First Hawaiian Bank Acquires 1,566 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

First Hawaiian Bank lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 52.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,556 shares of the semiconductor company's stock after acquiring an additional 1,566 shares during the quarter. First Hawaiian Bank's holdings in Monolithic Power Systems were worth $2,642,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MPWR. Tradewinds Capital Management LLC boosted its position in shares of Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 24 shares during the period. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of Monolithic Power Systems in the fourth quarter worth about $29,000. Itau Unibanco Holding S.A. boosted its holdings in shares of Monolithic Power Systems by 637.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after buying an additional 51 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in shares of Monolithic Power Systems in the fourth quarter worth about $39,000. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Trading Down 3.7%

NASDAQ MPWR traded down $25.18 on Friday, reaching $655.54. The stock had a trading volume of 950,305 shares, compared to its average volume of 796,470. The business has a 50 day moving average price of $599.61 and a 200 day moving average price of $611.91. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The company has a market capitalization of $31.39 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 2.60 and a beta of 1.18.

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 firm had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The business's quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.81 earnings per share. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several recent analyst reports. TD Cowen raised their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Loop Capital lifted their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Rosenblatt Securities reiterated a "neutral" rating and set a $644.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Raymond James reiterated an "outperform" rating and set a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Finally, KeyCorp lowered their price target on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of "Moderate Buy" and an average price target of $779.83.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the company'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 sale, the executive vice president now owns 4,015 shares in the company, valued at approximately $2,814,515. This represents a 74.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total value of $65,000.00. Following the sale, the director now directly owns 776 shares of the company's stock, valued at $504,400. The trade was a 11.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,200 shares of company stock valued at $8,546,800. 3.40% of the stock is owned by corporate insiders.

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.