Analog Century Management LP Reduces Position in Monolithic Power Systems, Inc. $MPWR

by · The Cerbat Gem

Analog Century Management LP lessened its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 8.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 70,723 shares of the semiconductor company’s stock after selling 6,868 shares during the quarter. Monolithic Power Systems comprises 3.2% of Analog Century Management LP’s investment portfolio, making the stock its 19th biggest holding. Analog Century Management LP’s holdings in Monolithic Power Systems were worth $64,100,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Monolithic Power Systems by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after buying an additional 134,087 shares during the last quarter. State Street Corp grew its stake in shares of Monolithic Power Systems by 2.1% in the 4th quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company’s stock valued at $1,979,610,000 after purchasing an additional 45,715 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Monolithic Power Systems by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company’s stock valued at $1,248,436,000 after purchasing an additional 44,583 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Monolithic Power Systems by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock valued at $794,723,000 after purchasing an additional 6,503 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $658,656,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $1,577.32 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $150.68 and a 1-year high of $1,714.09. The company has a market cap of $77.49 billion, a PE ratio of 113.72, a price-to-earnings-growth ratio of 2.82 and a beta of 1.69. The stock’s 50 day moving average price is $1,510.26 and its 200 day moving average price is $1,208.07.

Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share 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 firm had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. During the same period in the previous year, the business earned $4.04 earnings per share. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Insider Transactions at Monolithic Power Systems

In related news, EVP Saria Tseng sold 7,565 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the sale, the executive vice president directly owned 144,218 shares in the company, valued at $245,170,600. The trade was a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eileen Wynne sold 335 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,582.68, for a total value of $530,197.80. Following the completion of the sale, the director owned 1,007 shares in the company, valued at approximately $1,593,758.76. This trade represents a 24.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 113,073 shares of company stock valued at $160,875,958. 3.40% of the stock is owned by company insiders.

Analyst Ratings Changes

MPWR has been the topic of several analyst reports. Rosenblatt Securities lifted 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 note on Friday, May 1st. Weiss Ratings downgraded Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 28th. Zacks Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Finally, Stifel Nicolaus lifted their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,599.17.

Read Our Latest Stock Report on MPWR

Monolithic Power Systems 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.

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