Commonwealth Equity Services LLC Sells 30 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Commonwealth Equity Services LLC decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Rating) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,349 shares of the semiconductor company’s stock after selling 30 shares during the period. Commonwealth Equity Services LLC’s holdings in Monolithic Power Systems were worth $830,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Private Advisor Group LLC boosted its holdings in shares of Monolithic Power Systems by 31.3% in the first quarter. Private Advisor Group LLC now owns 1,383 shares of the semiconductor company’s stock worth $672,000 after acquiring an additional 330 shares during the period. Raymond James Trust N.A. boosted its position in shares of Monolithic Power Systems by 5.4% in the first quarter. Raymond James Trust N.A. now owns 1,916 shares of the semiconductor company’s stock valued at $930,000 after acquiring an additional 99 shares during the period. Cibc World Market Inc. grew its stake in Monolithic Power Systems by 1,624.0% during the first quarter. Cibc World Market Inc. now owns 7,189 shares of the semiconductor company’s stock valued at $3,492,000 after acquiring an additional 6,772 shares in the last quarter. Blair William & Co. IL increased its holdings in Monolithic Power Systems by 9.3% during the 1st quarter. Blair William & Co. IL now owns 10,335 shares of the semiconductor company’s stock worth $5,019,000 after acquiring an additional 883 shares during the period. Finally, Prudential PLC purchased a new stake in Monolithic Power Systems in the 1st quarter worth approximately $439,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MPWR shares. Cowen upped their price target on shares of Monolithic Power Systems from $490.00 to $550.00 and gave the stock an “outperform” rating in a report on Thursday, February 9th. Raymond James raised their price target on Monolithic Power Systems from $400.00 to $550.00 and gave the company an “outperform” rating in a report on Thursday, February 9th. Truist Financial cut their price objective on Monolithic Power Systems from $608.00 to $527.00 in a report on Friday, May 5th. Wells Fargo & Company decreased their price objective on shares of Monolithic Power Systems from $525.00 to $510.00 in a research report on Friday, May 5th. Finally, StockNews.com initiated coverage on shares of Monolithic Power Systems in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $522.67.

Monolithic Power Systems Stock Down 5.5 %

Shares of NASDAQ:MPWR opened at $423.70 on Wednesday. The stock has a market cap of $20.08 billion, a PE ratio of 43.91, a PEG ratio of 1.86 and a beta of 1.13. The company’s fifty day moving average is $461.88 and its 200 day moving average is $431.45. Monolithic Power Systems, Inc. has a 52 week low of $301.69 and a 52 week high of $541.39.

Insider Buying and Selling

In related news, VP Maurice Sciammas sold 857 shares of Monolithic Power Systems stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $409.78, for a total value of $351,181.46. Following the transaction, the vice president now owns 204,349 shares in the company, valued at approximately $83,738,133.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Theodore Blegen sold 920 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $487.99, for a total transaction of $448,950.80. Following the transaction, the chief financial officer now directly owns 131,122 shares in the company, valued at approximately $63,986,224.78. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Maurice Sciammas sold 857 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $409.78, for a total value of $351,181.46. Following the transaction, the vice president now owns 204,349 shares in the company, valued at $83,738,133.22. The disclosure for this sale can be found here. Insiders have sold a total of 39,298 shares of company stock worth $18,378,940 in the last 90 days. 3.00% of the stock is owned by company insiders.

Monolithic Power Systems Company Profile

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Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.