Polar Asset Management Partners Inc. Takes Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Polar Asset Management Partners Inc. purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 20,000 shares of the semiconductor company's stock, valued at approximately $11,834,000.

A number of other institutional investors also recently modified their holdings of MPWR. Norges Bank bought a new stake in shares of Monolithic Power Systems during the fourth quarter worth $493,807,000. Van ECK Associates Corp grew its position in shares of Monolithic Power Systems by 73.3% in the 4th quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company's stock valued at $459,174,000 after buying an additional 328,203 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Monolithic Power Systems in the fourth quarter worth approximately $140,795,000. Price T Rowe Associates Inc. MD lifted its position in shares of Monolithic Power Systems by 16.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock worth $904,297,000 after purchasing an additional 214,395 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth $113,547,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the sale, the executive vice president now directly owns 4,015 shares of the company's stock, valued at $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,200 shares of company stock valued at $8,546,800. Company insiders own 3.40% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Raymond James restated an "outperform" rating and issued a $720.00 price target (down from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. TD Cowen lifted their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Stifel Nicolaus lowered their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company cut their target price on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research report on Friday, March 21st. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $644.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of "Moderate Buy" and a consensus price target of $779.83.

Monolithic Power Systems Stock Down 0.4%

Monolithic Power Systems stock traded down $3.14 during mid-day trading on Tuesday, reaching $699.26. 86,394 shares of the company's stock were exchanged, compared to its average volume of 789,806. The firm has a market capitalization of $33.48 billion, a PE ratio of 19.05, a P/E/G ratio of 2.60 and a beta of 1.18. The business's fifty day simple moving average is $588.74 and its 200 day simple moving average is $613.88. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping analysts' consensus estimates of $4.00 by $0.04. The company had revenue of $637.55 million for the quarter, compared to analysts' expectations of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The business's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.81 EPS. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

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.