Dorsey & Whitney Trust CO LLC Has $270,000 Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Dorsey & Whitney Trust CO LLC decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 328 shares of the semiconductor company’s stock after selling 19 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Monolithic Power Systems were worth $270,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Monolithic Power Systems by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock valued at $3,739,318,000 after buying an additional 55,874 shares in the last quarter. Franklin Resources Inc. raised its stake in Monolithic Power Systems by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 1,830,569 shares of the semiconductor company’s stock worth $1,154,686,000 after purchasing an additional 43,191 shares in the last quarter. Brown Advisory Inc. boosted its holdings in Monolithic Power Systems by 4.4% in the 4th quarter. Brown Advisory Inc. now owns 1,028,467 shares of the semiconductor company’s stock valued at $648,736,000 after purchasing an additional 43,225 shares during the period. Wellington Management Group LLP grew its position in shares of Monolithic Power Systems by 10.0% during the 4th quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after purchasing an additional 85,676 shares in the last quarter. Finally, Capital Research Global Investors grew its position in shares of Monolithic Power Systems by 1.2% during the 4th quarter. Capital Research Global Investors now owns 616,180 shares of the semiconductor company’s stock worth $388,674,000 after purchasing an additional 7,323 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the subject of a number of analyst reports. Raymond James lifted their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Rosenblatt Securities raised their price target on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. TD Cowen boosted their price target on Monolithic Power Systems from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. KeyCorp increased their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $912.30.

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00. Following the completion of the transaction, the chief financial officer now directly owns 61,678 shares in the company, valued at approximately $55,769,247.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the sale, the chief financial officer now owns 61,678 shares in the company, valued at approximately $55,769,247.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Saria Tseng sold 37,093 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $808.20, for a total value of $29,978,562.60. Following the completion of the transaction, the executive vice president now owns 166,428 shares of the company’s stock, valued at $134,507,109.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 98,299 shares of company stock valued at $83,140,933. 3.20% of the stock is currently owned by insiders.

Monolithic Power Systems Trading Up 0.1 %

Shares of NASDAQ MPWR opened at $895.91 on Friday. The company has a market cap of $43.68 billion, a price-to-earnings ratio of 106.78, a PEG ratio of 3.73 and a beta of 1.12. Monolithic Power Systems, Inc. has a 12 month low of $392.10 and a 12 month high of $959.64. The stock has a 50-day moving average price of $856.06 and a two-hundred day moving average price of $768.53.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.07 by $0.10. The company had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.05 EPS. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.

About Monolithic Power Systems

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.