Pathstone Holdings LLC Sells 795 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Pathstone Holdings LLC decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,690 shares of the semiconductor company's stock after selling 795 shares during the quarter. Pathstone Holdings LLC's holdings in Monolithic Power Systems were worth $8,102,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC lifted its stake in Monolithic Power Systems by 5.0% during the third quarter. Barclays PLC now owns 322,115 shares of the semiconductor company's stock worth $297,799,000 after purchasing an additional 15,350 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Monolithic Power Systems by 19.3% during the 4th 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 during the last quarter. Burney Co. boosted its holdings in Monolithic Power Systems by 163.8% in the 4th quarter. Burney Co. now owns 926 shares of the semiconductor company's stock worth $548,000 after buying an additional 575 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Monolithic Power Systems by 5.1% in 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 purchasing an additional 135 shares during the period. Finally, Gateway Investment Advisers LLC raised its position in shares of 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 buying an additional 314 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MPWR shares. Rosenblatt Securities reissued a "neutral" rating and set a $644.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Loop Capital increased their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Citigroup boosted their price target 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. 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 report on Friday, May 2nd. Finally, Stifel Nicolaus lowered their target price on 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. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $779.83.

Monolithic Power Systems Price Performance

MPWR traded down $2.22 on Tuesday, hitting $700.17. The company had a trading volume of 420,922 shares, compared to its average volume of 792,587. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The company's fifty day moving average price is $591.32 and its 200 day moving average price is $614.47. 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.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results 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. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The business had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. During the same period last year, the business earned $2.81 earnings per share. The firm's revenue for the quarter was up 39.2% compared to the same quarter last year. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the transaction, the executive vice president now directly owns 4,015 shares in the company, valued at approximately $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction on Thursday, May 8th. The shares were 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 in the company, valued at $504,400. This represents a 11.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,200 shares of company stock worth $8,546,800 over the last ninety days. 3.40% of the stock is currently owned by corporate insiders.

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.