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

Nuveen Asset Management LLC reduced its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 199,165 shares of the semiconductor company's stock after selling 5,281 shares during the quarter. Nuveen Asset Management LLC owned about 0.41% of Monolithic Power Systems worth $117,846,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC grew 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 valued at $297,799,000 after purchasing an additional 15,350 shares during the last quarter. Park Avenue Securities LLC increased its holdings in Monolithic Power Systems by 19.3% in the fourth quarter. Park Avenue Securities LLC now owns 3,690 shares of the semiconductor company's stock worth $2,183,000 after purchasing an additional 598 shares in the last quarter. Burney Co. lifted its position in shares of Monolithic Power Systems by 163.8% during the 4th quarter. Burney Co. now owns 926 shares of the semiconductor company's stock valued at $548,000 after acquiring an additional 575 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in shares of Monolithic Power Systems by 5.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 2,785 shares of the semiconductor company's stock valued at $1,648,000 after acquiring an additional 135 shares during the period. Finally, Gateway Investment Advisers LLC increased its stake in Monolithic Power Systems by 46.2% during the 4th quarter. Gateway Investment Advisers LLC now owns 993 shares of the semiconductor company's stock valued at $588,000 after purchasing an additional 314 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MPWR. Stifel Nicolaus decreased their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Rosenblatt Securities restated a "neutral" rating and set a $644.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Citigroup upped 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 note on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, TD Cowen increased their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $779.83.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock traded down $2.22 during mid-day trading on Tuesday, hitting $700.17. 420,922 shares of the company traded hands, compared to its average volume of 791,101. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The stock has a market cap of $33.52 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. The stock has a fifty day moving average price of $591.32 and a 200-day moving average price of $614.47.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $637.55 million for the quarter, compared to analysts' expectations of $633.43 million. During the same quarter last year, the company posted $2.81 EPS. The business's quarterly revenue was up 39.2% on a year-over-year basis. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction dated 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 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 completion of 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,200 shares of company stock worth $8,546,800. Insiders own 3.40% of the company's stock.

Monolithic Power Systems Company 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.