Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Holdings Cut by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp cut its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 24.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,615 shares of the semiconductor company's stock after selling 1,150 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Monolithic Power Systems were worth $2,139,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in Monolithic Power Systems in the 4th quarter valued at about $493,807,000. Van ECK Associates Corp boosted its holdings in 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 during the last quarter. Raymond James Financial Inc. acquired a new stake in Monolithic Power Systems during the 4th quarter valued at approximately $140,795,000. Price T Rowe Associates Inc. MD increased its holdings in Monolithic Power Systems by 16.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock worth $904,297,000 after purchasing an additional 214,395 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in Monolithic Power Systems during the 4th quarter worth approximately $113,547,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MPWR. KeyCorp reduced their target price on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Citigroup lifted their price target on Monolithic Power Systems from $615.00 to $700.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Loop Capital upped their price objective 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. Finally, TD Cowen increased their target price 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 issued a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems presently has an average rating of "Moderate Buy" and a consensus target price of $779.83.

Monolithic Power Systems Stock Up 0.7%

MPWR stock traded up $5.08 during mid-day trading 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 one year low of $438.86 and a one year high of $959.64. The stock has a market capitalization of $34.25 billion, a P/E ratio of 19.46, a P/E/G ratio of 2.60 and a beta of 1.18. The stock's 50-day simple moving average is $586.35 and its two-hundred day simple moving average is $615.28.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.04. The firm had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. Monolithic Power Systems's quarterly revenue was up 39.2% compared to the same quarter last year. During the same period last year, the firm posted $2.81 EPS. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Insider Activity

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president now directly owns 4,015 shares in the company, valued at $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,200 shares of company stock valued at $8,546,800. Insiders own 3.40% 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.