Frontier Capital Management Co. LLC Raises Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Frontier Capital Management Co. LLC lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,453 shares of the semiconductor company's stock after purchasing an additional 6,737 shares during the quarter. Monolithic Power Systems accounts for about 0.8% of Frontier Capital Management Co. LLC's portfolio, making the stock its 22nd biggest position. Frontier Capital Management Co. LLC owned about 0.31% of Monolithic Power Systems worth $88,431,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Tradewinds Capital Management LLC lifted its stake 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 in the last quarter. OFI Invest Asset Management acquired a new stake in Monolithic Power Systems during the 4th quarter valued at $27,000. Itau Unibanco Holding S.A. boosted its holdings in shares of 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 buying an additional 51 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Monolithic Power Systems during the fourth quarter worth approximately $39,000. Finally, AlphaQuest LLC bought a new stake in Monolithic Power Systems in the 4th quarter valued at $41,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MPWR. TD Cowen increased their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Rosenblatt Securities reaffirmed a "neutral" rating and set a $644.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. KeyCorp lowered their target price on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Loop Capital lifted their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, Citigroup upped their target price on Monolithic Power Systems from $615.00 to $700.00 and gave the company 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 company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $779.83.

Insider Activity

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the company's 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 transaction, the director now owns 776 shares of the company's stock, valued at $504,400. This represents a 11.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.70% of the company's stock.

Monolithic Power Systems Stock Down 0.3 %

MPWR stock traded down $1.72 during mid-day trading on Friday, reaching $638.21. 639,247 shares of the company traded hands, compared to its average volume of 783,924. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The firm's 50 day moving average price is $572.75 and its 200 day moving average price is $621.79. The stock has a market cap of $30.56 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 2.60 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $637.55 million for the quarter, compared to analysts' expectations of $633.43 million. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The firm's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.81 earnings per share. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

About Monolithic Power Systems

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.