Vantage Investment Partners LLC Reduces Stock Position in Monolithic Power Systems, Inc. $MPWR

Vantage Investment Partners LLC lessened its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 77.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,097 shares of the semiconductor company’s stock after selling 34,487 shares during the quarter. Vantage Investment Partners LLC’s holdings in Monolithic Power Systems were worth $9,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Penserra Capital Management LLC boosted its stake in shares of Monolithic Power Systems by 88.9% during the 3rd quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company’s stock worth $2,016,000 after acquiring an additional 1,031 shares during the last quarter. AE Wealth Management LLC purchased a new position in shares of Monolithic Power Systems during the 3rd quarter worth $1,121,000. Candriam S.C.A. boosted its stake in shares of Monolithic Power Systems by 6.9% during the 3rd quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company’s stock worth $79,089,000 after acquiring an additional 5,561 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Monolithic Power Systems by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after acquiring an additional 134,087 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Monolithic Power Systems by 66.4% during the 3rd quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock worth $412,263,000 after acquiring an additional 178,622 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $1,589.81 on Friday. The company has a market capitalization of $78.11 billion, a price-to-earnings ratio of 114.62, a PEG ratio of 2.79 and a beta of 1.74. Monolithic Power Systems, Inc. has a one year low of $643.36 and a one year high of $1,675.42. The company’s fifty day moving average price is $1,356.19 and its 200-day moving average price is $1,139.44.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.90 by $0.20. The firm had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The company’s revenue was up 26.1% on a year-over-year basis. During the same period last year, the firm earned $4.04 EPS. Equities research analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on MPWR. KeyCorp lifted their price target on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Weiss Ratings upgraded shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Raymond James Financial restated an “outperform” rating and set a $1,800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 1st. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Finally, Oppenheimer set a $1,700.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 1st. Twelve investment 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 currently has an average rating of “Moderate Buy” and a consensus target price of $1,599.17.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Deming Xiao sold 30,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the sale, the executive vice president directly owned 205,959 shares in the company, valued at approximately $340,769,463.45. The trade was a 12.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Eugen J. Elmiger sold 12,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the completion of the sale, the director owned 5,402 shares in the company, valued at approximately $8,561,953.92. This represents a 68.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 99,992 shares of company stock worth $139,220,810 in the last 90 days. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems 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.