Toronto Dominion Bank Reduces Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Toronto Dominion Bank reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,509 shares of the semiconductor company's stock after selling 1,508 shares during the period. Toronto Dominion Bank's holdings in Monolithic Power Systems were worth $9,768,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tradewinds Capital Management LLC lifted its holdings in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after buying an additional 24 shares during the period. OFI Invest Asset Management bought a new position in shares of Monolithic Power Systems in the 4th quarter worth about $27,000. Itau Unibanco Holding S.A. lifted its stake in shares of 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 period. Golden State Wealth Management LLC bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at about $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 and hedge funds.

Insider Buying and Selling

In other Monolithic Power Systems news, 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 transaction, the executive vice president now owns 4,015 shares of the company's stock, valued at $2,814,515. This trade represents a 74.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director now owns 776 shares in the company, valued at $504,400. The trade was a 11.42% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,200 shares of company stock worth $8,546,800. 3.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MPWR has been the topic of several recent analyst reports. Oppenheimer reissued an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, March 21st. Loop Capital boosted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research report on Friday, February 7th. KeyCorp cut their target price on shares of Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, Citigroup increased their price objective on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the stock a "buy" rating 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $779.83.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR traded down $10.02 during midday trading on Monday, hitting $662.18. 508,484 shares of the company's stock were exchanged, compared to its average volume of 794,350. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64. The company has a market cap of $31.71 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. The stock has a 50 day moving average price of $594.20 and a 200-day moving average price of $611.24.

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