Fideuram Asset Management Ireland dac Takes Position in Monolithic Power Systems, Inc. $MPWR

Key Points

• Fideuram Asset Management Ireland dac opened a new position in Monolithic Power Systems in Q4, buying 4,395 shares valued at about $3.98 million.
• Institutional interest in MPWR remains high, with investors such as Vanguard and First Trust increasing stakes and institutions collectively owning 93.46% of the stock.
• Monolithic Power Systems reported strong quarterly results, including EPS of $5.10 and revenue of $804.19 million, both above estimates, while analysts currently rate the stock a Moderate Buy with a consensus target price of $1,599.17.

Fideuram Asset Management Ireland dac acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,395 shares of the semiconductor company's stock, valued at approximately $3,983,000.

Other large investors also recently bought and sold shares of the company. Penserra Capital Management LLC raised its stake in Monolithic Power Systems by 88.9% in the third quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company's stock worth $2,016,000 after buying an additional 1,031 shares in the last quarter. AE Wealth Management LLC bought a new position in Monolithic Power Systems in the third quarter worth approximately $1,121,000. Candriam S.C.A. raised its stake in Monolithic Power Systems by 6.9% in the third quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company's stock worth $79,089,000 after buying an additional 5,561 shares in the last quarter. Vanguard Group Inc. raised its stake in Monolithic Power Systems by 2.3% in the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company's stock worth $5,591,998,000 after buying an additional 134,087 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Monolithic Power Systems by 66.4% in the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company's stock worth $412,263,000 after buying an additional 178,622 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on MPWR. Wells Fargo & Company boosted their price objective on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. Zacks Research downgraded Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 10th. William Blair reaffirmed an "outperform" rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Raymond James Financial reaffirmed an "outperform" rating and set a $1,800.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, KeyCorp upped their price target on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an "overweight" rating in a research report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,599.17.

Monolithic Power Systems Trading Up 0.8%

Shares of MPWR stock opened at $1,633.17 on Friday. The business's fifty day simple moving average is $1,401.70 and its 200-day simple moving average is $1,158.93. The company has a market cap of $80.24 billion, a PE ratio of 117.75, a PEG ratio of 2.90 and a beta of 1.74. Monolithic Power Systems, Inc. has a 12-month low of $643.36 and a 12-month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.90 by $0.20. The business 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%.The business's quarterly revenue was up 26.1% on a year-over-year basis. During the same period in the prior year, the firm posted $4.04 earnings per share. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Insider Activity

In other news, EVP Saria Tseng sold 5,000 shares of the business's stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,586.43, for a total transaction of $7,932,150.00. Following the sale, the executive vice president directly owned 151,783 shares of the company's stock, valued at $240,793,104.69. The trade was a 3.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deming Xiao sold 30,000 shares of the business's stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the sale, the executive vice president directly owned 205,959 shares in the company, valued at $340,769,463.45. This trade represents a 12.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 105,478 shares of company stock valued at $147,969,440. 3.40% of the stock is owned by corporate insiders.

Monolithic Power Systems Profile

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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