Brown Advisory Inc. Cuts Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Brown Advisory Inc. decreased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 31.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 500,755 shares of the semiconductor company’s stock after selling 229,364 shares during the period. Brown Advisory Inc.’s holdings in Monolithic Power Systems were worth $453,887,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position 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 buying an additional 134,087 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Monolithic Power Systems by 66.4% during the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock valued at $412,263,000 after buying an additional 178,622 shares during the last quarter. AIA Group Ltd purchased a new position in shares of Monolithic Power Systems during the third quarter valued at approximately $1,459,000. Merit Financial Group LLC boosted its position in shares of Monolithic Power Systems by 183.9% during the fourth quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock valued at $2,499,000 after buying an additional 1,786 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. purchased a new position in shares of Monolithic Power Systems during the third quarter valued at approximately $502,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MPWR shares. Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a research report on Friday, May 1st. Weiss Ratings lowered Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 28th. Rosenblatt Securities lifted their price target on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Needham & Company LLC lifted their price target on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,599.17.

Monolithic Power Systems Trading Up 892.3%

Shares of Monolithic Power Systems stock opened at $1,577.32 on Friday. The business’s fifty day simple moving average is $1,510.26 and its 200 day simple moving average is $1,208.07. The firm has a market capitalization of $77.49 billion, a P/E ratio of 113.72, a price-to-earnings-growth ratio of 2.82 and a beta of 1.69. Monolithic Power Systems, Inc. has a 12 month low of $150.68 and a 12 month high of $1,714.09.

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

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,533.95, for a total value of $46,018.50. Following the sale, the executive vice president directly owned 1,179 shares in the company, valued at $1,808,527.05. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeff Zhou sold 486 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total value of $816,480.00. Following the completion of the sale, the director owned 3,800 shares in the company, valued at approximately $6,384,000. The trade was a 11.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 113,073 shares of company stock valued at $160,875,958 in the last ninety days. 3.40% of the stock is owned by corporate insiders.

About Monolithic Power Systems

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.