ProShare Advisors LLC Acquires 2,570 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

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

Several other institutional investors and hedge funds have also bought and sold shares of MPWR. Perpetual Ltd boosted its holdings in shares of Monolithic Power Systems by 1,042.4% during the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company's stock valued at $1,737,000 after purchasing an additional 2,679 shares during the last quarter. ICICI Prudential Asset Management Co Ltd purchased a new stake in Monolithic Power Systems during the fourth quarter valued at approximately $3,182,000. Vantage Investment Partners LLC grew its stake in shares of Monolithic Power Systems by 4.5% during the fourth quarter. Vantage Investment Partners LLC now owns 34,722 shares of the semiconductor company's stock worth $20,545,000 after acquiring an additional 1,505 shares during the last quarter. Boston Family Office LLC lifted its position in Monolithic Power Systems by 1,031.6% during the 4th quarter. Boston Family Office LLC now owns 2,614 shares of the semiconductor company's stock worth $1,547,000 after acquiring an additional 2,383 shares during the period. Finally, GDS Wealth Management raised its holdings in shares of Monolithic Power Systems by 1,527.1% during the fourth quarter. GDS Wealth Management now owns 8,168 shares of the semiconductor company's stock worth $4,833,000 after purchasing an additional 7,666 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the sale, the director now directly owns 676 shares in the company, valued at $471,848. The trade was a 12.89% decrease in their ownership of the stock. 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 Monolithic Power Systems 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 transaction, 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 disclosure for this sale can be found here. Insiders have sold 12,200 shares of company stock valued at $8,546,800 in the last ninety days. 3.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on MPWR shares. Loop Capital raised their price objective on 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 reiterated a "neutral" rating and set a $644.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Wells Fargo & Company lowered their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Needham & Company LLC reissued a "buy" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Finally, Raymond James reiterated an "outperform" rating and issued a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $779.83.

Monolithic Power Systems Stock Performance

MPWR traded down $2.22 during trading hours on Tuesday, reaching $700.17. The company's stock had a trading volume of 420,922 shares, compared to its average volume of 792,587. The company's 50-day moving average is $591.32 and its 200-day moving average is $614.47. The firm has a market cap of $33.52 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, topping 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 quarter in the prior year, the firm posted $2.81 EPS. Equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal 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.