Redwood Investments LLC Decreases Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Redwood Investments LLC reduced its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 75.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 778 shares of the semiconductor company's stock after selling 2,366 shares during the period. Redwood Investments LLC's holdings in Monolithic Power Systems were worth $460,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MPWR. Tradewinds Capital Management LLC raised its stake in shares of Monolithic Power Systems by 120.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock worth $26,000 after buying an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth about $27,000. Itau Unibanco Holding S.A. raised its holdings in Monolithic Power Systems by 637.5% in 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 last quarter. Golden State Wealth Management LLC purchased a new position in Monolithic Power Systems during the fourth quarter worth about $39,000. Finally, AlphaQuest LLC purchased a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $41,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

MPWR opened at $734.28 on Thursday. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The company has a market cap of $35.16 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. The firm has a 50 day simple moving average of $580.88 and a 200 day simple moving average of $620.13.

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 (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $633.43 million. During the same period in the previous year, the firm earned $2.81 EPS. Monolithic Power Systems's quarterly revenue was up 39.2% compared to the same quarter last year. As a group, analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Oppenheimer reaffirmed an "outperform" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, March 21st. 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 report on Thursday, April 17th. Loop Capital increased their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Wells Fargo & Company decreased their price target 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. Finally, Raymond James restated an "outperform" rating and set a $720.00 price objective (down from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Two 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 company presently has a consensus rating of "Moderate Buy" and a consensus target price of $779.83.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 4,015 shares in the company, valued at approximately $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $698.00, for a total value of $69,800.00. Following the completion of the sale, the director now owns 676 shares of the company's stock, valued at $471,848. The trade was a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,200 shares of company stock worth $8,546,800. Company insiders own 3.70% of the company's stock.

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.

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