SG Americas Securities LLC Increases Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

SG Americas Securities LLC lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 9,241.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,689 shares of the semiconductor company’s stock after purchasing an additional 25,414 shares during the quarter. SG Americas Securities LLC’s holdings in Monolithic Power Systems were worth $14,899,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MPWR. Norges Bank purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $493,807,000. GAMMA Investing LLC lifted its position in Monolithic Power Systems by 76,432.3% in the first quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company’s stock valued at $451,418,000 after buying an additional 777,316 shares during the last quarter. Van ECK Associates Corp lifted its position in Monolithic Power Systems by 73.3% in the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock valued at $459,174,000 after buying an additional 328,203 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Monolithic Power Systems in the fourth quarter valued at about $140,795,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Monolithic Power Systems by 16.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company’s stock valued at $904,297,000 after buying an additional 214,395 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MPWR. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $644.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. KeyCorp decreased their target price on shares of Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. TD Cowen upped their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Raymond James reaffirmed an “outperform” rating and issued a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Finally, Citigroup upped their target price on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $786.92.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the transaction, the executive vice president now directly owns 4,015 shares in the company, valued at $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $650.00, for a total transaction of $65,000.00. Following the completion of the transaction, the director now owns 776 shares in the company, valued at $504,400. This represents a 11.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,200 shares of company stock valued at $8,546,800 over the last 90 days. 3.40% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Up 3.6%

Shares of NASDAQ:MPWR opened at $731.84 on Wednesday. The firm’s 50 day moving average price is $616.07 and its 200 day moving average price is $617.63. The stock has a market cap of $35.04 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 2.60 and a beta of 1.19. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.04. The firm had revenue of $637.55 million for the quarter, compared to analysts’ expectations of $633.43 million. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The firm’s revenue was up 39.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.81 earnings per share. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

About Monolithic Power Systems

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.