Assetmark Inc. Purchases 9,655 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Assetmark Inc. boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 216.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,120 shares of the semiconductor company’s stock after buying an additional 9,655 shares during the period. Assetmark Inc.’s holdings in Monolithic Power Systems were worth $8,907,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft increased its holdings in Monolithic Power Systems by 0.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,831 shares of the semiconductor company’s stock worth $1,153,000 after purchasing an additional 14 shares in the last quarter. American National Bank increased its holdings in Monolithic Power Systems by 1.5% during the 4th quarter. American National Bank now owns 1,060 shares of the semiconductor company’s stock worth $669,000 after purchasing an additional 16 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Monolithic Power Systems by 4.3% during the 4th quarter. Quadrant Capital Group LLC now owns 463 shares of the semiconductor company’s stock worth $292,000 after purchasing an additional 19 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Monolithic Power Systems by 12.3% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 182 shares of the semiconductor company’s stock worth $115,000 after purchasing an additional 20 shares in the last quarter. Finally, Greenleaf Trust increased its holdings in Monolithic Power Systems by 2.2% during the 4th quarter. Greenleaf Trust now owns 957 shares of the semiconductor company’s stock worth $604,000 after purchasing an additional 21 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on MPWR. Oppenheimer boosted their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Truist Financial upped their target price on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Thursday, May 2nd. TD Cowen upped their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Finally, KeyCorp upped their target price on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $743.78.

Insider Buying and Selling at Monolithic Power Systems

In other news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $726.08, for a total value of $5,808,640.00. Following the completion of the transaction, the chief executive officer now directly owns 907,232 shares of the company’s stock, valued at $658,723,010.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $726.08, for a total value of $5,808,640.00. Following the completion of the transaction, the chief executive officer now directly owns 907,232 shares of the company’s stock, valued at $658,723,010.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $725.76, for a total value of $1,814,400.00. Following the completion of the transaction, the chief financial officer now directly owns 80,723 shares of the company’s stock, valued at $58,585,524.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,380 shares of company stock valued at $32,026,223. Company insiders own 3.20% of the company’s stock.

Monolithic Power Systems Trading Up 0.5 %

Shares of NASDAQ MPWR opened at $760.62 on Thursday. The stock has a fifty day simple moving average of $678.68 and a two-hundred day simple moving average of $643.07. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $778.15. The firm has a market cap of $37.03 billion, a price-to-earnings ratio of 90.66, a price-to-earnings-growth ratio of 3.91 and a beta of 1.22.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.02. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. The business had revenue of $457.89 million during the quarter, compared to analyst estimates of $447.76 million. Analysts forecast that Monolithic Power Systems, Inc. will post 10.03 EPS for the current year.

Monolithic Power Systems 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.