GAMMA Investing LLC Has $451.42 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

GAMMA Investing LLC increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 76,432.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 778,333 shares of the semiconductor company's stock after purchasing an additional 777,316 shares during the quarter. GAMMA Investing LLC owned approximately 1.63% of Monolithic Power Systems worth $451,418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its position in Monolithic Power Systems by 262.4% during the 1st quarter. Versant Capital Management Inc now owns 395 shares of the semiconductor company's stock worth $229,000 after purchasing an additional 286 shares in the last quarter. First Hawaiian Bank increased its position in Monolithic Power Systems by 52.4% during the 1st quarter. First Hawaiian Bank now owns 4,556 shares of the semiconductor company's stock worth $2,642,000 after purchasing an additional 1,566 shares in the last quarter. Park National Corp OH purchased a new stake in Monolithic Power Systems in the 1st quarter valued at about $19,507,000. Kera Capital Partners Inc. purchased a new stake in Monolithic Power Systems in the 1st quarter valued at about $240,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Monolithic Power Systems by 119.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 270 shares of the semiconductor company's stock valued at $157,000 after buying an additional 147 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $701.00, for a total value 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 $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction 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 completion of the sale, the director now directly owns 776 shares of the company's stock, valued at approximately $504,400. This trade represents a 11.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,200 shares of company stock valued at $8,546,800 in the last three months. Corporate insiders own 3.40% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on MPWR shares. Rosenblatt Securities restated a "neutral" rating and issued a $644.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. Raymond James restated an "outperform" rating and issued a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. KeyCorp lowered their price target on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Loop Capital lifted their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Wells Fargo & Company lowered their price target on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Monolithic Power Systems presently has an average rating of "Moderate Buy" and a consensus target price of $779.83.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR traded up $11.40 during trading on Wednesday, reaching $697.16. 230,332 shares of the stock were exchanged, compared to its average volume of 793,456. The firm's 50-day moving average price is $602.66 and its 200 day moving average price is $613.32. The firm has a market cap of $33.38 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64.

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

Monolithic Power Systems 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.