Gotham Asset Management LLC Reduces Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Gotham Asset Management LLC decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 16.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,382 shares of the semiconductor company's stock after selling 3,122 shares during the period. Gotham Asset Management LLC's holdings in Monolithic Power Systems were worth $9,102,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Paragon Advisors LLC increased its stake in Monolithic Power Systems by 140.6% in the fourth quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company's stock valued at $3,034,000 after purchasing an additional 2,997 shares in the last quarter. Perpetual Ltd increased its stake in Monolithic Power Systems by 1,042.4% in the fourth quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company's stock valued at $1,737,000 after purchasing an additional 2,679 shares in the last quarter. ICICI Prudential Asset Management Co Ltd bought a new stake in Monolithic Power Systems in the fourth quarter valued at $3,182,000. Vantage Investment Partners LLC increased its stake in Monolithic Power Systems by 4.5% in the fourth quarter. Vantage Investment Partners LLC now owns 34,722 shares of the semiconductor company's stock valued at $20,545,000 after purchasing an additional 1,505 shares in the last quarter. Finally, Boston Family Office LLC increased its stake in Monolithic Power Systems by 1,031.6% in the fourth quarter. Boston Family Office LLC now owns 2,614 shares of the semiconductor company's stock valued at $1,547,000 after purchasing an additional 2,383 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MPWR shares. Loop Capital boosted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Rosenblatt Securities reissued a "neutral" rating and set a $644.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. TD Cowen boosted their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Citigroup boosted 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 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.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $779.83.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the firm'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 sale, the executive vice president now owns 4,015 shares of the company's stock, valued at $2,814,515. This trade represents a 74.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following the completion of the sale, the director now directly owns 776 shares in the company, valued at approximately $504,400. This trade represents a 11.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,200 shares of company stock valued at $8,546,800 in the last quarter. Insiders own 3.70% of the company's stock.

Monolithic Power Systems Trading Up 0.7%

Shares of MPWR stock traded up $5.08 during trading on Friday, reaching $715.40. 361,984 shares of the company's stock traded hands, compared to its average volume of 789,998. The company has a market capitalization of $34.25 billion, a P/E ratio of 19.46, a PEG ratio of 2.60 and a beta of 1.18. The firm's 50-day moving average is $583.45 and its 200 day moving average is $618.88. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64.

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 analysts' consensus estimates 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 company had revenue of $637.55 million for the quarter, compared to analysts' expectations of $633.43 million. During the same period in the prior year, the company posted $2.81 EPS. Monolithic Power Systems's revenue was up 39.2% compared to the same quarter last year. As a group, sell-side 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.