iA Global Asset Management Inc. Raises Stock Holdings in Monolithic Power Systems, Inc. $MPWR

iA Global Asset Management Inc. increased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 892.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,956 shares of the semiconductor company’s stock after purchasing an additional 5,356 shares during the period. iA Global Asset Management Inc.’s holdings in Monolithic Power Systems were worth $5,398,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Resonant Capital Advisors LLC increased its stake in shares of Monolithic Power Systems by 4.1% in the fourth quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock worth $230,000 after buying an additional 10 shares during the period. YANKCOM Partnership increased its stake in shares of Monolithic Power Systems by 6.7% in the fourth quarter. YANKCOM Partnership now owns 176 shares of the semiconductor company’s stock worth $160,000 after buying an additional 11 shares during the period. First National Bank of Hutchinson increased its stake in shares of Monolithic Power Systems by 1.2% in the fourth quarter. First National Bank of Hutchinson now owns 948 shares of the semiconductor company’s stock worth $859,000 after buying an additional 11 shares during the period. Sagespring Wealth Partners LLC increased its stake in shares of Monolithic Power Systems by 2.4% in the third quarter. Sagespring Wealth Partners LLC now owns 512 shares of the semiconductor company’s stock worth $471,000 after buying an additional 12 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Monolithic Power Systems by 2.5% in the third quarter. UMB Bank n.a. now owns 492 shares of the semiconductor company’s stock worth $453,000 after buying an additional 12 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Truist Financial set a $1,805.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 1st. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Rosenblatt Securities lifted their price target 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. Finally, KeyCorp lifted their price target on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average price target of $1,599.17.

Insider Activity

In other news, Director Eugen J. Elmiger sold 12,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the sale, the director owned 5,402 shares in the company, valued at approximately $8,561,953.92. The trade was a 68.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Eileen Wynne sold 335 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,582.68, for a total transaction of $530,197.80. Following the sale, the director owned 1,007 shares in the company, valued at approximately $1,593,758.76. This trade represents a 24.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 87,992 shares of company stock worth $120,484,010. 3.40% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,550.02 on Monday. Monolithic Power Systems, Inc. has a 12 month low of $643.36 and a 12 month high of $1,675.42. The stock has a market cap of $76.15 billion, a PE ratio of 111.75, a price-to-earnings-growth ratio of 2.77 and a beta of 1.74. The company’s fifty day moving average price is $1,308.82 and its 200-day moving average price is $1,123.62.

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