Redwood Investments LLC lessened its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 15.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,429 shares of the semiconductor company’s stock after selling 21,199 shares during the period. Redwood Investments LLC’s holdings in Monolithic Power Systems were worth $15,639,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in MPWR. Meeder Asset Management Inc. grew its position in Monolithic Power Systems by 81.3% in the fourth quarter. Meeder Asset Management Inc. now owns 310 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 139 shares during the last quarter. CWM LLC grew its position in Monolithic Power Systems by 128.5% in the first quarter. CWM LLC now owns 377 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 212 shares during the last quarter. Cutler Group LP bought a new position in Monolithic Power Systems in the fourth quarter valued at about $58,000. Valeo Financial Advisors LLC grew its position in Monolithic Power Systems by 553.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 516 shares of the semiconductor company’s stock valued at $60,000 after acquiring an additional 437 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in Monolithic Power Systems by 98.2% in the first quarter. Quadrant Capital Group LLC now owns 672 shares of the semiconductor company’s stock valued at $86,000 after acquiring an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 99.20% of the company’s stock.
Shares of MPWR stock traded down $0.64 during mid-day trading on Friday, reaching $128.11. 3,323 shares of the stock traded hands, compared to its average volume of 310,965. Monolithic Power Systems, Inc. has a 1-year low of $101.99 and a 1-year high of $161.22. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 53.22, a PEG ratio of 1.97 and a beta of 1.46.
Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.84 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.84. Monolithic Power Systems had a return on equity of 17.99% and a net margin of 18.43%. The firm had revenue of $141.40 million for the quarter, compared to analyst estimates of $141.11 million. During the same period last year, the firm posted $0.79 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 2.62 EPS for the current year.
A number of research firms have issued reports on MPWR. Zacks Investment Research cut Monolithic Power Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. BidaskClub cut Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 8th. Needham & Company LLC lowered Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, Deutsche Bank lifted their price target on Monolithic Power Systems from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, February 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $148.88.
In related news, Director James C. Moyer sold 15,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $129.18, for a total value of $1,937,700.00. Following the transaction, the director now directly owns 497,260 shares of the company’s stock, valued at $64,236,046.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Deming Xiao sold 13,979 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $138.74, for a total value of $1,939,446.46. Following the completion of the transaction, the insider now directly owns 367,835 shares in the company, valued at $51,033,427.90. The disclosure for this sale can be found here. Insiders have sold 282,530 shares of company stock worth $39,078,638 over the last three months. Insiders own 4.00% of the company’s stock.
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Monolithic Power Systems Profile
Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.
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