Vest Financial LLC Increases Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Vest Financial LLC increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 4,622.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,293 shares of the semiconductor company's stock after acquiring an additional 15,948 shares during the period. Vest Financial LLC's holdings in Monolithic Power Systems were worth $9,450,000 at the end of the most recent quarter.

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

Monolithic Power Systems Trading Up 0.9%

Shares of MPWR stock traded up $6.02 on Friday, hitting $687.08. The stock had a trading volume of 293,532 shares, compared to its average volume of 798,293. 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 $32.90 billion, a P/E ratio of 18.69, a PEG ratio of 2.60 and a beta of 1.19. The company has a fifty day moving average price of $609.10 and a two-hundred day moving average price of $615.96.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping analysts' consensus estimates of $4.00 by $0.04. The company had revenue of $637.55 million during 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 company's quarterly revenue was up 39.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.81 EPS. On average, analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on MPWR. Raymond James reaffirmed an "outperform" rating and issued a $720.00 price objective (down previously from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 2nd. KeyCorp dropped their price target on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Wells Fargo & Company decreased 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. Finally, 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 research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $786.92.

Insider Transactions at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $650.00, for a total value of $65,000.00. Following the sale, the director now owns 776 shares of the company's stock, valued at $504,400. The trade was a 11.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction 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 completion of the sale, the executive vice president now directly owns 4,015 shares of the company's stock, valued at approximately $2,814,515. This trade represents a 74.93% 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. 3.40% of the stock is currently owned by company insiders.

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.