Monolithic Power Systems, Inc. $MPWR Holdings Increased by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 436.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,182 shares of the semiconductor company’s stock after purchasing an additional 2,589 shares during the period. Baker Avenue Asset Management LP’s holdings in Monolithic Power Systems were worth $2,884,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Monolithic Power Systems by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after purchasing an additional 134,087 shares during the last quarter. State Street Corp lifted its position in shares of 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 acquiring an additional 14,670 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 worth $1,248,436,000 after acquiring an additional 44,583 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Monolithic Power Systems by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock worth $794,723,000 after purchasing an additional 6,503 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Monolithic Power Systems by 18.0% in the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock worth $506,661,000 after buying an additional 105,721 shares during the period. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 0.8%

NASDAQ MPWR opened at $1,633.17 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $643.36 and a 1-year high of $1,714.09. The firm’s fifty day simple moving average is $1,401.70 and its 200-day simple moving average is $1,158.93. The company has a market capitalization of $80.24 billion, a PE ratio of 117.75, a price-to-earnings-growth ratio of 2.90 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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 return on equity of 19.58% and a net margin of 22.84%.The firm had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. During the same quarter in the previous year, the company posted $4.04 earnings per share. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. As a group, analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MPWR. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a research report on Friday, May 1st. Zacks Research lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Finally, Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a 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. According to data from MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

Insiders Place Their Bets

In related news, Director Eileen Wynne sold 335 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,582.68, for a total value of $530,197.80. Following the transaction, the director owned 1,007 shares in the company, valued at approximately $1,593,758.76. This represents a 24.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Maurice Sciammas sold 12,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 166,644 shares in the company, valued at approximately $260,197,941.60. The trade was a 6.72% decrease in their position. 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 have sold a total of 105,478 shares of company stock worth $147,969,440 in the last quarter. Corporate 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.