Meridiem Capital Partners LP Makes New Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Meridiem Capital Partners LP purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,153 shares of the semiconductor company's stock, valued at approximately $10,149,000.

Other hedge funds have also bought and sold shares of the company. Barclays PLC boosted its position in shares of Monolithic Power Systems by 5.0% during the 3rd quarter. Barclays PLC now owns 322,115 shares of the semiconductor company's stock worth $297,799,000 after acquiring an additional 15,350 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Monolithic Power Systems by 10.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,509 shares of the semiconductor company's stock valued at $2,076,000 after purchasing an additional 329 shares in the last quarter. Graypoint LLC increased its stake in shares of Monolithic Power Systems by 7.2% in the 4th quarter. Graypoint LLC now owns 432 shares of the semiconductor company's stock valued at $256,000 after purchasing an additional 29 shares during the last quarter. Czech National Bank raised its holdings in shares of Monolithic Power Systems by 6.6% during the 4th quarter. Czech National Bank now owns 10,583 shares of the semiconductor company's stock worth $6,262,000 after buying an additional 652 shares in the last quarter. Finally, Paragon Advisors LLC lifted its position in shares of Monolithic Power Systems by 140.6% during the 4th quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company's stock worth $3,034,000 after buying an additional 2,997 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the company's 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 owns 776 shares in the company, valued at $504,400. This represents a 11.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction on 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 sale, the executive vice president now owns 4,015 shares in the company, 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. In the last three months, insiders have sold 12,200 shares of company stock worth $8,546,800. Corporate insiders own 3.70% of the company's stock.

Monolithic Power Systems Stock Up 0.7%

MPWR stock traded up $5.08 during midday trading on Friday, reaching $715.40. 361,984 shares of the company's stock traded hands, compared to its average volume of 791,564. 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 $34.25 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 2.60 and a beta of 1.18. The firm's fifty day moving average price is $586.35 and its 200-day moving average price is $617.38.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, topping analysts' consensus estimates of $4.00 by $0.04. The company 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%. The firm's revenue 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. Analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of recent research reports. Wells Fargo & Company cut their price target on 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. Loop Capital lifted their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report 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. TD Cowen raised their target price on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Stifel Nicolaus cut their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $779.83.

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.