Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 599.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,278 shares of the semiconductor company's stock after purchasing an additional 13,951 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in Monolithic Power Systems were worth $9,632,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Perpetual Ltd lifted its stake in Monolithic Power Systems by 1,042.4% in the fourth quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company's stock worth $1,737,000 after acquiring an additional 2,679 shares during the period. ICICI Prudential Asset Management Co Ltd purchased a new position in Monolithic Power Systems in the fourth quarter worth $3,182,000. Vantage Investment Partners LLC grew its holdings 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 valued at $20,545,000 after buying an additional 1,505 shares during the last quarter. Boston Family Office LLC grew its holdings in shares of Monolithic Power Systems by 1,031.6% during the fourth quarter. Boston Family Office LLC now owns 2,614 shares of the semiconductor company's stock valued at $1,547,000 after buying an additional 2,383 shares during the last quarter. Finally, GDS Wealth Management lifted its position in 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 valued at $4,833,000 after purchasing an additional 7,666 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now owns 4,015 shares of the company's stock, valued at approximately $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the company'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 transaction of $69,800.00. Following the transaction, the director now directly owns 676 shares of the company's stock, valued at $471,848. This trade represents a 12.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,200 shares of company stock valued at $8,546,800. Corporate insiders own 3.40% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MPWR. TD Cowen upped their price objective on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Oppenheimer reissued an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, March 21st. Wells Fargo & Company lowered their price objective on shares of 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. Loop Capital increased their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Citigroup raised their price target on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Two investment 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 target price of $779.83.

Monolithic Power Systems Stock Down 0.3%

MPWR traded down $2.22 during trading on Tuesday, hitting $700.17. 420,922 shares of the stock were exchanged, compared to its average volume of 792,585. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The firm has a market capitalization of $33.52 billion, a P/E ratio of 19.04, a PEG ratio of 2.60 and a beta of 1.18. The stock has a fifty day moving average price of $591.32 and a two-hundred day moving average price of $614.47.

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, beating the consensus estimate of $4.00 by $0.04. The business had revenue of $637.55 million for 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 business's quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.81 earnings per share. Analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current 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.