Kolinsky Wealth Management LLC Sells 56 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Kolinsky Wealth Management LLC trimmed its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) by 12.0% in the 4th quarter, HoldingsChannel reports. The firm owned 409 shares of the semiconductor company’s stock after selling 56 shares during the quarter. Kolinsky Wealth Management LLC’s holdings in Monolithic Power Systems were worth $258,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MPWR. FMR LLC lifted its holdings in Monolithic Power Systems by 35.0% in the third quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock worth $1,655,717,000 after buying an additional 929,009 shares during the period. Norges Bank bought a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $362,477,000. Vaughan Nelson Investment Management L.P. grew its stake in Monolithic Power Systems by 87.2% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 387,523 shares of the semiconductor company’s stock worth $179,036,000 after purchasing an additional 180,500 shares during the period. Vanguard Group Inc. raised its holdings in Monolithic Power Systems by 2.4% in the third quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock worth $2,482,546,000 after purchasing an additional 123,946 shares in the last quarter. Finally, Rokos Capital Management LLP lifted its position in Monolithic Power Systems by 133.9% during the third quarter. Rokos Capital Management LLP now owns 201,342 shares of the semiconductor company’s stock valued at $93,218,000 after buying an additional 115,250 shares during the period. Institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MPWR. KeyCorp upped their target price on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Wells Fargo & Company lifted their target price on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Needham & Company LLC restated a “buy” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Thursday, May 2nd. Finally, Truist Financial lifted their price objective on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $743.78.

Check Out Our Latest Stock Analysis on Monolithic Power Systems

Insiders Place Their Bets

In related news, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the completion of the sale, the chief executive officer now directly owns 891,232 shares in the company, valued at $589,861,899.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $681.83, for a total value of $7,500,130.00. Following the transaction, the executive vice president now owns 130,744 shares of the company’s stock, valued at $89,145,181.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total value of $5,294,800.00. Following the transaction, the chief executive officer now owns 891,232 shares of the company’s stock, valued at $589,861,899.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,046 shares of company stock valued at $31,842,373. Insiders own 3.20% of the company’s stock.

Monolithic Power Systems Trading Down 0.9 %

NASDAQ:MPWR traded down $6.97 during mid-day trading on Friday, reaching $751.64. The company’s stock had a trading volume of 324,683 shares, compared to its average volume of 414,350. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $778.15. The stock has a market cap of $36.59 billion, a P/E ratio of 89.59, a PEG ratio of 3.92 and a beta of 1.13. The firm’s fifty day moving average price is $696.32 and its two-hundred day moving average price is $661.39.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The firm had revenue of $457.89 million for the quarter, compared to the consensus estimate of $447.76 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. Analysts predict that Monolithic Power Systems, Inc. will post 10.03 earnings per share for the current fiscal year.

Monolithic Power Systems Company Profile

(Free Report)

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.

Further Reading

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

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