Rhumbline Advisers Purchases 8,693 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Rhumbline Advisers grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 8.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,467 shares of the semiconductor company's stock after acquiring an additional 8,693 shares during the quarter. Rhumbline Advisers owned about 0.24% of Monolithic Power Systems worth $67,548,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MPWR. Brighton Jones LLC increased its holdings in shares of Monolithic Power Systems by 46.0% during the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock valued at $376,000 after acquiring an additional 200 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Monolithic Power Systems by 9.1% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,577 shares of the semiconductor company's stock valued at $933,000 after acquiring an additional 132 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in Monolithic Power Systems by 90.2% in the 4th quarter. DAVENPORT & Co LLC now owns 428 shares of the semiconductor company's stock worth $253,000 after buying an additional 203 shares in the last quarter. Copeland Capital Management LLC increased its holdings in Monolithic Power Systems by 26.1% in the 4th quarter. Copeland Capital Management LLC now owns 19,725 shares of the semiconductor company's stock worth $11,671,000 after buying an additional 4,086 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC increased its holdings in Monolithic Power Systems by 81.4% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,045 shares of the semiconductor company's stock worth $619,000 after buying an additional 469 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Price Performance

Shares of MPWR stock traded up $8.99 during trading hours on Wednesday, reaching $694.75. 534,565 shares of the company traded hands, compared to its average volume of 794,641. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64. The company has a market cap of $33.26 billion, a P/E ratio of 18.89, a P/E/G ratio of 2.60 and a beta of 1.18. The firm has a 50-day moving average price of $602.66 and a 200 day moving average price of $613.32.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $637.55 million for the quarter, compared to analysts' expectations of $633.43 million. During the same period in the previous year, the firm earned $2.81 EPS. The firm's revenue was up 39.2% compared to the same quarter last year. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was 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 approximately $2,814,515. The trade was a 74.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 676 shares in the company, valued at approximately $471,848. This represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,200 shares of company stock valued at $8,546,800. Corporate insiders own 3.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MPWR. Stifel Nicolaus reduced their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Loop Capital lifted their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Wells Fargo & Company reduced their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a report on Friday, March 21st. KeyCorp reduced their price objective on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, Citigroup lifted their price objective on Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $786.92.

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.