Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 941,376 shares of the semiconductor company’s stock after selling 43,665 shares during the period. Massachusetts Financial Services Co. MA owned about 1.93% of Monolithic Power Systems worth $773,510,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MPWR. Family Firm Inc. acquired a new position in shares of Monolithic Power Systems in the 2nd quarter valued at $25,000. RiverPark Advisors LLC acquired a new position in shares of Monolithic Power Systems in the 1st quarter valued at $27,000. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems in the 1st quarter valued at $31,000. Atwood & Palmer Inc. acquired a new position in shares of Monolithic Power Systems in the 2nd quarter valued at $33,000. Finally, Crewe Advisors LLC boosted its stake in Monolithic Power Systems by 126.3% during the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $885.23 on Tuesday. The company has a market cap of $43.15 billion, a P/E ratio of 105.51, a PEG ratio of 4.14 and a beta of 1.12. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $959.64. The firm has a fifty day moving average of $859.32 and a two-hundred day moving average of $772.75.

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

Insider Activity

In other news, Director Victor K. Lee sold 1,000 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $820.46, for a total value of $820,460.00. Following the completion of the transaction, the director now owns 29,232 shares in the company, valued at approximately $23,983,686.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Victor K. Lee sold 1,000 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $820.46, for a total value of $820,460.00. Following the completion of the transaction, the director now owns 29,232 shares in the company, valued at approximately $23,983,686.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $804.19, for a total transaction of $2,010,475.00. Following the transaction, the chief financial officer now owns 69,986 shares of the company’s stock, valued at $56,282,041.34. The disclosure for this sale can be found here. Insiders sold 98,299 shares of company stock worth $83,140,933 in the last 90 days. 3.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MPWR. Truist Financial increased their price target on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Oppenheimer increased their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. Needham & Company LLC increased their price target on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, TD Cowen increased their price target on shares of Monolithic Power Systems from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $912.30.

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.