Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Paragon Advisors LLC

Paragon Advisors LLC lowered its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 39.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,116 shares of the semiconductor company's stock after selling 2,012 shares during the quarter. Paragon Advisors LLC's holdings in Monolithic Power Systems were worth $1,807,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tradewinds Capital Management LLC boosted its holdings 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 worth $26,000 after purchasing an additional 24 shares during the last quarter. OFI Invest Asset Management acquired a new position in Monolithic Power Systems during the fourth quarter worth $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Monolithic Power Systems in the 4th quarter worth $29,000. Itau Unibanco Holding S.A. boosted 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 purchasing an additional 51 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Trading Up 3.6%

Shares of Monolithic Power Systems stock traded up $25.56 on Tuesday, hitting $731.84. The stock had a trading volume of 901,074 shares, compared to its average volume of 797,715. The stock has a market cap of $35.04 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 2.60 and a beta of 1.19. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64. The company's 50 day moving average price is $611.41 and its 200 day moving average price is $616.83.

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

Insider Transactions at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction dated 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 owns 676 shares in the company, valued at $471,848. This trade represents a 12.89% decrease in their ownership of the stock. The sale 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 Monolithic Power Systems 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 sale, the executive vice president now owns 4,015 shares of the company's stock, valued at approximately $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,200 shares of company stock worth $8,546,800. Company insiders own 3.40% of the company's stock.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of recent analyst reports. TD Cowen upped 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. Needham & Company LLC restated a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Rosenblatt Securities reiterated a "neutral" rating and set a $644.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. Stifel Nicolaus cut their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, KeyCorp dropped their price target on shares of Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $786.92.

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.