Malaga Cove Capital LLC Reduces Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Malaga Cove Capital LLC trimmed its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 938 shares of the semiconductor company’s stock after selling 127 shares during the quarter. Malaga Cove Capital LLC’s holdings in Monolithic Power Systems were worth $555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Perpetual Ltd boosted its stake in shares of Monolithic Power Systems by 1,042.4% during the fourth quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company’s stock valued at $1,737,000 after purchasing an additional 2,679 shares during the period. ICICI Prudential Asset Management Co Ltd purchased a new stake in Monolithic Power Systems during the 4th quarter valued at $3,182,000. Vantage Investment Partners LLC grew its holdings in Monolithic Power Systems by 4.5% in the 4th quarter. Vantage Investment Partners LLC now owns 34,722 shares of the semiconductor company’s stock worth $20,545,000 after acquiring an additional 1,505 shares during the last quarter. Boston Family Office LLC increased its position in shares of Monolithic Power Systems by 1,031.6% in the fourth quarter. Boston Family Office LLC now owns 2,614 shares of the semiconductor company’s stock valued at $1,547,000 after acquiring an additional 2,383 shares during the period. Finally, Peak Financial Advisors LLC purchased a new position in shares of Monolithic Power Systems in the fourth quarter valued at about $3,201,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $650.00, for a total value of $65,000.00. Following the completion of the sale, the director now owns 776 shares of the company’s stock, valued at approximately $504,400. The trade was a 11.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the completion of the transaction, the executive vice president now owns 4,015 shares in the company, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,200 shares of company stock valued at $8,546,800 over the last ninety days. Insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $737.73 on Wednesday. The company has a market capitalization of $35.32 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The company’s 50-day moving average is $574.69 and its 200 day moving average is $618.50.

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

Analysts Set New Price Targets

Several research firms recently issued reports on MPWR. Raymond James reissued an “outperform” rating and issued a $720.00 target price (down from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. TD Cowen increased their price objective on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Stifel Nicolaus reduced their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. KeyCorp decreased their target price on Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Finally, Loop Capital lifted their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $779.83.

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.