Dogwood Wealth Management LLC Reduces Holdings in Monolithic Power Systems, Inc. $MPWR

Dogwood Wealth Management LLC decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) by 33.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 632 shares of the semiconductor company’s stock after selling 318 shares during the period. Dogwood Wealth Management LLC’s holdings in Monolithic Power Systems were worth $573,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MPWR. Vanguard Group Inc. boosted its position in Monolithic Power Systems by 2.3% in the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after buying an additional 134,087 shares during the last quarter. State Street Corp boosted its position in Monolithic Power Systems by 0.7% in the third quarter. State Street Corp now owns 2,134,704 shares of the semiconductor company’s stock valued at $1,968,578,000 after buying an additional 14,670 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Monolithic Power Systems by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock valued at $794,723,000 after buying an additional 6,503 shares during the last quarter. Bank of America Corp DE boosted its position in Monolithic Power Systems by 18.0% in the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock valued at $506,661,000 after buying an additional 105,721 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Monolithic Power Systems by 2.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 570,719 shares of the semiconductor company’s stock valued at $517,277,000 after buying an additional 14,132 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on MPWR. Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a research report on Friday, May 1st. Needham & Company LLC upped their target price on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Rosenblatt Securities upped their target price on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. KeyCorp upped their target price on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $1,800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,599.17.

Get Our Latest Analysis on Monolithic Power Systems

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Deming Xiao sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the completion of the transaction, the executive vice president directly owned 205,959 shares of the company’s stock, valued at approximately $340,769,463.45. The trade was a 12.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Victor K. Lee sold 400 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $1,212.16, for a total value of $484,864.00. Following the completion of the transaction, the director directly owned 27,756 shares of the company’s stock, valued at $33,644,712.96. The trade was a 1.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 88,592 shares of company stock valued at $121,204,868 in the last three months. 3.40% of the stock is currently owned by company insiders.

Monolithic Power Systems News Summary

Here are the key news stories impacting Monolithic Power Systems this week:

Monolithic Power Systems Trading Up 1.6%

Shares of NASDAQ:MPWR opened at $1,600.84 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $630.62 and a 12-month high of $1,662.00. The company has a market capitalization of $78.65 billion, a PE ratio of 115.42, a PEG ratio of 2.86 and a beta of 1.74. The business has a 50 day moving average of $1,252.72 and a two-hundred day moving average of $1,099.93.

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

Monolithic Power Systems Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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