ProShare Advisors LLC Boosts Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

ProShare Advisors LLC increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 16.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,746 shares of the semiconductor company's stock after buying an additional 2,570 shares during the period. ProShare Advisors LLC's holdings in Monolithic Power Systems were worth $10,500,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC lifted its holdings in shares of Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 24 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Monolithic Power Systems in the 4th quarter worth $27,000. Itau Unibanco Holding S.A. lifted its position in Monolithic Power Systems by 637.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 51 shares during the period. Golden State Wealth Management LLC acquired a new position in Monolithic Power Systems during the 4th quarter worth approximately $39,000. Finally, AlphaQuest LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on MPWR shares. Citigroup upped their price objective on Monolithic Power Systems from $615.00 to $700.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. KeyCorp lowered their price target on shares of 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. Rosenblatt Securities reiterated a "neutral" rating and issued a $644.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. TD Cowen boosted their price objective on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, 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 report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $779.83.

Monolithic Power Systems Trading Down 2.2%

Shares of NASDAQ MPWR traded down $15.05 during trading on Friday, reaching $657.15. The company had a trading volume of 129,360 shares, compared to its average volume of 790,762. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The stock has a 50-day moving average price of $593.40 and a two-hundred day moving average price of $614.27. The stock has a market capitalization of $31.46 billion, a PE ratio of 17.94, a price-to-earnings-growth 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 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The firm had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. During the same quarter in the previous year, the company posted $2.81 EPS. The firm's revenue for the quarter was up 39.2% on a year-over-year basis. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction 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 sale, the executive vice president now directly owns 4,015 shares of the company's stock, valued at $2,814,515. The trade was a 74.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the company'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 sale, the director now owns 776 shares of the company's stock, valued at approximately $504,400. The trade was a 11.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,200 shares of company stock worth $8,546,800. Insiders own 3.40% of the company's stock.

About Monolithic Power Systems

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.