OneAscent Investment Solutions LLC Makes New Investment in Monolithic Power Systems, Inc. $MPWR

OneAscent Investment Solutions LLC acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 348 shares of the semiconductor company’s stock, valued at approximately $315,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pinebridge Investments LLC acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $1,430,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Monolithic Power Systems by 2.8% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 13,158 shares of the semiconductor company’s stock valued at $11,926,000 after acquiring an additional 360 shares during the period. Parallel Advisors LLC increased its holdings in shares of Monolithic Power Systems by 4.5% in the 4th quarter. Parallel Advisors LLC now owns 511 shares of the semiconductor company’s stock valued at $464,000 after acquiring an additional 22 shares during the period. Lifestyle Asset Management Inc. increased its holdings in shares of Monolithic Power Systems by 4.2% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,997 shares of the semiconductor company’s stock valued at $1,810,000 after acquiring an additional 80 shares during the period. Finally, Harvest Fund Management Co. Ltd increased its holdings in shares of Monolithic Power Systems by 51.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 13,546 shares of the semiconductor company’s stock valued at $12,277,000 after acquiring an additional 4,600 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $1,481.05 on Friday. The firm’s fifty day simple moving average is $1,462.17 and its 200-day simple moving average is $1,184.55. The stock has a market capitalization of $72.76 billion, a price-to-earnings ratio of 106.78, a PEG ratio of 2.96 and a beta of 1.69. Monolithic Power Systems, Inc. has a 12 month low of $670.00 and a 12 month high of $1,714.09.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. Rosenblatt Securities lifted their target price on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, TD Cowen lifted their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average target price of $1,599.17.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Saria Tseng sold 25,674 shares of the business’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $1,010.50, for a total value of $25,943,577.00. Following the transaction, the executive vice president directly owned 174,982 shares of the company’s stock, valued at approximately $176,819,311. The trade was a 12.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the completion of the transaction, the executive vice president directly owned 166,644 shares in the company, valued at $260,197,941.60. This represents a 6.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 113,073 shares of company stock worth $160,875,958 in the last ninety days. 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.