Malaga Cove Capital LLC Sells 127 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Malaga Cove Capital LLC decreased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 938 shares of the semiconductor company’s stock after selling 127 shares during the period. Malaga Cove Capital LLC’s holdings in Monolithic Power Systems were worth $555,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Tradewinds Capital Management LLC boosted its position in shares of Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 24 shares during the period. OFI Invest Asset Management purchased a new stake in Monolithic Power Systems during the 4th quarter valued at approximately $27,000. Itau Unibanco Holding S.A. raised its position in shares of Monolithic Power Systems by 637.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 51 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Monolithic Power Systems during the fourth quarter worth $39,000. Finally, AlphaQuest LLC purchased a new position in Monolithic Power Systems during the fourth quarter valued at $41,000. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MPWR. KeyCorp cut their price objective on Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Citigroup upped their price objective on Monolithic Power Systems from $615.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Oppenheimer reissued an “outperform” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, March 21st. Rosenblatt Securities reiterated a “neutral” rating and set a $644.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Finally, Loop Capital upped their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $779.83.

Monolithic Power Systems Trading Up 4.0%

Shares of MPWR opened at $737.73 on Wednesday. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The company has a market cap of $35.32 billion, a P/E ratio of 20.06, a P/E/G ratio of 2.60 and a beta of 1.18. The company’s fifty day simple moving average is $574.69 and its 200-day simple moving average is $618.50.

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

Insider Buying and Selling at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following the completion of the sale, the director now directly owns 776 shares in the company, valued at approximately $504,400. This trade represents a 11.42% 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 Maurice Sciammas sold 12,000 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the sale, the executive vice president now directly owns 4,015 shares of the company’s stock, valued at $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,200 shares of company stock worth $8,546,800 over the last 90 days. Company insiders own 3.70% of the company’s stock.

About Monolithic Power Systems

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.