Van ECK Associates Corp Sells 230,136 Shares of Monolithic Power Systems, Inc. $MPWR

Van ECK Associates Corp reduced its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 31.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 502,312 shares of the semiconductor company’s stock after selling 230,136 shares during the period. Van ECK Associates Corp’s holdings in Monolithic Power Systems were worth $455,276,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at about $34,000. IFP Advisors Inc raised its position in shares of Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares during the last quarter. Covestor Ltd raised its position in shares of Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 9 shares during the last quarter. Torren Management LLC purchased a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $49,000. Finally, Solstein Capital LLC raised its position in shares of Monolithic Power Systems by 74.2% in the 4th quarter. Solstein Capital LLC now owns 54 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 23 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,533.95, for a total transaction of $46,018.50. Following the sale, the executive vice president owned 1,179 shares of the company’s stock, valued at $1,808,527.05. This trade represents a 2.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eileen Wynne sold 335 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,582.68, for a total transaction of $530,197.80. Following the sale, the director directly owned 1,007 shares in the company, valued at $1,593,758.76. The trade was a 24.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 113,073 shares of company stock worth $160,875,958. 3.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MPWR. Wells Fargo & Company increased their price objective on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Weiss Ratings lowered shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 28th. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Finally, Truist Financial set a $1,805.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,599.17.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $1,577.32 on Friday. The stock has a market capitalization of $77.49 billion, a price-to-earnings ratio of 113.72, a PEG ratio of 2.84 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. The firm’s 50 day simple moving average is $1,510.26 and its 200-day simple moving average is $1,208.07.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data 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 analysts’ expectations of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business’s revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the company earned $4.04 EPS. Analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

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.