Monolithic Power Systems, Inc. (NASDAQ:MPWR) Holdings Decreased by Circle Wealth Management LLC

Circle Wealth Management LLC lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 65.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 497 shares of the semiconductor company's stock after selling 949 shares during the quarter. Circle Wealth Management LLC's holdings in Monolithic Power Systems were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPWR. Vanguard Group Inc. boosted its stake in Monolithic Power Systems by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock worth $3,446,223,000 after buying an additional 74,046 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Monolithic Power Systems by 16.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock worth $904,297,000 after buying an additional 214,395 shares during the last quarter. Geode Capital Management LLC boosted its stake in Monolithic Power Systems by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock worth $807,158,000 after buying an additional 31,295 shares during the last quarter. Invesco Ltd. boosted its stake in Monolithic Power Systems by 7.5% in the 4th quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock worth $687,841,000 after buying an additional 81,412 shares during the last quarter. Finally, Brown Advisory Inc. boosted its stake in Monolithic Power Systems by 0.5% in the 4th quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock worth $583,420,000 after buying an additional 5,274 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock traded down $1.72 during midday trading on Friday, hitting $638.21. 639,247 shares of the company were exchanged, compared to its average volume of 783,924. The company's fifty day moving average price is $572.75 and its 200-day moving average price is $621.79. The company has a market cap of $30.56 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping the consensus estimate of $4.00 by $0.04. The firm had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Monolithic Power Systems's revenue for the quarter was up 39.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.81 EPS. On average, analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Stifel Nicolaus decreased their price target on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Needham & Company LLC reissued a "buy" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Rosenblatt Securities reissued a "neutral" rating and issued a $644.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Citigroup raised their price target on Monolithic Power Systems from $615.00 to $700.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Raymond James reaffirmed an "outperform" rating and issued a $720.00 price objective (down from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $779.83.

Insiders Place Their Bets

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 776 shares of the company's stock, valued at $504,400. The trade was a 11.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems 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.