Royal Bank of Canada Sells 32,177 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Royal Bank of Canada trimmed its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 12.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 232,356 shares of the semiconductor company's stock after selling 32,177 shares during the period. Royal Bank of Canada owned 0.48% of Monolithic Power Systems worth $137,485,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Tradewinds Capital Management LLC raised its stake in shares of Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Monolithic Power Systems in the 4th quarter valued at approximately $27,000. Itau Unibanco Holding S.A. grew 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 buying an additional 51 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Monolithic Power Systems in the 4th quarter valued at approximately $39,000. Finally, AlphaQuest LLC acquired a new stake in Monolithic Power Systems in the 4th quarter valued at approximately $41,000. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR traded down $10.02 during trading on Friday, hitting $662.18. 508,484 shares of the stock were exchanged, compared to its average volume of 794,350. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The company has a market capitalization of $31.71 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. The company's fifty day simple moving average is $594.20 and its 200-day simple moving average is $612.38.

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

Insider Activity at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction 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 sale, the director now owns 776 shares of the company's stock, valued at $504,400. The trade was a 11.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the completion of the sale, the executive vice president now directly owns 4,015 shares in the company, valued at approximately $2,814,515. This represents a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,200 shares of company stock valued at $8,546,800 in the last 90 days. 3.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Citigroup raised their target price on Monolithic Power Systems from $615.00 to $700.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Stifel Nicolaus lowered their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Raymond James reaffirmed an "outperform" rating and issued a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Loop Capital raised their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, KeyCorp lowered their target price on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $779.83.

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.