Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Position Decreased by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC lowered its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 77.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,942 shares of the semiconductor company's stock after selling 6,691 shares during the period. Snowden Capital Advisors LLC's holdings in Monolithic Power Systems were worth $1,152,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC increased its holdings in shares of Monolithic Power Systems by 5.0% during the 3rd quarter. Barclays PLC now owns 322,115 shares of the semiconductor company's stock worth $297,799,000 after buying an additional 15,350 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Monolithic Power Systems by 5.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 2,785 shares of the semiconductor company's stock worth $1,648,000 after acquiring an additional 135 shares during the last quarter. Gateway Investment Advisers LLC raised its holdings in shares of Monolithic Power Systems by 46.2% in the 4th quarter. Gateway Investment Advisers LLC now owns 993 shares of the semiconductor company's stock worth $588,000 after purchasing an additional 314 shares during the period. Procyon Advisors LLC raised its holdings in shares of Monolithic Power Systems by 38.8% in the 4th quarter. Procyon Advisors LLC now owns 444 shares of the semiconductor company's stock worth $263,000 after purchasing an additional 124 shares during the period. Finally, Polianta Ltd acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at about $1,301,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction dated 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 approximately $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $471,848. This represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,200 shares of company stock worth $8,546,800 in the last ninety days. 3.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on MPWR shares. Stifel Nicolaus dropped their target price on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company dropped their price objective on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Needham & Company LLC reissued a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Oppenheimer reaffirmed an "outperform" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, March 21st. Finally, Raymond James reissued an "outperform" rating and issued a $720.00 price objective (down from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $779.83.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR traded down $6.42 during midday trading on Thursday, reaching $672.20. 461,319 shares of the company's stock were exchanged, compared to its average volume of 791,923. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64. The business's fifty day moving average price is $592.77 and its two-hundred day moving average price is $614.92. The stock has a market capitalization of $32.18 billion, a PE ratio of 18.28, a price-to-earnings-growth 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 analysts' consensus estimates of $4.00 by $0.04. The company 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 period in the prior year, the company posted $2.81 EPS. Analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share 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.