Monolithic Power Systems, Inc. $MPWR Shares Sold by Investment Management Corp of Ontario

Investment Management Corp of Ontario lessened its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 28.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,719 shares of the semiconductor company’s stock after selling 684 shares during the quarter. Investment Management Corp of Ontario’s holdings in Monolithic Power Systems were worth $1,257,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. WPG Advisers LLC purchased a new position in Monolithic Power Systems in the first quarter valued at about $27,000. NewSquare Capital LLC grew its holdings in shares of Monolithic Power Systems by 76.0% in the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 19 shares during the period. SouthState Corp acquired a new stake in shares of Monolithic Power Systems in the 1st quarter worth approximately $33,000. Strategic Investment Solutions Inc. IL purchased a new position in Monolithic Power Systems in the 2nd quarter valued at approximately $36,000. Finally, AdvisorNet Financial Inc raised its holdings in Monolithic Power Systems by 306.3% during the second quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 0.3%

Shares of MPWR stock opened at $981.48 on Friday. The company has a market capitalization of $47.02 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 3.31 and a beta of 1.47. The firm has a 50-day moving average price of $969.83 and a 200 day moving average price of $846.95. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 EPS for the quarter, topping analysts’ consensus estimates of $4.62 by $0.11. The business had revenue of $737.18 million during the quarter, compared to the consensus estimate of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.06 earnings per share. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Insider Activity

In other Monolithic Power Systems news, CFO Theodore Blegen sold 3,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $908.21, for a total value of $2,724,630.00. Following the completion of the transaction, the chief financial officer directly owned 71,332 shares in the company, valued at approximately $64,784,435.72. The trade was a 4.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $896.97, for a total value of $89,697.00. Following the transaction, the director directly owned 426 shares in the company, valued at approximately $382,109.22. This represents a 19.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 102,426 shares of company stock worth $94,860,304 in the last three months. 3.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MPWR has been the topic of several research reports. Rosenblatt Securities upped their target price on Monolithic Power Systems from $800.00 to $950.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Citigroup boosted their price objective on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Wolfe Research set a $1,200.00 price objective on shares of Monolithic Power Systems and gave the company an “outperform” rating in a research note on Tuesday, October 14th. KeyCorp lifted their target price on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Monolithic Power Systems in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average price target of $1,047.27.

Monolithic Power Systems 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.