Quantinno Capital Management LP Increases Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Quantinno Capital Management LP raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 38.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,589 shares of the semiconductor company's stock after purchasing an additional 2,927 shares during the quarter. Quantinno Capital Management LP's holdings in Monolithic Power Systems were worth $6,266,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MPWR. Vanguard Group Inc. grew its stake in shares of Monolithic Power Systems by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock valued at $3,446,223,000 after buying an additional 74,046 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings 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 valued at $904,297,000 after purchasing an additional 214,395 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Monolithic Power Systems by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock valued at $807,158,000 after purchasing an additional 31,295 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Monolithic Power Systems by 7.5% in the 4th quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock valued at $687,841,000 after acquiring an additional 81,412 shares during the period. Finally, Brown Advisory Inc. raised its holdings in shares of Monolithic Power Systems by 0.5% in the fourth quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock valued at $583,420,000 after buying an additional 5,274 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the transaction, the executive vice president now owns 4,015 shares of the company's stock, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction on Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the transaction, the director now owns 676 shares in the company, valued at approximately $471,848. This trade represents a 12.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,200 shares of company stock worth $8,546,800 in the last ninety days. Company insiders own 3.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. KeyCorp dropped their target price on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Citigroup upped their price target on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. TD Cowen raised their price objective on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Raymond James reaffirmed an "outperform" rating and set a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Finally, Loop Capital increased their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Monolithic Power Systems has a consensus rating of "Moderate Buy" and an average price target of $779.83.

Monolithic Power Systems Price Performance

NASDAQ MPWR traded down $2.22 during trading on Tuesday, reaching $700.17. 420,922 shares of the company's stock were exchanged, compared to its average volume of 792,587. The stock has a market capitalization of $33.52 billion, a P/E ratio of 19.04, a PEG ratio of 2.60 and a beta of 1.18. The business has a 50 day moving average price of $591.32 and a 200-day moving average price of $614.47. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week 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 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.04. The firm had revenue of $637.55 million during 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 company's quarterly revenue was up 39.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.81 earnings per share. On average, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current 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.