Dorsey & Whitney Trust CO LLC Has $270,000 Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Dorsey & Whitney Trust CO LLC lessened its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.5% in the second quarter, HoldingsChannel.com reports. The firm owned 328 shares of the semiconductor company’s stock after selling 19 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Monolithic Power Systems were worth $270,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MPWR. Norges Bank bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at about $362,477,000. BNP Paribas Financial Markets lifted its stake in Monolithic Power Systems by 95.1% in the first quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock valued at $206,712,000 after buying an additional 148,771 shares during the period. UBS Group AG boosted its holdings in shares of Monolithic Power Systems by 100.4% during the 4th quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock worth $122,552,000 after buying an additional 97,357 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Monolithic Power Systems by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock worth $3,446,624,000 after buying an additional 90,589 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Monolithic Power Systems by 10.0% in the 4th quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock valued at $592,251,000 after acquiring an additional 85,676 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Saria Tseng sold 37,093 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $808.20, for a total value of $29,978,562.60. Following the completion of the transaction, the executive vice president now directly owns 166,428 shares of the company’s stock, valued at $134,507,109.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Deming Xiao sold 859 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $668,637.01. Following the transaction, the executive vice president now directly owns 202,354 shares of the company’s stock, valued at approximately $157,510,330.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Saria Tseng sold 37,093 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $808.20, for a total transaction of $29,978,562.60. Following the transaction, the executive vice president now owns 166,428 shares of the company’s stock, valued at approximately $134,507,109.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,299 shares of company stock worth $83,140,933. Insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MPWR. Rosenblatt Securities increased their target price on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. TD Cowen increased their price objective on shares of Monolithic Power Systems from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Oppenheimer raised their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Needham & Company LLC raised their price objective on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $912.30.

Monolithic Power Systems Trading Up 0.1 %

Shares of NASDAQ:MPWR opened at $895.91 on Friday. The stock has a market cap of $43.68 billion, a PE ratio of 106.78, a price-to-earnings-growth ratio of 3.73 and a beta of 1.12. The stock’s fifty day simple moving average is $856.06 and its two-hundred day simple moving average is $768.53. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The company had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. During the same quarter in the prior year, the company posted $2.05 earnings per share. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Company Profile

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.