Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Waverly Advisors LLC

Waverly Advisors LLC raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 359.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,121 shares of the semiconductor company's stock after acquiring an additional 877 shares during the quarter. Waverly Advisors LLC's holdings in Monolithic Power Systems were worth $663,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MPWR. Norges Bank purchased a new position in Monolithic Power Systems in the 4th quarter worth approximately $493,807,000. Van ECK Associates Corp lifted its stake in Monolithic Power Systems by 73.3% during the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company's stock worth $459,174,000 after purchasing an additional 328,203 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Monolithic Power Systems during the 4th quarter valued at about $140,795,000. Price T Rowe Associates Inc. MD grew its holdings 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 valued at $904,297,000 after purchasing an additional 214,395 shares in the last quarter. Finally, Siemens Fonds Invest GmbH increased its position in shares of Monolithic Power Systems by 18,567.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 200,487 shares of the semiconductor company's stock worth $118,628,000 after acquiring an additional 199,413 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Rosenblatt Securities reiterated a "neutral" rating and set a $644.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Raymond James reissued an "outperform" rating and set a $720.00 price objective (down from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Citigroup increased their price target on Monolithic Power Systems from $615.00 to $700.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, TD Cowen boosted their price objective on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $779.83.

Monolithic Power Systems Trading Down 1.2%

Shares of Monolithic Power Systems stock traded down $8.04 during trading hours on Wednesday, reaching $677.48. 517,224 shares of the company's stock were exchanged, compared to its average volume of 794,542. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64. The company has a fifty day moving average of $598.11 and a 200-day moving average of $611.53. The firm has a market capitalization of $32.44 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth 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 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 firm had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. During the same period in the prior year, the business posted $2.81 earnings per share. The firm's revenue for the quarter was up 39.2% compared to the same quarter last year. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction 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 completion of the sale, the director now directly owns 676 shares in the company, valued at $471,848. This represents a 12.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 4,015 shares in the company, valued at $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. Insiders sold a total of 12,200 shares of company stock valued at $8,546,800 in the last 90 days. 3.40% of the stock is currently owned by insiders.

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.