Park National Corp OH Buys New Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Park National Corp OH acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,634 shares of the semiconductor company's stock, valued at approximately $19,507,000. Park National Corp OH owned approximately 0.07% of Monolithic Power Systems as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MPWR. ICICI Prudential Asset Management Co Ltd acquired a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $3,182,000. Boston Family Office LLC grew its holdings 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 valued at $1,547,000 after purchasing an additional 2,383 shares in the last quarter. GDS Wealth Management grew its holdings in Monolithic Power Systems by 1,527.1% during the 4th quarter. GDS Wealth Management now owns 8,168 shares of the semiconductor company's stock valued at $4,833,000 after purchasing an additional 7,666 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Monolithic Power Systems during the 4th quarter valued at $454,000. Finally, Trilogy Capital Inc. grew its holdings in Monolithic Power Systems by 100.0% during the 4th quarter. Trilogy Capital Inc. now owns 3,528 shares of the semiconductor company's stock valued at $2,088,000 after purchasing an additional 1,764 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Buying and Selling

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the company'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 completion of the sale, the director now owns 676 shares in the company, valued at $471,848. This represents a 12.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction on 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 sale, the executive vice president now 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 12,200 shares of company stock valued at $8,546,800 over the last 90 days. 3.40% of the stock is currently owned by company insiders.

Monolithic Power Systems Trading Down 3.7%

Monolithic Power Systems stock traded down $25.18 during mid-day trading on Friday, reaching $655.54. The company's stock had a trading volume of 950,305 shares, compared to its average volume of 796,333. The business has a 50 day moving average price of $599.61 and a 200-day moving average price of $611.83. 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 cap of $31.39 billion, a price-to-earnings ratio of 17.83, a PEG 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. 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 analyst estimates of $633.43 million. During the same period in the previous year, the business posted $2.81 EPS. Monolithic Power Systems's revenue was up 39.2% on a year-over-year basis. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. KeyCorp lowered their target price on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. 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 research note on Friday, February 7th. Stifel Nicolaus lowered their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Citigroup raised their price target on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $779.83.

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.