Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,410 shares of the semiconductor company's stock after purchasing an additional 500 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Monolithic Power Systems were worth $3,201,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MPWR. Vanguard Group Inc. increased its stake in shares of 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 worth $3,446,223,000 after acquiring an additional 74,046 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Monolithic Power Systems by 16.3% during 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 during the last quarter. Geode Capital Management LLC boosted its position in shares of 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 worth $807,158,000 after purchasing an additional 31,295 shares in the last quarter. Invesco Ltd. grew its stake in shares of Monolithic Power Systems by 7.5% in the 4th quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock worth $687,841,000 after buying an additional 81,412 shares during the last quarter. Finally, Norges Bank bought a new position in Monolithic Power Systems during the 4th quarter valued at approximately $493,807,000. Institutional investors own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MPWR. KeyCorp reduced their target price on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Wells Fargo & Company dropped their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a report on Friday, March 21st. Rosenblatt Securities reiterated a "neutral" rating and set a $644.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Finally, Stifel Nicolaus dropped their price target on 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. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, Monolithic Power Systems has an average rating of "Moderate Buy" and an average target price of $779.83.

Insider Transactions at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction on Thursday, May 8th. The stock was 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 directly owns 776 shares in the company, valued at approximately $504,400. This trade represents a 11.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.70% of the company's stock.

Monolithic Power Systems Trading Down 0.3 %

MPWR stock traded down $1.72 during midday trading on Friday, reaching $638.21. The stock had a trading volume of 639,247 shares, compared to its average volume of 782,516. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64. The company has a market cap of $30.56 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. The company's fifty day simple moving average is $572.75 and its 200 day simple moving average is $623.60.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. The company had revenue of $637.55 million for the quarter, compared to analysts' expectations 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 company posted $2.81 earnings per share. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

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.