Natixis Advisors LLC Sells 3,104 Shares of Monolithic Power Systems, Inc. $MPWR

Natixis Advisors LLC cut its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,155 shares of the semiconductor company’s stock after selling 3,104 shares during the quarter. Natixis Advisors LLC’s holdings in Monolithic Power Systems were worth $116,155,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Monolithic Power Systems by 2.3% during 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 acquiring an additional 134,087 shares in the last quarter. State Street Corp increased its holdings in shares of Monolithic Power Systems by 0.7% during 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 acquiring an additional 14,670 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Monolithic Power Systems by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company’s stock valued at $1,248,436,000 after acquiring an additional 44,583 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Monolithic Power Systems by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock valued at $794,723,000 after acquiring an additional 6,503 shares in the last quarter. Finally, Norges Bank bought a new stake in Monolithic Power Systems in the 4th quarter worth about $658,656,000. 93.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on MPWR shares. Weiss Ratings downgraded Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 28th. TD Cowen lifted their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Zacks Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Truist Financial set a $1,805.00 price objective on Monolithic Power Systems in a report on Friday, May 1st. Finally, Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,599.17.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $1,624.99 on Wednesday. The company has a market capitalization of $79.84 billion, a price-to-earnings ratio of 117.16, a PEG ratio of 2.76 and a beta of 1.69. The stock has a 50-day moving average of $1,420.51 and a 200 day moving average of $1,167.22. Monolithic Power Systems, Inc. has a one year low of $662.79 and a one year high of $1,714.09.

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

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Jeff Zhou sold 1,014 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1,587.06, for a total value of $1,609,278.84. Following the transaction, the director directly owned 4,786 shares of the company’s stock, valued at approximately $7,595,669.16. This trade represents a 17.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Saria Tseng sold 25,674 shares of the firm’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $1,010.50, for a total value of $25,943,577.00. Following the completion of the transaction, the executive vice president directly owned 174,982 shares in the company, valued at $176,819,311. The trade was a 12.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 113,043 shares of company stock valued at $160,829,940. 3.40% of the stock is currently owned by company insiders.

Monolithic Power Systems Profile

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.