LRT Capital Management LLC Acquires New Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

LRT Capital Management LLC acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 982 shares of the semiconductor company's stock, valued at approximately $581,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Monolithic Power Systems during the fourth quarter valued at approximately $493,807,000. Van ECK Associates Corp grew its stake in shares of Monolithic Power Systems by 73.3% in the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company's stock worth $459,174,000 after acquiring an additional 328,203 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Monolithic Power Systems in the fourth quarter worth $140,795,000. Price T Rowe Associates Inc. MD grew its stake 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 worth $904,297,000 after acquiring an additional 214,395 shares during the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Monolithic Power Systems in the fourth quarter worth $113,547,000. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Trading Up 0.7%

Shares of Monolithic Power Systems stock traded up $5.08 during trading on Friday, reaching $715.40. The company's stock had a trading volume of 361,984 shares, compared to its average volume of 791,564. The stock has a 50-day moving average price of $586.35 and a two-hundred day moving average price of $617.38. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The stock has a market capitalization of $34.25 billion, a P/E ratio of 19.46, 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 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 during 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 revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.81 earnings per share. As a group, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following the completion of the transaction, the director now directly owns 776 shares in the company, valued at approximately $504,400. The trade was a 11.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the business'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 of the company's stock, valued at $2,814,515. The trade was 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 worth $8,546,800 over the last three months. 3.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. 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. Wells Fargo & Company decreased their price target on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Stifel Nicolaus decreased their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Rosenblatt Securities reiterated a "neutral" rating and set a $644.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, Citigroup lifted their price target 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. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $779.83.

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.