Ensign Peak Advisors Inc Grows Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Ensign Peak Advisors Inc lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 121.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 337,078 shares of the semiconductor company's stock after acquiring an additional 185,002 shares during the period. Ensign Peak Advisors Inc owned approximately 0.69% of Monolithic Power Systems worth $199,449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MPWR. Tradewinds Capital Management LLC increased its position in Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 24 shares during the period. OFI Invest Asset Management acquired a new position in Monolithic Power Systems in the 4th quarter valued at approximately $27,000. Itau Unibanco Holding S.A. increased its position in Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 51 shares during the period. Golden State Wealth Management LLC acquired a new position in Monolithic Power Systems in the 4th quarter valued at approximately $39,000. Finally, AlphaQuest LLC acquired a new position in Monolithic Power Systems in the 4th quarter valued at approximately $41,000. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR traded down $1.72 during mid-day trading on Friday, hitting $638.21. The stock had a trading volume of 639,247 shares, compared to its average volume of 783,924. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The business has a 50 day moving average price of $572.75 and a two-hundred day moving average price of $619.85. The firm has a market cap of $30.56 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18.

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

Analyst Ratings Changes

A number of research firms recently commented on MPWR. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $644.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Stifel Nicolaus cut their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Oppenheimer reaffirmed an "outperform" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, March 21st. Loop Capital increased their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, TD Cowen increased 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 given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $779.83.

Insider Buying and Selling at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following the sale, the director now directly owns 776 shares of the company's stock, valued at $504,400. This trade represents a 11.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.70% of the company's stock.

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.