Cim LLC Reduces Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Cim LLC lessened its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 44.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,790 shares of the semiconductor company's stock after selling 1,446 shares during the quarter. Cim LLC's holdings in Monolithic Power Systems were worth $1,059,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Monolithic Power Systems by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock valued at $3,446,223,000 after acquiring an additional 74,046 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Monolithic Power Systems by 16.3% during 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 purchasing an additional 214,395 shares during the period. Geode Capital Management LLC raised its position in Monolithic Power Systems by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock valued at $807,158,000 after purchasing an additional 31,295 shares in the last quarter. Invesco Ltd. raised its position in Monolithic Power Systems by 7.5% during the 4th quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock valued at $687,841,000 after purchasing an additional 81,412 shares in the last quarter. Finally, Brown Advisory Inc. lifted its holdings in shares of 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 period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Wall Street Analyst Weigh In

MPWR has been the subject of several recent research reports. TD Cowen lifted their price objective on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Citigroup boosted their price target on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Wells Fargo & Company lowered their price target on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Oppenheimer reissued an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, March 21st. Finally, Loop Capital boosted their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $779.83.

Insider Buying and Selling

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the completion of the transaction, the director now owns 676 shares in the company, valued at $471,848. This trade represents a 12.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the sale, the executive vice president now owns 4,015 shares in the company, valued at approximately $2,814,515. The trade was a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,200 shares of company stock worth $8,546,800 in the last three months. Corporate insiders own 3.40% of the company's stock.

Monolithic Power Systems Trading Down 3.7%

Shares of MPWR traded down $25.18 during midday trading on Friday, hitting $655.54. 950,282 shares of the company's stock traded hands, compared to its average volume of 794,919. The stock has a market capitalization of $31.39 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The firm's fifty day moving average is $599.16 and its 200-day moving average is $611.76.

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

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.