Nuveen Asset Management LLC Sells 5,281 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Nuveen Asset Management LLC cut its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 199,165 shares of the semiconductor company's stock after selling 5,281 shares during the period. Nuveen Asset Management LLC owned 0.41% of Monolithic Power Systems worth $117,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of MPWR. Tradewinds Capital Management LLC raised its holdings in Monolithic Power Systems by 120.0% during 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 during the period. OFI Invest Asset Management bought a new position in Monolithic Power Systems during the fourth quarter valued at $27,000. Itau Unibanco Holding S.A. raised its stake in shares of Monolithic Power Systems by 637.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 51 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at $39,000. Finally, AlphaQuest LLC bought a new stake in shares of Monolithic Power Systems in the 4th quarter worth about $41,000. 93.46% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction on Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the transaction, the director now directly owns 676 shares in the company, valued at approximately $471,848. This trade represents a 12.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction on 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,200 shares of company stock worth $8,546,800. Corporate insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Performance

NASDAQ MPWR traded up $2.21 on Thursday, reaching $680.83. 91,611 shares of the stock traded hands, compared to its average volume of 790,482. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64. The company has a market cap of $32.60 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 2.60 and a beta of 1.18. The company has a fifty day moving average price of $592.77 and a 200-day moving average price of $614.92.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, topping analysts' consensus estimates of $4.00 by $0.04. The company had revenue of $637.55 million during the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The firm's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.81 earnings per share. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MPWR has been the topic of several analyst reports. Stifel Nicolaus cut their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Loop Capital boosted their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Citigroup increased their price target on Monolithic Power Systems from $615.00 to $700.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. TD Cowen raised their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Raymond James reaffirmed an "outperform" rating and issued a $720.00 price objective (down previously from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, Monolithic Power Systems has a consensus rating of "Moderate Buy" and an average price target of $779.83.

About Monolithic Power Systems

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.