Milestone Asset Management LLC Decreases Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Milestone Asset Management LLC lessened its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 90.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 681 shares of the semiconductor company's stock after selling 6,635 shares during the quarter. Milestone Asset Management LLC's holdings in Monolithic Power Systems were worth $395,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Monolithic Power Systems by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock worth $3,446,223,000 after purchasing an additional 74,046 shares during the period. Price T Rowe Associates Inc. MD boosted 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 valued at $904,297,000 after acquiring an additional 214,395 shares during the period. Geode Capital Management LLC boosted its holdings 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 acquiring an additional 31,295 shares during the period. Invesco Ltd. boosted its holdings 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 acquiring an additional 81,412 shares during the period. Finally, Brown Advisory Inc. boosted its holdings in Monolithic Power Systems by 0.5% during the 4th quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock valued at $583,420,000 after acquiring an additional 5,274 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of recent analyst reports. TD Cowen boosted 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. Oppenheimer reaffirmed an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, March 21st. Rosenblatt Securities reaffirmed a "neutral" rating and set a $644.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Raymond James reiterated an "outperform" rating and issued a $720.00 target price (down from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Finally, Citigroup upped their target price on Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $786.92.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR traded up $8.99 during mid-day trading on Wednesday, hitting $694.75. 534,565 shares of the company's stock traded hands, compared to its average volume of 794,641. The company has a fifty day moving average of $602.66 and a 200 day moving average of $613.32. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The company has a market capitalization of $33.26 billion, a P/E ratio of 18.89, a P/E/G ratio of 2.60 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating 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 company had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. During the same period in the prior year, the company posted $2.81 EPS. The firm's quarterly revenue was up 39.2% compared to the same quarter last year. On average, research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was 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 directly owns 4,015 shares of the company's stock, valued at $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction dated 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 directly owns 776 shares in the company, valued at approximately $504,400. This trade represents a 11.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,200 shares of company stock valued at $8,546,800. Company insiders own 3.40% of the company's stock.

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.