Mackenzie Financial Corp Purchases 828 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mackenzie Financial Corp increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 16.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,942 shares of the semiconductor company's stock after buying an additional 828 shares during the period. Mackenzie Financial Corp's holdings in Monolithic Power Systems were worth $3,516,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ICICI Prudential Asset Management Co Ltd purchased a new stake in shares of Monolithic Power Systems in the fourth quarter worth $3,182,000. Boston Family Office LLC raised its position in shares of Monolithic Power Systems by 1,031.6% in the fourth quarter. Boston Family Office LLC now owns 2,614 shares of the semiconductor company's stock worth $1,547,000 after buying an additional 2,383 shares in the last quarter. GDS Wealth Management increased its stake in Monolithic Power Systems by 1,527.1% in the fourth quarter. GDS Wealth Management now owns 8,168 shares of the semiconductor company's stock valued at $4,833,000 after acquiring an additional 7,666 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Monolithic Power Systems in the fourth quarter valued at $454,000. Finally, Trilogy Capital Inc. increased its stake in Monolithic Power Systems by 100.0% in the fourth quarter. Trilogy Capital Inc. now owns 3,528 shares of the semiconductor company's stock valued at $2,088,000 after acquiring an additional 1,764 shares during the last quarter. 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 transaction of $8,412,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,015 shares in the company, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction that occurred 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 of the company's stock, valued at $504,400. The trade was a 11.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,200 shares of company stock valued at $8,546,800. 3.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on MPWR shares. Loop Capital increased their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Rosenblatt Securities reissued a "neutral" rating and issued a $644.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Stifel Nicolaus reduced their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Citigroup increased their target price on Monolithic Power Systems from $615.00 to $700.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company reduced 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. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of "Moderate Buy" and an average price target of $779.83.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR traded down $25.18 during trading hours on Friday, hitting $655.54. The company's stock had a trading volume of 950,305 shares, compared to its average volume of 796,470. The stock has a market cap 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, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64. The business has a 50-day simple moving average of $599.61 and a 200-day simple moving average of $611.91.

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, topping the consensus estimate of $4.00 by $0.04. The company had revenue of $637.55 million for the quarter, compared to analysts' expectations of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Monolithic Power Systems's quarterly revenue was up 39.2% on a year-over-year basis. During the same period last year, the firm earned $2.81 earnings per share. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

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.