Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Trexquant Investment LP

Trexquant Investment LP decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,396 shares of the semiconductor company’s stock after selling 152 shares during the quarter. Trexquant Investment LP’s holdings in Monolithic Power Systems were worth $4,034,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Corient Private Wealth LLC grew its stake in shares of Monolithic Power Systems by 740.7% in the 4th quarter. Corient Private Wealth LLC now owns 48,486 shares of the semiconductor company’s stock valued at $30,584,000 after purchasing an additional 42,719 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in Monolithic Power Systems in the fourth quarter valued at about $260,000. Balentine LLC acquired a new stake in Monolithic Power Systems in the fourth quarter valued at about $623,000. Coldstream Capital Management Inc. boosted its holdings in Monolithic Power Systems by 5.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 4,846 shares of the semiconductor company’s stock valued at $3,057,000 after purchasing an additional 265 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC acquired a new position in Monolithic Power Systems during the fourth quarter worth $209,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Kuo Wei Herbert Chang sold 250 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $706.34, for a total value of $176,585.00. Following the transaction, the director now directly owns 1,141 shares of the company’s stock, valued at approximately $805,933.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction 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 approximately $589,861,899.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 250 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $706.34, for a total transaction of $176,585.00. Following the sale, the director now directly owns 1,141 shares of the company’s stock, valued at $805,933.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,380 shares of company stock valued at $32,026,223. Insiders own 3.20% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $746.39 on Friday. The company has a market cap of $36.33 billion, a PE ratio of 88.96, a price-to-earnings-growth ratio of 3.93 and a beta of 1.22. The company has a 50-day simple moving average of $678.68 and a 200-day simple moving average of $643.07. 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 issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The company had revenue of $457.89 million for the quarter, compared to analyst estimates of $447.76 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 10.03 EPS for the current year.

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.