VIRGINIA RETIREMENT SYSTEMS ET Al Sells 3,440 Shares of Monolithic Power Systems, Inc. $MPWR

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 73.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,260 shares of the semiconductor company’s stock after selling 3,440 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Monolithic Power Systems were worth $1,142,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Resonant Capital Advisors LLC grew its stake in Monolithic Power Systems by 4.1% in the fourth quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 10 shares in the last quarter. YANKCOM Partnership boosted its stake in shares of Monolithic Power Systems by 6.7% during the 4th quarter. YANKCOM Partnership now owns 176 shares of the semiconductor company’s stock worth $160,000 after acquiring an additional 11 shares during the period. First National Bank of Hutchinson boosted its stake in shares of Monolithic Power Systems by 1.2% during the 4th quarter. First National Bank of Hutchinson now owns 948 shares of the semiconductor company’s stock worth $859,000 after acquiring an additional 11 shares during the period. Sagespring Wealth Partners LLC boosted its stake in shares of Monolithic Power Systems by 2.4% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 512 shares of the semiconductor company’s stock worth $471,000 after acquiring an additional 12 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Monolithic Power Systems by 2.5% during the 3rd quarter. UMB Bank n.a. now owns 492 shares of the semiconductor company’s stock worth $453,000 after acquiring an additional 12 shares during the period. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on MPWR shares. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a research note on Friday, May 1st. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Raymond James Financial reiterated an “outperform” rating and set a $1,800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,599.17.

Insiders Place Their Bets

In related news, EVP Deming Xiao sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the completion of the sale, the executive vice president directly owned 205,959 shares in the company, valued at $340,769,463.45. The trade was a 12.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Eileen Wynne sold 335 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,582.68, for a total value of $530,197.80. Following the completion of the sale, the director owned 1,007 shares of the company’s stock, valued at $1,593,758.76. This trade represents a 24.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 87,992 shares of company stock worth $120,484,010 over the last three months. 3.40% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Price Performance

MPWR opened at $1,550.02 on Friday. The business has a fifty day simple moving average of $1,308.82 and a 200 day simple moving average of $1,123.49. The company has a market capitalization of $76.15 billion, a PE ratio of 111.75, a price-to-earnings-growth ratio of 2.77 and a beta of 1.74. Monolithic Power Systems, Inc. has a 1 year low of $643.36 and a 1 year high of $1,675.42.

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

Monolithic Power Systems Company 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.