Boston Family Office LLC Buys 1,406 Shares of Monolithic Power Systems, Inc. $MPWR

Boston Family Office LLC boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 43.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,653 shares of the semiconductor company’s stock after purchasing an additional 1,406 shares during the period. Boston Family Office LLC’s holdings in Monolithic Power Systems were worth $4,217,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Monolithic Power Systems by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after buying an additional 134,087 shares in the last quarter. State Street Corp lifted its holdings in Monolithic Power Systems by 0.7% during the 3rd quarter. State Street Corp now owns 2,134,704 shares of the semiconductor company’s stock valued at $1,968,578,000 after buying an additional 14,670 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Monolithic Power Systems by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company’s stock valued at $1,248,436,000 after buying an additional 44,583 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Monolithic Power Systems by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock valued at $794,723,000 after purchasing an additional 6,503 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at about $658,656,000. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

MPWR opened at $1,577.32 on Friday. The firm has a fifty day moving average price of $1,510.26 and a 200 day moving average price of $1,208.07. Monolithic Power Systems, Inc. has a 1 year low of $150.68 and a 1 year high of $1,714.09. The stock has a market cap of $77.49 billion, a P/E ratio of 113.72, a P/E/G ratio of 2.84 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The company had revenue of $804.19 million during 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%. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same period in the prior year, the business posted $4.04 earnings per share. Equities analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Truist Financial set a $1,805.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Stifel Nicolaus boosted their price target 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. KeyCorp lifted their price objective on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Zacks Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Finally, Needham & Company LLC lifted their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Saria Tseng sold 25,674 shares of the company’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $1,010.50, for a total transaction of $25,943,577.00. Following the completion of the transaction, the executive vice president directly owned 174,982 shares in the company, valued at approximately $176,819,311. This represents a 12.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the transaction, the executive vice president owned 166,644 shares of the company’s stock, valued at $260,197,941.60. This represents a 6.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 113,073 shares of company stock valued at $160,875,958 in the last three months. Company insiders own 3.40% of the company’s stock.

About Monolithic Power Systems

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.