National Pension Service Lowers Holdings in Monolithic Power Systems, Inc. $MPWR

National Pension Service decreased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,527 shares of the semiconductor company’s stock after selling 4,487 shares during the quarter. National Pension Service’s holdings in Monolithic Power Systems were worth $67,548,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MPWR. Brighton Jones LLC raised its stake in Monolithic Power Systems by 46.0% during the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after buying an additional 200 shares during the last quarter. Empowered Funds LLC raised its stake in Monolithic Power Systems by 3.1% during the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after buying an additional 161 shares during the last quarter. NewEdge Advisors LLC raised its stake in Monolithic Power Systems by 3.5% during the second quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock valued at $6,863,000 after buying an additional 314 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in Monolithic Power Systems by 35.2% during the second quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock valued at $26,175,000 after buying an additional 9,315 shares during the last quarter. Finally, Globeflex Capital L P purchased a new position in Monolithic Power Systems during the second quarter valued at $347,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Rosenblatt Securities lifted their price objective on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Weiss Ratings cut Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Zacks Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,599.17.

Monolithic Power Systems Price Performance

MPWR stock opened at $1,566.21 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $643.36 and a 1-year high of $1,714.09. The business has a fifty day moving average price of $1,411.52 and a 200-day moving average price of $1,161.77. The stock has a market capitalization of $76.95 billion, a P/E ratio of 112.92, a P/E/G ratio of 2.80 and a beta of 1.74.

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

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 12,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the completion of the sale, the executive vice president owned 166,644 shares in the company, valued at approximately $260,197,941.60. This represents a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deming Xiao sold 30,000 shares of the company’s 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 owned 205,959 shares of the company’s stock, valued at approximately $340,769,463.45. This trade represents a 12.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 113,043 shares of company stock valued at $160,829,940. Insiders own 3.40% of the company’s stock.

Trending Headlines about Monolithic Power Systems

Here are the key news stories impacting Monolithic Power Systems this week:

• Negative Sentiment: EVP Saria Tseng disclosed a sale of 7,565 shares at an average price of $1,700, trimming her position by about 5%. Insiders at Monolithic Power have been actively selling lately, which can signal that management sees less near-term upside. Article Title
• Negative Sentiment: Director Jeff Zhou also sold 486 shares at $1,680, continuing a recent pattern of insider selling at MPWR. Multiple insider sales in a short period often pressure sentiment, even if the amounts are small relative to total holdings. Article Title
• Negative Sentiment: Separate coverage noted that insiders have sold roughly $515 million of Monolithic Power stock, reinforcing concerns that the shares may be getting expensive after a strong run. Article Title
• Negative Sentiment: GuruFocus said MPWR still looks overvalued despite the recent rally, adding to valuation anxiety as the stock trades near its highs. Article Title

About Monolithic Power Systems

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.