Cresset Asset Management LLC Sells 3,502 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Cresset Asset Management LLC trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 87.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 511 shares of the semiconductor company's stock after selling 3,502 shares during the quarter. Cresset Asset Management LLC's holdings in Monolithic Power Systems were worth $303,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MPWR. Tradewinds Capital Management LLC boosted its holdings in Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 24 shares during the period. OFI Invest Asset Management bought a new position in shares of Monolithic Power Systems during the fourth quarter worth approximately $27,000. Itau Unibanco Holding S.A. raised its position in shares of Monolithic Power Systems by 637.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after buying an additional 51 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $39,000. Finally, AlphaQuest LLC acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $41,000. 93.46% of the stock is owned by institutional investors.

Insider Activity

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction on Monday, May 12th. The shares were sold at an average price of $698.00, for a total value of $69,800.00. Following the completion of the sale, the director now directly owns 676 shares of the company's stock, valued at approximately $471,848. The trade was a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction on Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the completion of the sale, the executive vice president now directly owns 4,015 shares of the company's stock, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,200 shares of company stock valued at $8,546,800. Insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR traded down $2.22 during trading hours on Tuesday, hitting $700.17. 420,922 shares of the stock were exchanged, compared to its average volume of 791,100. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The company has a market cap of $33.52 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. The company's fifty day simple moving average is $588.74 and its two-hundred day simple moving average is $613.88.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MPWR. Loop Capital lifted their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a report on Friday, February 7th. Oppenheimer reaffirmed an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, March 21st. Rosenblatt Securities reiterated a "neutral" rating and set a $644.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. TD Cowen raised their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $779.83.

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.