Fiduciary Trust Co Buys Shares of 516 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Fiduciary Trust Co purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 516 shares of the semiconductor company's stock, valued at approximately $305,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MPWR. Norges Bank purchased a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $493,807,000. Van ECK Associates Corp grew its stake in shares of 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Monolithic Power Systems in the 4th quarter valued at $140,795,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Monolithic Power Systems by 16.3% in the 4th 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 period. Finally, Alyeska Investment Group L.P. acquired a new position in Monolithic Power Systems during the 4th quarter worth about $113,547,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction 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 of the company's stock, valued at $2,814,515. The trade was a 74.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following the sale, the director now owns 776 shares of the company's stock, valued at approximately $504,400. This represents a 11.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,200 shares of company stock worth $8,546,800 in the last ninety days. 3.70% of the stock is owned by corporate insiders.

Monolithic Power Systems Price Performance

Shares of MPWR traded up $5.08 during mid-day trading on Friday, reaching $715.40. The company's stock had a trading volume of 361,984 shares, compared to its average volume of 789,998. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64. The stock has a market cap of $34.25 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. The company's 50 day moving average is $583.45 and its 200 day moving average is $618.88.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced 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. The company had revenue of $637.55 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $2.81 earnings per share. As a group, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of recent research reports. Citigroup boosted their price target on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Stifel Nicolaus reduced their target price on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Loop Capital increased their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Wells Fargo & Company cut their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research report on Friday, March 21st. Finally, KeyCorp decreased their target price on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $779.83.

Monolithic Power Systems 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.