BNP Paribas Financial Markets Raises Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

BNP Paribas Financial Markets raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 33.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 156,375 shares of the semiconductor company's stock after buying an additional 39,190 shares during the quarter. BNP Paribas Financial Markets owned 0.33% of Monolithic Power Systems worth $98,638,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC raised its holdings in shares of Monolithic Power Systems by 6.1% during the third quarter. Commonwealth Equity Services LLC now owns 2,851 shares of the semiconductor company's stock worth $1,317,000 after acquiring an additional 165 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Monolithic Power Systems by 1.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 15,723 shares of the semiconductor company's stock worth $7,264,000 after acquiring an additional 174 shares in the last quarter. Advisor Partners II LLC raised its holdings in shares of Monolithic Power Systems by 2.2% during the third quarter. Advisor Partners II LLC now owns 3,327 shares of the semiconductor company's stock worth $1,537,000 after acquiring an additional 73 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in shares of Monolithic Power Systems during the third quarter worth $1,576,000. Finally, ING Groep NV purchased a new stake in shares of Monolithic Power Systems during the third quarter worth $2,771,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity

In other news, Director Jeff Zhou sold 200 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $750.57, for a total value of $150,114.00. Following the completion of the transaction, the director now owns 6,269 shares in the company, valued at $4,705,323.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Theodore Blegen sold 2,500 shares of the business's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $725.76, for a total value of $1,814,400.00. Following the completion of the transaction, the chief financial officer now owns 80,723 shares in the company, valued at approximately $58,585,524.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeff Zhou sold 200 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director now owns 6,269 shares of the company's stock, valued at approximately $4,705,323.33. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,130 shares of company stock worth $31,066,617. Insiders own 3.20% of the company's stock.

Monolithic Power Systems Stock Performance

NASDAQ MPWR traded down $5.48 during trading on Friday, reaching $702.54. 432,029 shares of the company traded hands, compared to its average volume of 556,479. The stock's 50 day moving average price is $677.86 and its two-hundred day moving average price is $626.20. The company has a market cap of $34.20 billion, a price-to-earnings ratio of 83.74, a P/E/G ratio of 3.66 and a beta of 1.22. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) 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 the consensus estimate of $452.13 million. Equities research analysts expect that Monolithic Power Systems, Inc. will post 10.03 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.