Nicholas Investment Partners LP Has $7.39 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Nicholas Investment Partners LP decreased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 27.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,486 shares of the semiconductor company's stock after selling 4,726 shares during the period. Nicholas Investment Partners LP's holdings in Monolithic Power Systems were worth $7,388,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC grew its position 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 period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Monolithic Power Systems by 10.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,509 shares of the semiconductor company's stock valued at $2,076,000 after acquiring an additional 329 shares in the last quarter. Czech National Bank lifted its position in Monolithic Power Systems by 6.6% during the fourth quarter. Czech National Bank now owns 10,583 shares of the semiconductor company's stock worth $6,262,000 after purchasing an additional 652 shares during the period. Moody National Bank Trust Division bought a new stake in Monolithic Power Systems during the fourth quarter worth about $1,089,000. Finally, Board of the Pension Protection Fund bought a new position in shares of Monolithic Power Systems in the fourth quarter worth about $237,000. 93.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on MPWR shares. Citigroup increased their target price on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Wells Fargo & Company decreased 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 report on Friday, March 21st. Rosenblatt Securities reaffirmed a "neutral" rating and set a $644.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 2nd. Finally, Oppenheimer restated an "outperform" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $779.83.

Monolithic Power Systems Stock Performance

NASDAQ MPWR traded down $18.30 during trading hours on Monday, hitting $697.10. 157,567 shares of the company's stock were exchanged, compared to its average volume of 791,204. The business's 50 day moving average is $586.35 and its 200-day moving average is $614.27. The firm has a market capitalization of $33.38 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. The firm had revenue of $637.55 million during 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 last year, the firm earned $2.81 EPS. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Insider Activity

In related news, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $650.00, for a total value of $65,000.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 12,200 shares of company stock valued at $8,546,800. Insiders own 3.40% 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.