Connective Capital Management LLC Takes $730,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Connective Capital Management LLC acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,234 shares of the semiconductor company's stock, valued at approximately $730,000. Monolithic Power Systems makes up 0.9% of Connective Capital Management LLC's portfolio, making the stock its 24th largest position.

A number of other hedge funds have also recently bought and sold shares of MPWR. Vanguard Group Inc. grew its holdings in shares of Monolithic Power Systems by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock valued at $3,446,223,000 after acquiring an additional 74,046 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Monolithic Power Systems by 16.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock worth $904,297,000 after purchasing an additional 214,395 shares during the last quarter. Geode Capital Management LLC grew its stake in Monolithic Power Systems by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock valued at $807,158,000 after purchasing an additional 31,295 shares during the period. Invesco Ltd. grew its stake in Monolithic Power Systems by 7.5% in the 4th quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock valued at $687,841,000 after purchasing an additional 81,412 shares during the period. Finally, Brown Advisory Inc. increased its position in shares of Monolithic Power Systems by 0.5% during the 4th quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock valued at $583,420,000 after purchasing an additional 5,274 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the business'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 completion of the transaction, the executive vice president now owns 4,015 shares of the company's stock, valued at approximately $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the completion of the sale, the director now directly owns 676 shares in the company, valued at $471,848. This represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,200 shares of company stock valued at $8,546,800. 3.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Oppenheimer reissued an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. Wells Fargo & Company cut their price target on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. Stifel Nicolaus lowered their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Needham & Company LLC reiterated a "buy" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Finally, Loop Capital lifted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Two investment 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 has a consensus rating of "Moderate Buy" and an average target price of $779.83.

Monolithic Power Systems Price Performance

Shares of MPWR traded down $10.02 during midday trading on Friday, hitting $662.18. 508,484 shares of the company traded hands, compared to its average volume of 792,324. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The firm has a market cap of $31.71 billion, a P/E ratio of 18.01, a PEG ratio of 2.60 and a beta of 1.18. The stock has a 50-day moving average of $594.20 and a 200-day moving average of $613.57.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. During the same quarter in the prior year, the firm posted $2.81 EPS. Monolithic Power Systems's revenue was up 39.2% on a year-over-year basis. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

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.