Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stake Reduced by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC reduced its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,524 shares of the semiconductor company’s stock after selling 9,235 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Monolithic Power Systems were worth $67,824,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Arlington Capital Management Inc. acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth $809,000. Charles Schwab Investment Management Inc. raised its holdings in Monolithic Power Systems by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 286,256 shares of the semiconductor company’s stock worth $180,565,000 after buying an additional 9,218 shares during the period. Lincoln National Corp lifted its stake in Monolithic Power Systems by 5.5% during the fourth quarter. Lincoln National Corp now owns 647 shares of the semiconductor company’s stock valued at $408,000 after buying an additional 34 shares in the last quarter. Fielder Capital Group LLC acquired a new position in shares of Monolithic Power Systems in the fourth quarter worth about $285,000. Finally, Maryland State Retirement & Pension System raised its holdings in shares of Monolithic Power Systems by 3.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 3,575 shares of the semiconductor company’s stock valued at $2,255,000 after acquiring an additional 111 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Truist Financial lifted their price target on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. TD Cowen upped their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. KeyCorp upped their price objective on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Oppenheimer upped their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $743.78.

Monolithic Power Systems Trading Down 0.7 %

Monolithic Power Systems stock traded down $5.35 during trading hours on Thursday, reaching $708.02. 352,472 shares of the company were exchanged, compared to its average volume of 541,293. The firm has a market cap of $34.48 billion, a price-to-earnings ratio of 84.64, a PEG ratio of 3.64 and a beta of 1.22. The stock has a 50-day moving average of $678.93 and a 200 day moving average of $622.15. Monolithic Power Systems, Inc. has a 12 month low of $392.10 and a 12 month high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. The company had revenue of $454.01 million for the quarter, compared to the consensus estimate of $452.13 million. As a group, research analysts forecast that Monolithic Power Systems, Inc. will post 10.05 EPS for the current year.

Insider Buying and Selling

In related news, CEO Michael Hsing sold 8,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 891,232 shares in the company, valued at $589,861,899.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Saria Tseng sold 869 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $690.02, for a total value of $599,627.38. Following the completion of the transaction, the executive vice president now owns 203,521 shares in the company, valued at approximately $140,433,560.42. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction dated 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 sale, the chief executive officer now owns 891,232 shares in the company, valued at $589,861,899.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,130 shares of company stock valued at $31,066,617. 3.20% of the stock is owned by company insiders.

Monolithic Power Systems Company 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.