575 shares of the company’s stock, valued at $155,478,903.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James C. Moyer sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, April 9th. The stock was sold at an average price of $113.41, for a total transaction of $1,701,150.00. Following the completion of the sale, the director now directly owns 666,815 shares of the company’s stock, valued at $75,623,489.15. The disclosure for this sale can be found here. Insiders sold 145,995 shares of company stock valued at $17,923,084 over the last three months. Insiders own 4.00% of the company’s stock.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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