TimesSquare Capital Management LLC Sells 9,235 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

TimesSquare Capital Management LLC reduced its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,524 shares of the semiconductor company’s stock after selling 9,235 shares during the period. TimesSquare Capital Management LLC owned approximately 0.22% of Monolithic Power Systems worth $67,824,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Arlington Trust Co LLC increased its stake in Monolithic Power Systems by 56.1% during the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 23 shares during the last quarter. Operose Advisors LLC bought a new stake in Monolithic Power Systems in the third quarter worth $43,000. Turtle Creek Wealth Advisors LLC bought a new position in Monolithic Power Systems during the fourth quarter valued at $43,000. Lindbrook Capital LLC grew its holdings in Monolithic Power Systems by 137.0% during the 4th quarter. Lindbrook Capital LLC now owns 109 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 63 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in shares of Monolithic Power Systems by 145.8% during the fourth quarter. Private Trust Co. NA now owns 118 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 70 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MPWR. TD Cowen increased their price target on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 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 report on Friday, February 2nd. Needham & Company LLC reissued a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Wells Fargo & Company upped their target price on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Finally, KeyCorp lifted their price target on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average price target of $743.78.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR traded down $5.35 during mid-day trading on Thursday, hitting $708.02. The stock had a trading volume of 352,472 shares, compared to its average volume of 541,293. The company has a 50 day moving average of $678.93 and a two-hundred day moving average of $622.15. The firm has a market cap of $34.48 billion, a PE ratio of 84.64, a PEG ratio of 3.64 and a beta of 1.22. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $778.15.

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

Insiders Place Their Bets

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 sale, the executive vice president now owns 203,521 shares in the company, valued at $140,433,560.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Saria Tseng sold 869 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $690.02, for a total transaction of $599,627.38. Following the sale, the executive vice president now directly owns 203,521 shares of the company’s stock, valued at $140,433,560.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 737 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $689.98, for a total value of $508,515.26. Following the completion of the transaction, the chief financial officer now directly owns 74,986 shares of the company’s stock, valued at $51,738,840.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,130 shares of company stock valued at $31,066,617. 3.20% of the stock is owned by insiders.

Monolithic Power Systems 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.