Man Group plc Raises Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Man Group plc raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 2,449.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,702 shares of the semiconductor company's stock after acquiring an additional 58,321 shares during the period. Man Group plc owned approximately 0.12% of Monolithic Power Systems worth $35,917,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC increased its position in Monolithic Power Systems by 120.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 24 shares during the period. OFI Invest Asset Management acquired a new position in Monolithic Power Systems during the 4th quarter worth approximately $27,000. Itau Unibanco Holding S.A. increased its position in Monolithic Power Systems by 637.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 51 shares during the period. Golden State Wealth Management LLC acquired a new position in Monolithic Power Systems during the 4th quarter worth approximately $39,000. Finally, AlphaQuest LLC acquired a new position in Monolithic Power Systems during the 4th quarter worth approximately $41,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the sale, the director now owns 676 shares of the company's stock, valued at approximately $471,848. This represents a 12.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the completion of the sale, the executive vice president now directly owns 4,015 shares in the company, valued at approximately $2,814,515. The trade was a 74.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,200 shares of company stock valued at $8,546,800. 3.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MPWR. Oppenheimer reiterated an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, March 21st. Citigroup boosted their target price on Monolithic Power Systems from $615.00 to $700.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Raymond James reiterated an "outperform" rating and set a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Stifel Nicolaus dropped their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. 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 report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $779.83.

Monolithic Power Systems Stock Performance

MPWR stock traded up $5.08 on Friday, reaching $715.40. The company had a trading volume of 361,984 shares, compared to its average volume of 793,703. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The company's fifty day moving average is $586.35 and its 200 day moving average is $615.28. The company has a market cap of $34.25 billion, a P/E ratio of 19.46, a PEG ratio of 2.60 and a beta of 1.18.

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