Jupiter Asset Management Ltd. Sells 4,521 Shares of Monolithic Power Systems, Inc. $MPWR

Jupiter Asset Management Ltd. lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 17.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,975 shares of the semiconductor company’s stock after selling 4,521 shares during the period. Jupiter Asset Management Ltd.’s holdings in Monolithic Power Systems were worth $19,011,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of MPWR. SG Americas Securities LLC boosted its stake in Monolithic Power Systems by 77,483.1% in the fourth quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock valued at $237,676,000 after buying an additional 261,893 shares in the last quarter. First Trust Advisors LP raised its position in shares of Monolithic Power Systems by 66.4% during the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock worth $412,263,000 after acquiring an additional 178,622 shares during the last quarter. Rafferty Asset Management LLC raised its position in shares of Monolithic Power Systems by 36.1% during the second quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock worth $386,991,000 after acquiring an additional 140,269 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Monolithic Power Systems by 2.3% during the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after acquiring an additional 134,087 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Monolithic Power Systems in the third quarter worth approximately $121,658,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $1,566.21 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $643.36 and a 1-year high of $1,714.09. The business has a 50-day moving average of $1,411.52 and a 200 day moving average of $1,161.77. The stock has a market capitalization of $76.95 billion, a PE ratio of 112.92, a P/E/G ratio of 2.92 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. During the same quarter last year, the business posted $4.04 EPS. The business’s revenue was up 26.1% on a year-over-year basis. Analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Analyst Upgrades and Downgrades

MPWR has been the subject of several recent research reports. Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Wells Fargo & Company upped their price target on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a research report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average price target of $1,599.17.

Insiders Place Their Bets

In related news, EVP Deming Xiao sold 30,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the transaction, the executive vice president directly owned 205,959 shares in the company, valued at approximately $340,769,463.45. The trade was a 12.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the completion of the sale, the executive vice president directly owned 166,644 shares of the company’s stock, valued at approximately $260,197,941.60. This trade represents a 6.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 113,043 shares of company stock worth $160,829,940. 3.40% of the stock is owned by corporate insiders.

More Monolithic Power Systems News

Here are the key news stories impacting Monolithic Power Systems this week:

• Negative Sentiment: EVP Saria Tseng disclosed a sale of 7,565 shares at an average price of $1,700, trimming her position by about 5%. Insiders at Monolithic Power have been actively selling lately, which can signal that management sees less near-term upside. Article Title
• Negative Sentiment: Director Jeff Zhou also sold 486 shares at $1,680, continuing a recent pattern of insider selling at MPWR. Multiple insider sales in a short period often pressure sentiment, even if the amounts are small relative to total holdings. Article Title
• Negative Sentiment: Separate coverage noted that insiders have sold roughly $515 million of Monolithic Power stock, reinforcing concerns that the shares may be getting expensive after a strong run. Article Title
• Negative Sentiment: GuruFocus said MPWR still looks overvalued despite the recent rally, adding to valuation anxiety as the stock trades near its highs. Article Title

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.