LMR Partners LLP Makes New $7.01 Million Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

LMR Partners LLP bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 11,848 shares of the semiconductor company's stock, valued at approximately $7,010,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MPWR. Avantax Advisory Services Inc. grew its stake in Monolithic Power Systems by 0.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock valued at $1,893,000 after purchasing an additional 14 shares in the last quarter. WP Advisors LLC grew its stake in Monolithic Power Systems by 3.2% in the 4th quarter. WP Advisors LLC now owns 522 shares of the semiconductor company's stock valued at $309,000 after buying an additional 16 shares during the last quarter. Allworth Financial LP increased its stake in shares of Monolithic Power Systems by 11.5% during the fourth quarter. Allworth Financial LP now owns 155 shares of the semiconductor company's stock worth $92,000 after purchasing an additional 16 shares during the period. Keybank National Association OH grew its holdings in Monolithic Power Systems by 1.2% in the 4th quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company's stock valued at $1,079,000 after buying an additional 22 shares in the last quarter. Finally, Truvestments Capital LLC increased its position in Monolithic Power Systems by 5.0% during the 4th quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company's stock worth $273,000 after buying an additional 22 shares during the period. 93.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MPWR has been the topic of several research reports. Oppenheimer restated an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, March 21st. Rosenblatt Securities restated a "neutral" rating and set a $644.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. TD Cowen raised their target price 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. Stifel Nicolaus dropped their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Needham & Company LLC reissued a "buy" rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Monolithic Power Systems presently has an average rating of "Moderate Buy" and a consensus price target of $779.83.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the company'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 directly owns 4,015 shares in the company, valued at $2,814,515. This represents a 74.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction that occurred 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 represents a 11.42% 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 worth $8,546,800 in the last quarter. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR traded up $5.08 during midday trading on Friday, reaching $715.40. The company's stock had a trading volume of 361,984 shares, compared to its average volume of 789,998. The stock has a market capitalization of $34.25 billion, a P/E ratio of 19.46, a PEG ratio of 2.60 and a beta of 1.18. The firm has a 50 day moving average price of $586.35 and a 200-day moving average price of $617.38. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64.

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, beating the consensus estimate of $4.00 by $0.04. The business had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Monolithic Power Systems's revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.81 earnings per share. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

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.