Securian Asset Management Inc. reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 42.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,329 shares of the semiconductor company’s stock after selling 982 shares during the quarter. Securian Asset Management Inc.’s holdings in Monolithic Power Systems were worth $1,205,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $34,000. IFP Advisors Inc lifted its stake in Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in shares of Monolithic Power Systems by 542.9% during the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock worth $41,000 after buying an additional 38 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Monolithic Power Systems in the third quarter valued at $42,000. Finally, Torren Management LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at $49,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Insider Activity
In related news, Director Eugen J. Elmiger sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the transaction, the director owned 5,402 shares in the company, valued at $8,561,953.92. This trade represents a 68.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Maurice Sciammas sold 380 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $1,583.81, for a total value of $601,847.80. Following the transaction, the executive vice president directly owned 919 shares in the company, valued at approximately $1,455,521.39. This trade represents a 29.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 87,992 shares of company stock worth $120,484,010 over the last ninety days. 3.40% of the stock is owned by corporate insiders.
Analyst Ratings Changes
View Our Latest Report on Monolithic Power Systems
Monolithic Power Systems Price Performance
Shares of MPWR opened at $1,599.52 on Wednesday. Monolithic Power Systems, Inc. has a 1-year low of $643.36 and a 1-year high of $1,663.99. The stock has a market cap of $78.58 billion, a PE ratio of 115.32, a price-to-earnings-growth ratio of 2.97 and a beta of 1.74. The firm has a fifty day moving average price of $1,278.85 and a 200 day moving average price of $1,112.61.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. During the same quarter last year, the company posted $4.04 earnings per share. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.
About Monolithic Power Systems
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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