Norges Bank Takes Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Norges Bank acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 574,649 shares of the semiconductor company's stock, valued at approximately $362,477,000. Norges Bank owned about 1.18% of Monolithic Power Systems at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MPWR. Vanguard Group Inc. lifted its stake in Monolithic Power Systems by 2.4% in the 3rd 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 in the last quarter. FMR LLC lifted its stake in Monolithic Power Systems by 35.0% in the 3rd 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 in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Monolithic Power Systems by 0.3% in the 4th 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 in the last quarter. Brown Advisory Inc. lifted its stake in Monolithic Power Systems by 4.4% in the 4th quarter. Brown Advisory Inc. now owns 1,028,467 shares of the semiconductor company's stock worth $648,736,000 after purchasing an additional 43,225 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Monolithic Power Systems by 0.9% in the 3rd 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 in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of research reports. TD Cowen raised their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an "outperform" rating in a research note 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 research report on Thursday, May 2nd. Oppenheimer lifted their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an "outperform" rating in a research report on Friday, February 2nd. Truist Financial lifted their price target on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a "buy" rating in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an "overweight" rating in a research 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $743.78.

Insider Buying and Selling at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 250 shares of the company's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $750.00, for a total transaction of $187,500.00. Following the sale, the director now owns 1,391 shares of the company's stock, valued at $1,043,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Saria Tseng sold 869 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $690.02, for a total value of $599,627.38. Following the transaction, the executive vice president now owns 203,521 shares of the company's stock, valued at $140,433,560.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kuo Wei Herbert Chang sold 250 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $750.00, for a total value of $187,500.00. Following the completion of the transaction, the director now directly owns 1,391 shares in the company, valued at approximately $1,043,250. The disclosure for this sale can be found here. Insiders have sold a total of 45,130 shares of company stock valued at $31,063,503 over the last quarter. 3.20% of the stock is owned by company insiders.

Monolithic Power Systems Stock Up 0.1 %

NASDAQ MPWR traded up $0.86 on Tuesday, reaching $756.74. The stock had a trading volume of 322,305 shares, compared to its average volume of 528,613. The firm has a market capitalization of $36.84 billion, a price-to-earnings ratio of 90.20, a P/E/G ratio of 3.77 and a beta of 1.22. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $778.15. The stock has a fifty day moving average price of $677.63 and a two-hundred day moving average price of $642.24.

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.