Tidal Investments LLC Has $2.52 Million Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Tidal Investments LLC decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 29.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,251 shares of the semiconductor company's stock after selling 1,791 shares during the period. Tidal Investments LLC's holdings in Monolithic Power Systems were worth $2,515,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Avantax Advisory Services Inc. raised its stake in Monolithic Power Systems by 0.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock valued at $1,893,000 after acquiring an additional 14 shares during the period. WP Advisors LLC increased its holdings in shares of Monolithic Power Systems by 3.2% in the fourth quarter. WP Advisors LLC now owns 522 shares of the semiconductor company's stock valued at $309,000 after purchasing an additional 16 shares during the last quarter. Allworth Financial LP raised its position in shares of Monolithic Power Systems by 11.5% in the fourth quarter. Allworth Financial LP now owns 155 shares of the semiconductor company's stock valued at $92,000 after purchasing an additional 16 shares during the period. Keybank National Association OH lifted its stake in shares of Monolithic Power Systems by 1.2% during the 4th quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company's stock worth $1,079,000 after buying an additional 22 shares during the last quarter. Finally, Truvestments Capital LLC boosted its holdings in shares of Monolithic Power Systems by 5.0% during the 4th quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company's stock worth $273,000 after buying an additional 22 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of research reports. Oppenheimer reiterated an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, March 21st. Wells Fargo & Company decreased their target price on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research report on Friday, March 21st. 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 research note on Friday, May 2nd. TD Cowen boosted their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and issued a $644.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $779.83.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $672.20 on Friday. The business has a fifty day moving average price of $593.40 and a two-hundred day moving average price of $614.27. The stock has a market capitalization of $32.18 billion, a PE ratio of 18.28, a P/E/G ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. The business had revenue of $637.55 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.81 earnings per share. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the transaction, the executive vice president now owns 4,015 shares in the company, valued at $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the business'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 transaction, the director now directly owns 776 shares of the company's stock, valued at approximately $504,400. The trade was a 11.42% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,200 shares of company stock worth $8,546,800. 3.40% of the stock is currently owned by corporate insiders.

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.

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