DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Boosts Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 27.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,187 shares of the semiconductor company's stock after acquiring an additional 2,389 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Monolithic Power Systems were worth $6,619,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Tradewinds Capital Management LLC lifted its stake in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after buying an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new position in Monolithic Power Systems in the 4th quarter worth $27,000. West Oak Capital LLC lifted its position in shares of Monolithic Power Systems by 990.9% in the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 545 shares in the last quarter. Itau Unibanco Holding S.A. increased its holdings in Monolithic Power Systems by 637.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after buying an additional 51 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in Monolithic Power Systems during the fourth quarter worth approximately $39,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on MPWR shares. TD Cowen increased their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a report on Friday, May 2nd. KeyCorp decreased their price target on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Oppenheimer reiterated an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, March 21st. Finally, Loop Capital lifted their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Monolithic Power Systems has an average rating of "Moderate Buy" and an average target price of $779.83.

Monolithic Power Systems Price Performance

MPWR traded down $3.45 on Wednesday, reaching $734.28. 589,486 shares of the stock were exchanged, compared to its average volume of 788,272. The company's 50-day moving average price is $574.69 and its 200 day moving average price is $618.50. The firm has a market capitalization of $35.16 billion, a PE ratio of 19.97, a PEG ratio of 2.60 and a beta of 1.18. 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 - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The company had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. During the same quarter last year, the business earned $2.81 earnings per share. The firm's revenue was up 39.2% on a year-over-year basis. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the transaction, the executive vice president now owns 4,015 shares of the company's stock, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $650.00, for a total value of $65,000.00. Following the transaction, the director now directly owns 776 shares in the company, valued at approximately $504,400. This represents a 11.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,200 shares of company stock worth $8,546,800 in the last 90 days. Insiders own 3.70% of the company's stock.

Monolithic Power Systems Company Profile

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.