Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Position Raised by Silvercrest Asset Management Group LLC

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

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Monolithic Power Systems by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock valued at $3,446,223,000 after acquiring an additional 74,046 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Monolithic Power Systems by 16.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock worth $904,297,000 after purchasing an additional 214,395 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Monolithic Power Systems by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock valued at $807,158,000 after purchasing an additional 31,295 shares during the period. Invesco Ltd. raised its stake in shares of Monolithic Power Systems by 7.5% during the fourth quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock valued at $687,841,000 after purchasing an additional 81,412 shares in the last quarter. Finally, Brown Advisory Inc. raised its stake in shares of Monolithic Power Systems by 0.5% during the fourth quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock valued at $583,420,000 after purchasing an additional 5,274 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction that occurred 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 directly owns 4,015 shares of the company's stock, valued at $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm'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 sale, the director now owns 676 shares of the company's stock, 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. Over the last ninety days, insiders have sold 12,200 shares of company stock valued at $8,546,800. Company insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR traded down $15.15 during mid-day trading on Friday, hitting $657.06. The stock had a trading volume of 129,360 shares, compared to its average volume of 790,766. The company's 50 day moving average is $593.40 and its 200-day moving average is $614.27. 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 $31.46 billion, a PE ratio of 17.94, a P/E/G ratio of 2.60 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released 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. The company had revenue of $637.55 million during the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The company's revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.81 earnings per share. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on MPWR. Loop Capital raised their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research note on Friday, February 7th. KeyCorp lowered their target price on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Wells Fargo & Company cut their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. Raymond James restated an "outperform" rating and issued a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Finally, Stifel Nicolaus dropped their price target on 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. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems 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.