Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Bought by US Bancorp DE

US Bancorp DE grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) by 54.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,157 shares of the semiconductor company’s stock after purchasing an additional 8,153 shares during the period. US Bancorp DE’s holdings in Monolithic Power Systems were worth $14,607,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Monolithic Power Systems by 35.0% in the 3rd quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock worth $1,655,717,000 after acquiring an additional 929,009 shares during the period. Norges Bank acquired a new stake in shares of Monolithic Power Systems in the 4th quarter worth approximately $362,477,000. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Monolithic Power Systems by 87.2% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 387,523 shares of the semiconductor company’s stock worth $179,036,000 after acquiring an additional 180,500 shares during the period. Vanguard Group Inc. grew its holdings in shares of Monolithic Power Systems by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock worth $2,482,546,000 after acquiring an additional 123,946 shares during the period. Finally, Rokos Capital Management LLP grew its holdings in shares of Monolithic Power Systems by 133.9% in the 3rd quarter. Rokos Capital Management LLP now owns 201,342 shares of the semiconductor company’s stock worth $93,218,000 after acquiring an additional 115,250 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $753.38 on Monday. The stock’s 50-day moving average is $681.08 and its two-hundred day moving average is $647.75. The stock has a market cap of $36.67 billion, a PE ratio of 89.80, a P/E/G ratio of 3.89 and a beta of 1.22. Monolithic Power Systems, Inc. has a 12 month low of $392.10 and a 12 month high of $778.15.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last announced its earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. The business had revenue of $457.89 million for the quarter, compared to analyst estimates of $447.76 million. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 10.03 earnings per share for the current year.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of research reports. Needham & Company LLC restated a “buy” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Thursday, May 2nd. TD Cowen lifted their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Truist Financial lifted their target price on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, Oppenheimer lifted their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $743.78.

Get Our Latest Research Report on MPWR

Insider Transactions at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 250 shares of Monolithic Power Systems stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $706.34, for a total transaction of $176,585.00. Following the sale, the director now directly owns 1,141 shares of the company’s stock, valued at $805,933.94. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Kuo Wei Herbert Chang sold 250 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $706.34, for a total value of $176,585.00. Following the completion of the sale, the director now directly owns 1,141 shares of the company’s stock, valued at $805,933.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $725.76, for a total value of $1,814,400.00. Following the completion of the sale, the chief financial officer now directly owns 80,723 shares of the company’s stock, valued at $58,585,524.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,380 shares of company stock valued at $32,026,223. 3.20% of the stock is currently owned by insiders.

Monolithic Power Systems Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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