Handelsbanken Fonder AB Has $16.86 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Handelsbanken Fonder AB lowered its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 3.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,064 shares of the semiconductor company's stock after selling 1,165 shares during the quarter. Handelsbanken Fonder AB owned 0.06% of Monolithic Power Systems worth $16,857,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC raised 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 acquiring an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new position in Monolithic Power Systems in the 4th quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in Monolithic Power Systems in the 4th quarter valued at approximately $29,000. Itau Unibanco Holding S.A. raised its holdings in Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 51 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in Monolithic Power Systems in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

MPWR has been the topic of several analyst reports. 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 on the stock in a report on Friday, March 21st. Oppenheimer reissued an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. Raymond James reaffirmed an "outperform" rating and set a $720.00 price objective (down from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 2nd. Finally, KeyCorp decreased their price objective on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $786.92.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 4,015 shares in the company, valued at approximately $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total value of $65,000.00. Following the sale, the director now owns 776 shares of the company's stock, valued at approximately $504,400. The trade was a 11.42% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,200 shares of company stock worth $8,546,800. Insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR traded down $2.26 during mid-day trading on Thursday, hitting $718.57. 322,761 shares of the stock were exchanged, compared to its average volume of 798,876. The company has a market cap of $34.41 billion, a P/E ratio of 19.54, a PEG ratio of 2.60 and a beta of 1.19. The stock's fifty day simple moving average is $625.54 and its two-hundred day simple moving average is $619.16. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $637.55 million during the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The company's revenue was up 39.2% on a year-over-year basis. During the same quarter last year, the business posted $2.81 earnings per share. As a group, equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

About Monolithic Power Systems

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.