Geneva Capital Management LLC Has $15.07 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Geneva Capital Management LLC boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 65.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,891 shares of the semiconductor company's stock after buying an additional 9,472 shares during the quarter. Geneva Capital Management LLC's holdings in Monolithic Power Systems were worth $15,070,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MPWR. Massmutual Trust Co. FSB ADV grew its position in shares of Monolithic Power Systems by 12.3% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 182 shares of the semiconductor company's stock worth $115,000 after buying an additional 20 shares during the period. Greenleaf Trust grew its position in shares of Monolithic Power Systems by 2.2% during the 4th quarter. Greenleaf Trust now owns 957 shares of the semiconductor company's stock worth $604,000 after buying an additional 21 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in shares of Monolithic Power Systems by 1.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,188 shares of the semiconductor company's stock worth $749,000 after buying an additional 21 shares during the period. Alliance Wealth Advisors LLC UT grew its position in shares of Monolithic Power Systems by 3.0% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 760 shares of the semiconductor company's stock worth $479,000 after buying an additional 22 shares during the period. Finally, Arlington Trust Co LLC grew its position in shares of Monolithic Power Systems by 56.1% during the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company's stock worth $40,000 after buying an additional 23 shares during the period. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock traded down $5.48 during trading on Friday, reaching $702.54. 432,010 shares of the company were exchanged, compared to its average volume of 545,186. Monolithic Power Systems, Inc. has a 52-week low of $392.10 and a 52-week high of $778.15. The company has a market capitalization of $34.19 billion, a P/E ratio of 83.74, a PEG ratio of 3.79 and a beta of 1.22. The stock's 50 day simple moving average is $677.86 and its two-hundred day simple moving average is $624.75.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing analysts' consensus estimates of $2.21 by ($0.17). Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. The firm had revenue of $454.01 million during the quarter, compared to analyst estimates of $452.13 million. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 10.03 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on MPWR shares. KeyCorp lifted their price target on shares of Monolithic Power Systems to $850.00 and gave the company an "overweight" rating in a research report on Monday, April 8th. Wells Fargo & Company increased their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the company an "overweight" rating in a research note on Thursday, May 2nd. Needham & Company LLC reissued a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Thursday, May 2nd. Oppenheimer increased their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the company an "outperform" rating in a research report on Friday, February 2nd. Finally, Truist Financial lifted their price objective on Monolithic Power Systems from $789.00 to $799.00 and gave the company a "buy" rating in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $743.78.

Insider Activity

In other Monolithic Power Systems news, CEO Michael Hsing sold 2,824 shares of the company's stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $690.00, for a total transaction of $1,948,560.00. Following the completion of the sale, the chief executive officer now directly owns 888,408 shares of the company's stock, valued at approximately $613,001,520. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $750.57, for a total transaction of $150,114.00. Following the transaction, the director now owns 6,269 shares of the company's stock, valued at approximately $4,705,323.33. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Hsing sold 2,824 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $690.00, for a total value of $1,948,560.00. Following the completion of the transaction, the chief executive officer now directly owns 888,408 shares in the company, valued at $613,001,520. The disclosure for this sale can be found here. In the last three months, insiders sold 45,130 shares of company stock valued at $31,066,617. Insiders own 3.20% of the company's stock.

Monolithic Power Systems 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.