GTS Securities LLC Increases Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

GTS Securities LLC lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 313.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,721 shares of the semiconductor company's stock after purchasing an additional 5,097 shares during the quarter. GTS Securities LLC's holdings in Monolithic Power Systems were worth $3,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Monolithic Power Systems by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock worth $3,446,223,000 after buying an additional 74,046 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Monolithic Power Systems by 16.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock worth $904,297,000 after acquiring an additional 214,395 shares during the last quarter. Geode Capital Management LLC lifted its position in Monolithic Power Systems by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock valued at $807,158,000 after acquiring an additional 31,295 shares in the last quarter. Invesco Ltd. lifted its position in Monolithic Power Systems by 7.5% in the 4th quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock valued at $687,841,000 after acquiring an additional 81,412 shares in the last quarter. Finally, Brown Advisory Inc. boosted its stake in Monolithic Power Systems by 0.5% during the 4th quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock valued at $583,420,000 after purchasing an additional 5,274 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MPWR shares. TD Cowen boosted their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Loop Capital raised their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a report on Friday, February 7th. Rosenblatt Securities reissued a "neutral" rating and set a $644.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 2nd. Finally, Wells Fargo & Company lowered their price objective on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $779.83.

Monolithic Power Systems Stock Down 0.5%

MPWR traded down $3.20 during trading on Wednesday, hitting $682.32. The company's stock had a trading volume of 108,772 shares, compared to its average volume of 791,629. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The business's 50 day simple moving average is $596.38 and its 200-day simple moving average is $611.07. The firm has a market cap of $32.67 billion, a PE ratio of 18.58, a P/E/G ratio of 2.60 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping 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 analysts' expectations of $633.43 million. During the same period last year, the firm earned $2.81 EPS. Monolithic Power Systems's revenue for the quarter was up 39.2% compared to the same quarter last year. Equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Insider Transactions at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems 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 transaction, the director now owns 776 shares in the company, valued at approximately $504,400. The trade was a 11.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction on 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 transaction, the executive vice president now directly owns 4,015 shares of the company's stock, valued at $2,814,515. This represents a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,200 shares of company stock valued at $8,546,800 over the last quarter. 3.40% of the stock is currently owned by company insiders.

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.