Sapient Capital LLC Cuts Stake in Monolithic Power Systems, Inc. $MPWR

Sapient Capital LLC reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,564 shares of the semiconductor company’s stock after selling 467 shares during the period. Sapient Capital LLC owned 0.07% of Monolithic Power Systems worth $32,871,000 as of its most recent SEC filing.

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

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $1,550.02 on Monday. The company has a market cap of $76.15 billion, a P/E ratio of 111.75, a P/E/G ratio of 2.77 and a beta of 1.74. The stock’s 50-day moving average is $1,308.82 and its 200-day moving average is $1,123.62. Monolithic Power Systems, Inc. has a 52-week low of $643.36 and a 52-week high of $1,675.42.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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 company had revenue of $804.19 million for 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 revenue was up 26.1% compared to the same quarter last year. During the same period last year, the business posted $4.04 earnings per share. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 380 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1,583.81, for a total value of $601,847.80. Following the completion of the sale, the executive vice president owned 919 shares in the company, valued at approximately $1,455,521.39. This trade represents a 29.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eugen J. Elmiger sold 12,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $8,561,953.92. The trade was a 68.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 87,992 shares of company stock valued at $120,484,010 in the last quarter. 3.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Zacks Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Stifel Nicolaus raised their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Needham & Company LLC raised their price target on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Wells Fargo & Company raised their price target on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research report 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.

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.