Envestnet Portfolio Solutions Inc. Cuts Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Envestnet Portfolio Solutions Inc. reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) by 3.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,454 shares of the semiconductor company’s stock after selling 272 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Monolithic Power Systems were worth $5,333,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. QRG Capital Management Inc. increased its holdings in Monolithic Power Systems by 544.4% during the fourth quarter. QRG Capital Management Inc. now owns 6,006 shares of the semiconductor company’s stock worth $3,788,000 after buying an additional 5,074 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in Monolithic Power Systems by 6,680.0% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 339 shares of the semiconductor company’s stock valued at $214,000 after purchasing an additional 334 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Monolithic Power Systems by 33.4% during the fourth quarter. BNP Paribas Financial Markets now owns 156,375 shares of the semiconductor company’s stock valued at $98,638,000 after purchasing an additional 39,190 shares during the period. Principal Securities Inc. purchased a new stake in Monolithic Power Systems in the fourth quarter worth $275,000. Finally, Geneva Capital Management LLC raised its stake in shares of Monolithic Power Systems by 65.7% in the fourth quarter. Geneva Capital Management LLC now owns 23,891 shares of the semiconductor company’s stock valued at $15,070,000 after buying an additional 9,472 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MPWR shares. KeyCorp boosted their price objective on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Needham & Company LLC restated a “buy” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. TD Cowen raised their price target on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, Truist Financial increased their price objective on Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $743.78.

Check Out Our Latest Research Report on MPWR

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 250 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $750.00, for a total value of $187,500.00. Following the completion of the sale, the director now directly owns 1,391 shares of the company’s stock, valued at $1,043,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 250 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $750.00, for a total transaction of $187,500.00. Following the completion of the sale, the director now owns 1,391 shares of the company’s stock, valued at approximately $1,043,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $725.76, for a total transaction of $1,814,400.00. Following the completion of the transaction, the chief financial officer now owns 80,723 shares in the company, valued at approximately $58,585,524.48. The disclosure for this sale can be found here. Insiders sold a total of 44,930 shares of company stock valued at $30,916,503 over the last quarter. 3.20% of the stock is owned by corporate insiders.

Monolithic Power Systems Trading Up 0.1 %

MPWR opened at $703.05 on Tuesday. The stock has a market capitalization of $34.22 billion, a P/E ratio of 83.80, a PEG ratio of 3.63 and a beta of 1.22. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $778.15. The stock has a 50-day moving average price of $677.21 and a 200-day moving average price of $629.90.

Monolithic Power Systems Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.