Polar Capital Holdings Plc Sells 204,829 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Polar Capital Holdings Plc lessened its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 99.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,000 shares of the semiconductor company's stock after selling 204,829 shares during the period. Polar Capital Holdings Plc's holdings in Monolithic Power Systems were worth $592,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MPWR. Tradewinds Capital Management LLC lifted its position in shares of Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 24 shares during the period. OFI Invest Asset Management purchased a new position in Monolithic Power Systems during the 4th quarter valued at about $27,000. Itau Unibanco Holding S.A. lifted its position in Monolithic Power Systems by 637.5% during the 4th 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 position in Monolithic Power Systems during the 4th quarter valued at about $39,000. Finally, AlphaQuest LLC purchased a new position in Monolithic Power Systems during the 4th quarter valued at about $41,000. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR traded down $2.22 during trading on Tuesday, hitting $700.17. The company had a trading volume of 420,922 shares, compared to its average volume of 792,587. 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, Inc. has a one year low of $438.86 and a one year high of $959.64. The company has a fifty day simple moving average of $591.32 and a two-hundred day simple moving average 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 (EPS) for the quarter, beating the consensus estimate of $4.00 by $0.04. The business 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%. The company's revenue for the quarter was up 39.2% on a year-over-year basis. During the same period last year, the company earned $2.81 EPS. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Analyst Ratings Changes

MPWR has been the subject of a number of recent research reports. Stifel Nicolaus lowered 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 report on Thursday, April 17th. Citigroup boosted their target price on Monolithic Power Systems from $615.00 to $700.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Wells Fargo & Company reduced their price target on 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. Raymond James reiterated an "outperform" rating and issued a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $779.83.

Insider Activity

In related news, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction that occurred 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 sale, the director now directly owns 676 shares of the company's stock, valued at $471,848. This represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,200 shares of company stock valued at $8,546,800 in the last ninety days. 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.