Snowden Capital Advisors LLC Trims Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Snowden Capital Advisors LLC decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 77.5% in the fourth quarter, Holdings Channel reports. The firm owned 1,942 shares of the semiconductor company’s stock after selling 6,691 shares during the period. Snowden Capital Advisors LLC’s holdings in Monolithic Power Systems were worth $1,152,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Siemens Fonds Invest GmbH lifted its holdings in shares of Monolithic Power Systems by 18,567.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 200,487 shares of the semiconductor company’s stock worth $118,628,000 after buying an additional 199,413 shares during the period. Shell Asset Management Co. increased its stake in shares of Monolithic Power Systems by 1,101.2% during the fourth quarter. Shell Asset Management Co. now owns 5,213 shares of the semiconductor company’s stock valued at $3,085,000 after buying an additional 4,779 shares during the period. Sherbrooke Park Advisers LLC raised its holdings in shares of Monolithic Power Systems by 252.9% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 2,587 shares of the semiconductor company’s stock valued at $1,531,000 after acquiring an additional 1,854 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its stake in Monolithic Power Systems by 599.5% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 16,278 shares of the semiconductor company’s stock worth $9,632,000 after acquiring an additional 13,951 shares during the period. Finally, Rafferty Asset Management LLC lifted its stake in Monolithic Power Systems by 7.2% in the fourth quarter. Rafferty Asset Management LLC now owns 419,195 shares of the semiconductor company’s stock worth $248,038,000 after acquiring an additional 28,126 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on MPWR shares. Citigroup raised their target price on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. KeyCorp cut their price objective 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. Wells Fargo & Company dropped their target price on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st. TD Cowen lifted their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Finally, Raymond James reaffirmed an “outperform” rating and set a $720.00 price objective (down previously from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $779.83.

Insider Activity at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total value of $65,000.00. Following the completion of the transaction, the director now owns 776 shares in the company, valued at $504,400. This trade represents a 11.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maurice Sciammas sold 12,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 4,015 shares in the company, valued at approximately $2,814,515. The trade was a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,200 shares of company stock valued at $8,546,800 in the last three months. 3.40% of the stock is owned by insiders.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $715.40 on Monday. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The business has a fifty day moving average price of $586.35 and a 200-day moving average price of $614.27. The stock has a market capitalization of $34.25 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 2.60 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR) last released 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. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The company had revenue of $637.55 million during the quarter, compared to analysts’ expectations of $633.43 million. During the same period last year, the business posted $2.81 earnings per share. The firm’s revenue was up 39.2% compared to the same quarter last year. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

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.