Woodline Partners LP Makes New $1.58 Million Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Woodline Partners LP purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,667 shares of the semiconductor company's stock, valued at approximately $1,578,000.

A number of other large investors also recently modified their holdings of the business. Vident Advisory LLC lifted its holdings in shares of Monolithic Power Systems by 26.7% during the fourth quarter. Vident Advisory LLC now owns 1,210 shares of the semiconductor company's stock worth $716,000 after buying an additional 255 shares during the last quarter. Sphera Management Technology Funds Ltd acquired a new position in shares of Monolithic Power Systems in the fourth quarter valued at $1,183,000. TrinityPoint Wealth LLC raised its stake in shares of Monolithic Power Systems by 5.6% in the fourth quarter. TrinityPoint Wealth LLC now owns 513 shares of the semiconductor company's stock valued at $303,000 after purchasing an additional 27 shares in the last quarter. Siemens Fonds Invest GmbH raised its stake in shares of Monolithic Power Systems by 18,567.3% in the fourth quarter. Siemens Fonds Invest GmbH now owns 200,487 shares of the semiconductor company's stock valued at $118,628,000 after purchasing an additional 199,413 shares in the last quarter. Finally, Shell Asset Management Co. raised its stake in shares of Monolithic Power Systems by 1,101.2% in the fourth quarter. Shell Asset Management Co. now owns 5,213 shares of the semiconductor company's stock valued at $3,085,000 after purchasing an additional 4,779 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Down 3.1%

NASDAQ:MPWR traded down $21.40 during mid-day trading on Friday, reaching $659.32. 101,438 shares of the company were exchanged, compared to its average volume of 791,567. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64. The company has a fifty day moving average of $599.16 and a 200 day moving average of $611.76. The stock has a market cap of $31.57 billion, a PE ratio of 17.92, a PEG ratio of 2.60 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) 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 analysts' expectations of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The firm's quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.81 earnings per share. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $650.00, for a total value of $65,000.00. Following the completion of the transaction, the director now owns 776 shares in the company, valued at approximately $504,400. This represents a 11.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,200 shares of company stock worth $8,546,800 over the last 90 days. Insiders own 3.40% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. TD Cowen increased their price objective on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Citigroup increased their price objective on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Raymond James restated an "outperform" rating and issued a $720.00 price objective (down previously from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Stifel Nicolaus dropped their price objective on shares of 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. Finally, Oppenheimer restated an "outperform" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of "Moderate Buy" and a consensus target price of $779.83.

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.