20,000 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,000 shares of the semiconductor company's stock, valued at approximately $11,834,000.

Several other large investors have also made changes to their positions in MPWR. Tradewinds Capital Management LLC raised its stake in shares of Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock worth $26,000 after buying an additional 24 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $27,000. Fourth Dimension Wealth LLC bought a new position in shares of Monolithic Power Systems in the fourth quarter worth about $29,000. Itau Unibanco Holding S.A. boosted its stake in shares of Monolithic Power Systems by 637.5% during 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 in the last quarter. Finally, Golden State Wealth Management LLC bought a new position in Monolithic Power Systems during the 4th quarter worth approximately $39,000. Institutional investors own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MPWR. Wells Fargo & Company dropped their price target 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 price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Stifel Nicolaus cut their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Citigroup upped their price target on Monolithic Power Systems from $615.00 to $700.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Oppenheimer restated an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $779.83.

Insider Activity

In other news, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was 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 owns 4,015 shares in the company, valued at $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction dated Thursday, May 8th. The shares were 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 directly owns 776 shares in the company, valued at $504,400. The trade was a 11.42% 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 over the last three months. Insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Down 3.6%

NASDAQ MPWR traded down $24.17 during mid-day trading on Friday, hitting $656.55. The stock had a trading volume of 282,717 shares, compared to its average volume of 792,312. The company has a market cap of $31.44 billion, a price-to-earnings ratio of 17.86, a P/E/G 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. The company has a 50 day simple moving average of $599.16 and a 200 day simple moving average of $611.76.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The business had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. During the same period last year, the company posted $2.81 EPS. The business's quarterly revenue was up 39.2% on a year-over-year basis. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

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.