Monolithic Power Systems, Inc. $MPWR Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 291.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 99,461 shares of the semiconductor company’s stock after acquiring an additional 74,082 shares during the quarter. ProShare Advisors LLC’s holdings in Monolithic Power Systems were worth $90,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Monolithic Power Systems during the fourth quarter worth approximately $34,000. IFP Advisors Inc raised its stake in shares of Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Monolithic Power Systems by 542.9% during the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 38 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Monolithic Power Systems during the third quarter worth approximately $42,000. Finally, Torren Management LLC purchased a new stake in shares of Monolithic Power Systems during the fourth quarter worth approximately $49,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,468.11 on Wednesday. The stock has a fifty day moving average price of $1,325.88 and a two-hundred day moving average price of $1,129.07. The stock has a market capitalization of $72.13 billion, a price-to-earnings ratio of 105.85, a PEG ratio of 2.66 and a beta of 1.74. Monolithic Power Systems, Inc. has a 1 year low of $643.36 and a 1 year high of $1,675.42.

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

Wall Street Analysts Forecast Growth

MPWR has been the subject of several analyst reports. Zacks Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Needham & Company LLC upped their price target on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. TD Cowen upped their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,599.17.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the completion of the transaction, the executive vice president owned 166,644 shares in the company, valued at approximately $260,197,941.60. This represents a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeff Zhou sold 1,014 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,587.06, for a total value of $1,609,278.84. Following the completion of the transaction, the director owned 4,786 shares of the company’s stock, valued at $7,595,669.16. The trade was a 17.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 99,992 shares of company stock valued at $139,220,810 in the last three months. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Profile

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.