Pier 88 Investment Partners LLC Has $1.22 Million Stock Position in Monolithic Power Systems, Inc. $MPWR

Pier 88 Investment Partners LLC reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 76.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,350 shares of the semiconductor company’s stock after selling 4,430 shares during the quarter. Pier 88 Investment Partners LLC’s holdings in Monolithic Power Systems were worth $1,224,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MPWR. SG Americas Securities LLC lifted its stake in shares of Monolithic Power Systems by 77,483.1% in the fourth quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after acquiring an additional 261,893 shares during the period. Rakuten Investment Management Inc. acquired a new position in shares of Monolithic Power Systems in the third quarter worth approximately $197,260,000. First Trust Advisors LP lifted its stake in shares of Monolithic Power Systems by 66.4% in the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock worth $412,263,000 after acquiring an additional 178,622 shares during the period. Rafferty Asset Management LLC lifted its stake in shares of Monolithic Power Systems by 36.1% in the second quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock worth $386,991,000 after acquiring an additional 140,269 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Monolithic Power Systems by 2.3% in the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after acquiring an additional 134,087 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Rosenblatt Securities lifted their target price on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Zacks Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Needham & Company LLC lifted their target price on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, TD Cowen lifted their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,599.17.

Insider Activity

In other news, Director Eugen J. Elmiger sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the completion of the sale, the director owned 5,402 shares in the company, valued at $8,561,953.92. The trade was a 68.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 380 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $1,583.81, for a total value of $601,847.80. Following the sale, the executive vice president owned 919 shares of the company’s stock, valued at approximately $1,455,521.39. This represents a 29.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 88,192 shares of company stock valued at $120,720,004. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,661.10 on Tuesday. The company has a market cap of $81.61 billion, a P/E ratio of 119.76, a PEG ratio of 2.86 and a beta of 1.74. The stock has a 50 day simple moving average of $1,269.72 and a two-hundred day simple moving average of $1,108.40. Monolithic Power Systems, Inc. has a fifty-two week low of $643.36 and a fifty-two week high of $1,663.99.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The business had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same period in the previous year, the company posted $4.04 earnings per share. On average, research analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current 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.