Hennion & Walsh Asset Management Inc. Sells 465 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Hennion & Walsh Asset Management Inc. decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 16.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,320 shares of the semiconductor company's stock after selling 465 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Monolithic Power Systems were worth $1,346,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MPWR. Tradewinds Capital Management LLC boosted its position in shares of Monolithic Power Systems by 120.0% during 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 during the last quarter. OFI Invest Asset Management purchased a new position in shares of Monolithic Power Systems during the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter valued at about $29,000. Itau Unibanco Holding S.A. raised its holdings in shares of Monolithic Power Systems by 637.5% during the 4th 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. Finally, Golden State Wealth Management LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter valued at about $39,000. Institutional investors own 93.46% of the company's stock.

Insider Buying and Selling at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction that occurred 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 sale, the director now directly owns 676 shares of the company's stock, valued at $471,848. This trade represents a 12.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was 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 directly owns 4,015 shares of the company's stock, valued at $2,814,515. This 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 have sold 12,200 shares of company stock valued at $8,546,800. 3.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of research reports. Loop Capital raised 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. Needham & Company LLC reissued a "buy" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 2nd. 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. Citigroup lifted their price target on Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and issued a $644.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Monolithic Power Systems currently has an average rating of "Moderate Buy" and a consensus price target of $786.92.

Monolithic Power Systems Stock Up 0.9%

NASDAQ MPWR opened at $687.08 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The firm has a market capitalization of $32.90 billion, a PE ratio of 18.69, a P/E/G ratio of 2.60 and a beta of 1.18. The stock's 50 day moving average is $609.10 and its 200 day moving average is $615.23.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its 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. 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 for the quarter, compared to the consensus estimate of $633.43 million. During the same period in the previous year, the company posted $2.81 earnings per share. The company's revenue for the quarter was up 39.2% compared to the same quarter last year. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Company 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.

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