Kayne Anderson Rudnick Investment Management LLC Raises Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Kayne Anderson Rudnick Investment Management LLC grew its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 28.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 362,761 shares of the semiconductor company's stock after acquiring an additional 81,234 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 0.74% of Monolithic Power Systems worth $214,646,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MPWR. Barclays PLC increased its holdings in shares of Monolithic Power Systems by 5.0% in the 3rd quarter. Barclays PLC now owns 322,115 shares of the semiconductor company's stock valued at $297,799,000 after acquiring an additional 15,350 shares during the period. Brighton Jones LLC increased its holdings in shares of Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock valued at $376,000 after acquiring an additional 200 shares during the period. RFG Advisory LLC increased its holdings in shares of Monolithic Power Systems by 7.6% in the 4th quarter. RFG Advisory LLC now owns 1,051 shares of the semiconductor company's stock valued at $622,000 after acquiring an additional 74 shares during the period. Sound Income Strategies LLC increased its holdings in shares of Monolithic Power Systems by 3,300.0% in the 4th quarter. Sound Income Strategies LLC now owns 306 shares of the semiconductor company's stock valued at $181,000 after acquiring an additional 297 shares during the period. Finally, Exchange Traded Concepts LLC grew its stake in Monolithic Power Systems by 116.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,509 shares of the semiconductor company's stock worth $893,000 after buying an additional 811 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Raymond James restated an "outperform" rating and set a $720.00 target price (down from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Oppenheimer restated an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st. Wells Fargo & Company dropped their target price on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Loop Capital boosted their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, KeyCorp dropped their target price on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $779.83.

Monolithic Power Systems Stock Down 1.2%

Shares of NASDAQ:MPWR traded down $8.04 during midday trading on Wednesday, reaching $677.48. The company's stock had a trading volume of 517,224 shares, compared to its average volume of 794,542. The stock has a fifty day moving average of $598.11 and a 200 day moving average of $611.53. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The firm has a market capitalization of $32.44 billion, a PE ratio of 18.42, a P/E/G ratio of 2.60 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted 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. The company had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The firm's quarterly revenue was up 39.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.81 earnings per share. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction dated 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 transaction, the director now owns 776 shares of the company's stock, valued at $504,400. The trade was a 11.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 4,015 shares of the company's stock, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,200 shares of company stock valued at $8,546,800 in 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.