Toronto Dominion Bank Decreases Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Toronto Dominion Bank reduced its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 8.4% in the fourth quarter, according to 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 quarter. Toronto Dominion Bank's holdings in Monolithic Power Systems were worth $9,768,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ICICI Prudential Asset Management Co Ltd bought a new position in Monolithic Power Systems in the 4th quarter worth $3,182,000. Boston Family Office LLC boosted its holdings in shares of Monolithic Power Systems by 1,031.6% during the 4th quarter. Boston Family Office LLC now owns 2,614 shares of the semiconductor company's stock valued at $1,547,000 after acquiring an additional 2,383 shares during the last quarter. GDS Wealth Management boosted its holdings in shares of Monolithic Power Systems by 1,527.1% in the fourth quarter. GDS Wealth Management now owns 8,168 shares of the semiconductor company's stock worth $4,833,000 after buying an additional 7,666 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Monolithic Power Systems in the fourth quarter worth approximately $454,000. Finally, Trilogy Capital Inc. boosted its holdings in shares of Monolithic Power Systems by 100.0% in the fourth quarter. Trilogy Capital Inc. now owns 3,528 shares of the semiconductor company's stock worth $2,088,000 after buying an additional 1,764 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock traded up $6.76 during trading hours on Monday, reaching $668.66. The stock had a trading volume of 422,749 shares, compared to its average volume of 794,975. The company has a market cap of $32.02 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 2.60 and a beta of 1.18. The business's 50 day moving average price is $600.98 and its 200-day moving average price is $612.82. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week 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 (EPS) for the quarter, beating the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The firm had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. During the same quarter in the prior 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, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Citigroup raised their target price on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. TD Cowen raised their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Loop Capital lifted their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Needham & Company LLC reissued a "buy" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, Oppenheimer reissued an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $779.83.

Insider Activity

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the company'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 sale, the director now owns 676 shares in the company, valued at approximately $471,848. This represents a 12.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction on 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 transaction, the executive vice president now 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. Insiders have sold a total of 12,200 shares of company stock worth $8,546,800 over the last 90 days. 3.40% of the stock is currently owned by corporate insiders.

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.