Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Czech National Bank

Czech National Bank grew its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 3.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,984 shares of the semiconductor company's stock after buying an additional 401 shares during the quarter. Czech National Bank's holdings in Monolithic Power Systems were worth $6,370,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Tradewinds Capital Management LLC raised its holdings in Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new position in Monolithic Power Systems during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $29,000. Itau Unibanco Holding S.A. lifted its holdings in shares of Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after buying an additional 51 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were 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 directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $650.00, for a total transaction of $65,000.00. Following the completion of the transaction, the director now owns 776 shares of the company's stock, valued at $504,400. This trade represents a 11.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,200 shares of company stock worth $8,546,800. Corporate insiders own 3.40% of the company's stock.

Monolithic Power Systems Price Performance

NASDAQ MPWR traded up $8.99 during mid-day trading on Wednesday, hitting $694.75. The company's stock had a trading volume of 534,565 shares, compared to its average volume of 794,641. The firm has a market capitalization of $33.26 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64. The stock's fifty day simple moving average is $602.66 and its two-hundred day simple moving average is $613.32.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. The business had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The business's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.81 EPS. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus lowered their price target on shares of 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. Loop Capital boosted their price objective 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. Needham & Company LLC restated a "buy" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. KeyCorp dropped their target price on shares of Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, Wells Fargo & Company reduced their price target on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Two 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $786.92.

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.