Tidal Investments LLC Sells 1,791 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Tidal Investments LLC decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 29.6% during the 4th quarter, HoldingsChannel reports. The fund owned 4,251 shares of the semiconductor company’s stock after selling 1,791 shares during the period. Tidal Investments LLC’s holdings in Monolithic Power Systems were worth $2,515,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Tradewinds Capital Management LLC raised its position in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 24 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $27,000. Itau Unibanco Holding S.A. increased its stake in shares of Monolithic Power Systems by 637.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 51 shares during the period. Golden State Wealth Management LLC bought a new position in Monolithic Power Systems in the 4th quarter valued at approximately $39,000. Finally, AlphaQuest LLC acquired a new stake in Monolithic Power Systems during the 4th quarter worth approximately $41,000. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the transaction, the director now directly owns 676 shares of the company’s stock, valued at $471,848. This represents a 12.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the completion of the sale, the executive vice president now owns 4,015 shares of the company’s stock, valued at $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,200 shares of company stock valued at $8,546,800 over the last 90 days. Company insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Down 0.9%

Shares of NASDAQ MPWR opened at $672.20 on Friday. The company has a market capitalization of $32.18 billion, a PE ratio of 18.28, a P/E/G ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The firm has a fifty day simple moving average of $593.40 and a 200 day simple moving average of $614.27.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.04. The firm had revenue of $637.55 million during the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The business’s quarterly revenue was up 39.2% on a year-over-year basis. During the same period last year, the company posted $2.81 EPS. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Citigroup boosted their target price on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Rosenblatt Securities reissued a “neutral” rating and issued a $644.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Stifel Nicolaus decreased their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Wells Fargo & Company lowered their target price on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research report on Friday, March 21st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus price target of $779.83.

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.