Monolithic Power Systems, Inc. $MPWR Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,115 shares of the semiconductor company’s stock after selling 1,658 shares during the period. Handelsbanken Fonder AB’s holdings in Monolithic Power Systems were worth $31,827,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MPWR. Brighton Jones LLC raised its position in shares of Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 200 shares in the last quarter. Empowered Funds LLC raised its position in shares of Monolithic Power Systems by 3.1% during the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after acquiring an additional 161 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Monolithic Power Systems by 3.5% during the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock worth $6,863,000 after acquiring an additional 314 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Monolithic Power Systems by 35.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock valued at $26,175,000 after buying an additional 9,315 shares during the period. Finally, Globeflex Capital L P acquired a new stake in shares of Monolithic Power Systems in the 2nd quarter valued at approximately $347,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Wells Fargo & Company raised their price target on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a report on Friday, May 1st. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, Zacks Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,599.17.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Eileen Wynne sold 335 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,582.68, for a total transaction of $530,197.80. Following the sale, the director directly owned 1,007 shares in the company, valued at approximately $1,593,758.76. The trade was a 24.96% 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 Jeff Zhou sold 500 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,650.00, for a total value of $825,000.00. Following the sale, the director owned 4,286 shares in the company, valued at approximately $7,071,900. The trade was a 10.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 99,992 shares of company stock valued at $139,220,810 in the last 90 days. 3.40% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Performance

MPWR opened at $1,468.11 on Wednesday. The business’s fifty day moving average is $1,325.88 and its two-hundred day moving average is $1,129.07. The company has a market cap of $72.13 billion, a price-to-earnings ratio of 105.85, a PEG ratio of 2.66 and a beta of 1.74. Monolithic Power Systems, Inc. has a one year low of $643.36 and a one year high of $1,675.42.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The company had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.Monolithic Power Systems’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.04 earnings per share. On average, analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

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.