Thornburg Investment Management Inc. Has $5.22 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Thornburg Investment Management Inc. decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 13.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 8,280 shares of the semiconductor company's stock after selling 1,256 shares during the period. Thornburg Investment Management Inc.'s holdings in Monolithic Power Systems were worth $5,223,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in Monolithic Power Systems by 2.4% during the third quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company's stock worth $2,482,546,000 after purchasing an additional 123,946 shares during the last quarter. FMR LLC increased its position in Monolithic Power Systems by 35.0% during the third quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company's stock worth $1,655,717,000 after purchasing an additional 929,009 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Monolithic Power Systems by 0.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,056,183 shares of the semiconductor company's stock worth $666,219,000 after purchasing an additional 3,105 shares during the last quarter. Wellington Management Group LLP increased its position in Monolithic Power Systems by 0.9% during the third quarter. Wellington Management Group LLP now owns 853,243 shares of the semiconductor company's stock worth $394,198,000 after purchasing an additional 7,204 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in Monolithic Power Systems by 19.0% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 461,087 shares of the semiconductor company's stock worth $290,844,000 after purchasing an additional 73,564 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Trading Up 0.3 %

NASDAQ MPWR traded up $1.95 during trading hours on Friday, reaching $730.05. 258,860 shares of the company traded hands, compared to its average volume of 531,901. Monolithic Power Systems, Inc. has a 12 month low of $392.10 and a 12 month high of $778.15. The stock has a market capitalization of $35.54 billion, a PE ratio of 87.01, a PEG ratio of 3.83 and a beta of 1.22. The company has a 50 day moving average of $676.50 and a two-hundred day moving average of $635.76.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the transaction, the executive vice president now directly owns 130,744 shares in the company, valued at approximately $89,145,181.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Maurice Sciammas sold 11,000 shares of the firm's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $681.83, for a total value of $7,500,130.00. Following the transaction, the executive vice president now directly owns 130,744 shares in the company, valued at approximately $89,145,181.52. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kuo Wei Herbert Chang sold 250 shares of the firm's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $750.00, for a total transaction of $187,500.00. Following the completion of the transaction, the director now owns 1,391 shares in the company, valued at $1,043,250. The disclosure for this sale can be found here. Insiders have sold 45,130 shares of company stock worth $31,063,503 in the last ninety days. 3.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Oppenheimer increased their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. TD Cowen increased their price objective on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an "outperform" rating in a research report on Thursday, February 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Thursday, May 2nd. KeyCorp raised their price target on shares of Monolithic Power Systems to $850.00 and gave the company an "overweight" rating in a report on Monday, April 8th. Finally, Wells Fargo & Company raised their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an "overweight" rating in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Monolithic Power Systems has an average rating of "Moderate Buy" and an average target price of $743.78.

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.