Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by American Trust

American Trust lessened its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 758 shares of the semiconductor company’s stock after selling 23 shares during the quarter. American Trust’s holdings in Monolithic Power Systems were worth $379,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management purchased a new stake in Monolithic Power Systems during the 4th quarter worth $150,000. Prime Capital Investment Advisors LLC bought a new stake in shares of Monolithic Power Systems in the 1st quarter worth about $223,000. Equitable Trust Co. bought a new stake in shares of Monolithic Power Systems in the 1st quarter worth about $220,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Monolithic Power Systems by 11.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,706 shares of the semiconductor company’s stock worth $29,385,000 after purchasing an additional 6,092 shares during the last quarter. Finally, Amalgamated Bank increased its position in shares of Monolithic Power Systems by 1.5% in the 1st quarter. Amalgamated Bank now owns 12,462 shares of the semiconductor company’s stock worth $6,238,000 after purchasing an additional 186 shares during the last quarter. Institutional investors and hedge funds own 96.52% of the company’s stock.

Analyst Ratings Changes

MPWR has been the subject of several research analyst reports. KeyCorp boosted their target price on shares of Monolithic Power Systems from $510.00 to $600.00 in a research report on Tuesday, July 11th. Oppenheimer lifted their price target on shares of Monolithic Power Systems from $475.00 to $565.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Truist Financial lifted their price target on shares of Monolithic Power Systems from $527.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, August 1st. Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $540.00 to $600.00 and gave the company a “buy” rating in a report on Thursday, July 20th. Finally, StockNews.com started coverage on shares of Monolithic Power Systems in a research note on Thursday, August 17th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $553.46.

Monolithic Power Systems Trading Down 3.1 %

MPWR stock opened at $464.23 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $301.69 and a 52 week high of $595.98. The company has a market capitalization of $22.19 billion, a price-to-earnings ratio of 49.81, a price-to-earnings-growth ratio of 2.84 and a beta of 1.13. The firm’s 50-day moving average is $522.79 and its two-hundred day moving average is $496.86.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Monday, July 31st. The semiconductor company reported $2.05 EPS for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.11). Monolithic Power Systems had a return on equity of 26.80% and a net margin of 24.50%. The company had revenue of $441.13 million for the quarter, compared to the consensus estimate of $440.46 million. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 9.13 earnings per share for the current year.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 905 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $537.79, for a total transaction of $486,699.95. Following the sale, the chief financial officer now directly owns 131,496 shares in the company, valued at approximately $70,717,233.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Monolithic Power Systems news, CFO Theodore Blegen sold 905 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $537.79, for a total transaction of $486,699.95. Following the sale, the chief financial officer now directly owns 131,496 shares in the company, valued at approximately $70,717,233.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kuo Wei Herbert Chang sold 500 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $500.00, for a total transaction of $250,000.00. Following the sale, the director now directly owns 1,793 shares of the company’s stock, valued at $896,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,637 shares of company stock worth $44,126,502. 3.20% of the stock is owned by corporate insiders.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.