Redhawk Wealth Advisors Inc. Reduces Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Redhawk Wealth Advisors Inc. trimmed its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 12.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,119 shares of the semiconductor company's stock after selling 428 shares during the quarter. Redhawk Wealth Advisors Inc.'s holdings in Monolithic Power Systems were worth $1,809,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Tradewinds Capital Management LLC raised its position in Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Monolithic Power Systems during the fourth quarter worth approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Monolithic Power Systems in the 4th quarter worth approximately $29,000. Itau Unibanco Holding S.A. boosted 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 in the last quarter. Finally, Golden State Wealth Management LLC bought a new position in shares of Monolithic Power Systems during the 4th quarter valued at $39,000. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on MPWR. Needham & Company LLC reissued a "buy" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. TD Cowen increased their target price on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a report on Friday, May 2nd. KeyCorp dropped their price objective on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Raymond James restated an "outperform" rating and issued a $720.00 price objective (down previously from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Finally, Wells Fargo & Company dropped their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a report on Friday, March 21st. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Monolithic Power Systems presently has an average rating of "Moderate Buy" and a consensus target price of $786.92.

Monolithic Power Systems Stock Up 0.7%

Shares of NASDAQ:MPWR traded up $4.84 during trading on Thursday, hitting $725.67. The stock had a trading volume of 108,768 shares, compared to its average volume of 892,398. The company has a market capitalization of $34.75 billion, a PE ratio of 19.74, a PEG ratio of 2.60 and a beta of 1.19. The firm's fifty day moving average is $620.94 and its 200 day moving average is $618.34. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64.

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

Insider Transactions at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction that occurred on 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 directly owns 676 shares in the company, valued at $471,848. The trade was a 12.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Maurice Sciammas sold 12,000 shares of the 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 in the company, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,200 shares of company stock valued at $8,546,800 in the last quarter. 3.40% of the stock is owned by insiders.

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.