Ethic Inc. Has $2.53 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Ethic Inc. raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 55.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,274 shares of the semiconductor company's stock after buying an additional 1,524 shares during the quarter. Ethic Inc.'s holdings in Monolithic Power Systems were worth $2,529,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Ensign Peak Advisors Inc boosted its position in shares of Monolithic Power Systems by 121.7% during the 4th quarter. Ensign Peak Advisors Inc now owns 337,078 shares of the semiconductor company's stock worth $199,449,000 after purchasing an additional 185,002 shares in the last quarter. Fiduciary Trust Co purchased a new position in Monolithic Power Systems in the 4th quarter valued at about $305,000. FORA Capital LLC acquired a new position in shares of Monolithic Power Systems during the 4th quarter valued at about $404,000. Fred Alger Management LLC increased its stake in shares of Monolithic Power Systems by 14.8% during the 4th quarter. Fred Alger Management LLC now owns 17,393 shares of the semiconductor company's stock valued at $10,313,000 after acquiring an additional 2,241 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its stake in shares of Monolithic Power Systems by 4.7% during the 4th quarter. Frontier Capital Management Co. LLC now owns 149,453 shares of the semiconductor company's stock valued at $88,431,000 after acquiring an additional 6,737 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MPWR. Oppenheimer reissued an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, March 21st. Loop Capital increased their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Rosenblatt Securities reiterated a "neutral" rating and set a $644.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Wells Fargo & Company reduced their price objective 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. Finally, KeyCorp cut their target price on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $779.83.

Monolithic Power Systems Price Performance

Shares of MPWR traded up $5.08 on Friday, reaching $715.40. 361,984 shares of the stock traded hands, compared to its average volume of 793,703. The firm 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. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64. The stock's 50-day moving average price is $586.35 and its 200-day moving average price is $615.28.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping 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 company had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. During the same quarter in the previous year, the firm earned $2.81 earnings per share. The business's revenue was up 39.2% on a year-over-year basis. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction that occurred 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 of the company's stock, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $698.00, for a total value of $69,800.00. Following the completion of the transaction, the director now owns 676 shares of the company's stock, valued at approximately $471,848. This represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,200 shares of company stock valued at $8,546,800. 3.70% of the stock is currently owned by company insiders.

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.