Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 57.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 469 shares of the semiconductor company's stock after selling 645 shares during the period. CoreCap Advisors LLC's holdings in Monolithic Power Systems were worth $277,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Tradewinds Capital Management LLC lifted its stake in 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 buying an additional 24 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Monolithic Power Systems in the 4th quarter valued at approximately $27,000. Itau Unibanco Holding S.A. lifted its stake 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 in the last quarter. Golden State Wealth Management LLC purchased a new stake in Monolithic Power Systems in the 4th quarter valued at approximately $39,000. Finally, AlphaQuest LLC purchased a new stake in Monolithic Power Systems in the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Trading Down 0.3%

Shares of MPWR opened at $638.21 on Monday. The firm has a market capitalization of $30.56 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. The stock's fifty day simple moving average is $572.75 and its 200 day simple moving average is $619.85. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, topping 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%. The business's quarterly revenue was up 39.2% on a year-over-year basis. During the same period last year, the company posted $2.81 EPS. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Analyst Ratings Changes

MPWR has been the topic of a number of recent research reports. 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 research note on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Citigroup upped their target price on Monolithic Power Systems from $615.00 to $700.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Loop Capital upped their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, KeyCorp reduced their price target 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. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and an average target price of $779.83.

Insider Buying and Selling

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the 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 transaction, the director now directly owns 776 shares of the company's stock, valued at approximately $504,400. This trade represents a 11.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.70% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.