682 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Purchased by FORA Capital LLC

FORA Capital LLC acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 682 shares of the semiconductor company's stock, valued at approximately $404,000.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted 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 buying an additional 74,046 shares during the period. Price T Rowe Associates Inc. MD boosted its position in 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 boosted its position in Monolithic Power Systems by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock valued at $807,158,000 after buying an additional 31,295 shares during the period. Invesco Ltd. boosted its position in Monolithic Power Systems by 7.5% in the 4th quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock valued at $687,841,000 after buying an additional 81,412 shares during the period. Finally, Brown Advisory Inc. raised its holdings in shares of Monolithic Power Systems by 0.5% in the 4th 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. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MPWR shares. KeyCorp reduced their price target on shares of Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. 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 research note on Friday, May 2nd. Loop Capital boosted 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 note on Friday, February 7th. Citigroup boosted their price objective on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Oppenheimer reiterated an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and an average price target of $779.83.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock traded down $3.45 during mid-day trading on Wednesday, reaching $734.28. 589,486 shares of the company traded hands, compared to its average volume of 790,142. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The company has a market capitalization of $35.16 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. The firm's fifty day moving average is $580.88 and its two-hundred day moving average is $620.13.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly 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 business had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. Monolithic Power Systems's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.81 EPS. As a group, equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Insider Activity

In other news, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $650.00, for a total transaction of $65,000.00. Following the completion of the sale, the director now directly owns 776 shares in the company, valued at $504,400. This trade represents a 11.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,200 shares of company stock valued at $8,546,800 in the last ninety days. Insiders own 3.70% of the company's stock.

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.