Geode Capital Management LLC Acquires 44,583 Shares of Monolithic Power Systems, Inc. $MPWR

Key Points

• Geode Capital Management increased its stake in Monolithic Power Systems by 3.3% in the fourth quarter, adding 44,583 shares and bringing its total holding to 1,382,280 shares worth about $1.25 billion.
• Monolithic Power Systems reported better-than-expected quarterly results, with earnings per share of $5.10 versus the $4.90 estimate and revenue up 26.1% year over year to $804.19 million.
• Insider selling has been notable, with executives Deming Xiao and Maurice Sciammas recently selling shares, while analysts remain generally positive with a consensus Moderate Buy rating and an average price target of $1,599.17.

Geode Capital Management LLC boosted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,382,280 shares of the semiconductor company's stock after acquiring an additional 44,583 shares during the quarter. Geode Capital Management LLC owned 2.89% of Monolithic Power Systems worth $1,248,436,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC lifted its position in shares of Monolithic Power Systems by 88.9% in the 3rd quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company's stock worth $2,016,000 after purchasing an additional 1,031 shares during the period. AE Wealth Management LLC acquired a new position in shares of Monolithic Power Systems during the 3rd quarter valued at $1,121,000. Candriam S.C.A. lifted its position in shares of Monolithic Power Systems by 6.9% during the 3rd quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company's stock valued at $79,089,000 after acquiring an additional 5,561 shares during the period. Vanguard Group Inc. lifted its position in shares of Monolithic Power Systems by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company's stock valued at $5,591,998,000 after acquiring an additional 134,087 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Monolithic Power Systems by 66.4% during the 3rd quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company's stock valued at $412,263,000 after acquiring an additional 178,622 shares during the period. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Stock Performance

MPWR opened at $1,633.17 on Friday. The firm has a market cap of $80.24 billion, a P/E ratio of 117.75, a PEG ratio of 2.90 and a beta of 1.74. The firm has a 50-day moving average of $1,401.70 and a 200 day moving average of $1,158.93. Monolithic Power Systems, Inc. has a fifty-two week low of $643.36 and a fifty-two week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The company had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. During the same quarter in the prior year, the business earned $4.04 earnings per share. The firm's revenue for the quarter was up 26.1% on a year-over-year basis. Equities research analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Insider Activity at Monolithic Power Systems

In other news, EVP Deming Xiao sold 30,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 205,959 shares in the company, valued at $340,769,463.45. This trade represents a 12.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the sale, the executive vice president owned 166,644 shares of the company's stock, valued at approximately $260,197,941.60. The trade was a 6.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 105,478 shares of company stock worth $147,969,440 over the last 90 days. Corporate insiders own 3.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MPWR. Weiss Ratings upgraded shares of Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, May 7th. Zacks Research lowered shares of Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 10th. Wells Fargo & Company boosted their price target on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. William Blair restated an "outperform" rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Finally, Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,599.17.

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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