Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Holdings Lowered by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC reduced its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 18.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 449 shares of the semiconductor company’s stock after selling 103 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Monolithic Power Systems were worth $266,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Granahan Investment Management LLC raised its holdings in shares of Monolithic Power Systems by 11.7% in the 4th quarter. Granahan Investment Management LLC now owns 400 shares of the semiconductor company’s stock worth $237,000 after purchasing an additional 42 shares in the last quarter. Ethic Inc. raised its holdings in shares of Monolithic Power Systems by 55.4% during the fourth quarter. Ethic Inc. now owns 4,274 shares of the semiconductor company’s stock valued at $2,529,000 after acquiring an additional 1,524 shares during the period. Ensign Peak Advisors Inc raised its holdings in shares of Monolithic Power Systems by 121.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 337,078 shares of the semiconductor company’s stock valued at $199,449,000 after acquiring an additional 185,002 shares during the period. Fiduciary Trust Co acquired a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $305,000. Finally, FORA Capital LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $404,000. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $715.40 on Friday. The firm has a market cap of $34.25 billion, a PE ratio of 19.46, a P/E/G ratio of 2.60 and a beta of 1.18. The firm’s 50 day moving average price is $586.35 and its two-hundred day moving average price is $617.38. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64.

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

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of recent analyst reports. Raymond James restated an “outperform” rating and set a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Citigroup boosted their price target on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Needham & Company LLC restated a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. Stifel Nicolaus cut their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Finally, KeyCorp cut their price target on shares of Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $779.83.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the completion of the sale, the executive vice president now directly owns 4,015 shares of the company’s stock, valued at $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $698.00, for a total transaction of $69,800.00. Following the completion of the sale, the director now directly owns 676 shares of the company’s stock, valued at $471,848. This represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,200 shares of company stock valued at $8,546,800 over the last ninety days. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems 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.