1,231 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Acquired by Numerai GP LLC

Numerai GP LLC bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,231 shares of the semiconductor company's stock, valued at approximately $728,000.

A number of other institutional investors also recently modified their holdings of the business. Meridiem Capital Partners LP bought a new stake in Monolithic Power Systems in the 4th quarter valued at about $10,149,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Monolithic Power Systems by 91.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,134 shares of the semiconductor company's stock worth $10,269,000 after buying an additional 8,183 shares in the last quarter. Lazard Asset Management LLC increased its stake in Monolithic Power Systems by 15.7% during the 4th quarter. Lazard Asset Management LLC now owns 39,835 shares of the semiconductor company's stock worth $23,569,000 after acquiring an additional 5,392 shares during the period. LMR Partners LLP acquired a new position in Monolithic Power Systems in the 4th quarter valued at $7,010,000. Finally, LRT Capital Management LLC bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at $581,000. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Trading Down 0.5%

NASDAQ MPWR traded down $3.82 during trading on Tuesday, reaching $698.57. 66,279 shares of the company's stock were exchanged, compared to its average volume of 789,716. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The company's fifty day simple moving average is $588.74 and its 200-day simple moving average is $613.88. The firm has a market capitalization of $33.45 billion, a PE ratio of 19.00, a P/E/G ratio of 2.60 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping the consensus estimate of $4.00 by $0.04. The business had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Monolithic Power Systems's revenue was up 39.2% on a year-over-year basis. During the same quarter last year, the company earned $2.81 EPS. Equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total value of $65,000.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the completion of the sale, the executive vice president now owns 4,015 shares of the company's stock, valued at $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,200 shares of company stock worth $8,546,800. Company insiders own 3.40% of the company's stock.

Analyst Ratings Changes

MPWR has been the topic of a number of recent analyst reports. Loop Capital lifted their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research report on Friday, February 7th. KeyCorp reduced their target price on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus lowered their price target on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. TD Cowen lifted their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company dropped their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $779.83.

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.