Baker Avenue Asset Management LP Grows Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Key Points

• Baker Avenue Asset Management boosted its stake in Monolithic Power Systems by 436.6% in the fourth quarter, ending with 3,182 shares worth about $2.88 million.
• Several other institutional investors also increased their positions, and hedge funds and other institutions now own 93.46% of MPWR shares.
• Monolithic Power Systems reported better-than-expected first-quarter results, with EPS of $5.10 on revenue of $804.19 million, while analysts currently rate the stock a Moderate Buy with an average target price of $1,599.17.

Baker Avenue Asset Management LP raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 436.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,182 shares of the semiconductor company's stock after acquiring 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.

A number of other large investors also recently made changes to their positions in MPWR. Brighton Jones LLC boosted its position in shares of Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock worth $376,000 after acquiring an additional 200 shares during the last quarter. Empowered Funds LLC grew its position in Monolithic Power Systems by 3.1% during the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company's stock valued at $3,088,000 after acquiring an additional 161 shares during the period. NewEdge Advisors LLC increased its stake in Monolithic Power Systems by 3.5% during the second quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company's stock worth $6,863,000 after acquiring an additional 314 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of Monolithic Power Systems by 35.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company's stock valued at $26,175,000 after purchasing an additional 9,315 shares in the last quarter. Finally, Globeflex Capital L P purchased a new position in Monolithic Power Systems in the second quarter valued at approximately $347,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president owned 166,644 shares of the company's stock, valued at approximately $260,197,941.60. The trade was a 6.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeff Zhou sold 1,014 shares of Monolithic Power Systems stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1,587.06, for a total transaction of $1,609,278.84. Following the completion of the sale, the director owned 4,786 shares in the company, valued at approximately $7,595,669.16. This represents a 17.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 105,478 shares of company stock valued at $147,969,440 over the last ninety days. Insiders own 3.40% of the company's stock.

Analyst Ratings Changes

MPWR has been the subject of several recent research reports. Needham & Company LLC increased their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Rosenblatt Securities increased their price target on 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. Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a "buy" rating in a research note on Thursday, April 16th. Raymond James Financial reaffirmed an "outperform" rating and issued a $1,800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, Zacks Research downgraded Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, April 10th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,599.17.

Monolithic Power Systems Stock Performance

MPWR opened at $1,633.17 on Friday. The company has a market capitalization of $80.24 billion, a P/E ratio of 117.75, a PEG ratio of 2.90 and a beta of 1.74. The company has a 50-day moving average of $1,401.70 and a 200-day moving average of $1,158.93. Monolithic Power Systems, Inc. has a 1-year low of $643.36 and a 1-year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping analysts' consensus estimates of $4.90 by $0.20. The company had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.Monolithic Power Systems's quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.04 EPS. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

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.

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