Monolithic Power Systems, Inc. $MPWR Shares Acquired by MGO One Seven LLC

MGO One Seven LLC lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 65.4% during the fourth quarter, Holdings Channel reports. The firm owned 1,393 shares of the semiconductor company’s stock after acquiring an additional 551 shares during the quarter. MGO One Seven LLC’s holdings in Monolithic Power Systems were worth $1,263,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in MPWR. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $34,000. IFP Advisors Inc increased its position 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 in the last quarter. Cornerstone Planning Group LLC increased its position 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 in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Monolithic Power Systems during the third quarter worth about $42,000. Finally, Torren Management LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling

In other Monolithic Power Systems news, Director Jeff Zhou sold 500 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,650.00, for a total value of $825,000.00. Following the sale, the director owned 4,286 shares of the company’s stock, valued at approximately $7,071,900. The trade was a 10.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deming Xiao sold 30,000 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the completion of the sale, the executive vice president directly owned 205,959 shares in the company, valued at $340,769,463.45. This represents a 12.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 88,192 shares of company stock worth $120,720,004 in the last three months. Company insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. KeyCorp raised their price target on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Truist Financial set a $1,805.00 price target on Monolithic Power Systems in a report on Friday, May 1st. Zacks Research lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, Needham & Company LLC raised their price target 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. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

Monolithic Power Systems Stock Up 3.8%

NASDAQ MPWR opened at $1,661.10 on Tuesday. Monolithic Power Systems, Inc. has a 52-week low of $643.36 and a 52-week high of $1,663.99. The business’s 50-day moving average price is $1,269.72 and its 200 day moving average price is $1,108.40. The firm has a market cap of $81.61 billion, a P/E ratio of 119.76, a P/E/G ratio of 2.86 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. During the same quarter in the previous year, the company earned $4.04 EPS. The firm’s revenue for the quarter was up 26.1% compared to the same quarter last year. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

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.