MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 91.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,134 shares of the semiconductor company's stock after buying an additional 8,183 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Monolithic Power Systems were worth $10,269,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MPWR. Norges Bank purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $493,807,000. Van ECK Associates Corp grew its position 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 valued at $459,174,000 after purchasing an additional 328,203 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $140,795,000. Price T Rowe Associates Inc. MD grew its position 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 valued at $904,297,000 after purchasing an additional 214,395 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $113,547,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR traded down $2.22 during mid-day trading on Tuesday, hitting $700.17. The company had a trading volume of 420,922 shares, compared to its average volume of 791,101. The company has a market capitalization of $33.52 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The business's 50-day simple moving average is $591.32 and its 200 day simple moving average is $614.47.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (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 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 company's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period last year, the firm earned $2.81 earnings per share. On average, analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the transaction, the executive vice president now owns 4,015 shares of the company's stock, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $650.00, for a total value of $65,000.00. Following 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 disclosure for this sale can be found here. Insiders have sold 12,200 shares of company stock valued at $8,546,800 over the last quarter. 3.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MPWR. Stifel Nicolaus decreased their price objective 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. Raymond James reiterated an "outperform" rating and issued a $720.00 price objective (down from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. KeyCorp decreased their price objective on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Oppenheimer reiterated an "outperform" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, March 21st. Finally, TD Cowen upped their price target on Monolithic Power Systems from $600.00 to $675.00 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 company. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of "Moderate Buy" and a consensus target price 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.