EULAV Asset Management lessened its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 28.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,682 shares of the semiconductor company’s stock after selling 30,595 shares during the period. Monolithic Power Systems makes up approximately 1.9% of EULAV Asset Management’s holdings, making the stock its 11th largest position. EULAV Asset Management’s holdings in Monolithic Power Systems were worth $70,408,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. IFP Advisors Inc grew its position 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 purchasing an additional 24 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Monolithic Power Systems in the 4th quarter worth approximately $34,000. Covestor Ltd increased its position in shares of Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 9 shares during the last quarter. Cornerstone Planning Group LLC increased its position in shares of Monolithic Power Systems by 542.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 38 shares during the last quarter. Finally, Torren Management LLC purchased a new stake in shares of Monolithic Power Systems during the 4th quarter valued at about $49,000. Institutional investors own 93.46% of the company’s stock.
Insider Buying and Selling at Monolithic Power Systems
In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,533.95, for a total transaction of $46,018.50. Following the completion of the sale, the executive vice president directly owned 1,179 shares of the company’s stock, valued at $1,808,527.05. This trade represents a 2.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Saria Tseng sold 7,565 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the sale, the executive vice president directly owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. This trade represents a 4.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 113,073 shares of company stock worth $160,875,958. Insiders own 3.40% of the company’s stock.
Monolithic Power Systems Stock Down 10.4%
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. The business had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business’s quarterly revenue was up 26.1% on a year-over-year basis. During the same period last year, the firm earned $4.04 earnings per share. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have recently commented on MPWR shares. Truist Financial set a $1,805.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 1st. TD Cowen upped their price target on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Rosenblatt Securities upped their price target on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. KeyCorp upped their price target on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Needham & Company LLC boosted their price target on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,599.17.
View Our Latest Report on Monolithic Power Systems
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.
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