Raiffeisen Bank International AG Invests $7.36 Million in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Raiffeisen Bank International AG bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 12,194 shares of the semiconductor company's stock, valued at approximately $7,361,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tradewinds Capital Management LLC lifted its position in Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management purchased a new position in Monolithic Power Systems during the fourth quarter valued at $27,000. Itau Unibanco Holding S.A. lifted its position in Monolithic Power Systems by 637.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 51 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Monolithic Power Systems during the fourth quarter valued at $39,000. Finally, AlphaQuest LLC purchased a new position in Monolithic Power Systems during the fourth quarter valued at $41,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MPWR shares. Needham & Company LLC reiterated a "buy" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Wells Fargo & Company lowered 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. TD Cowen raised their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Stifel Nicolaus decreased their price target on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, Oppenheimer reissued an "outperform" rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $779.83.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the completion of the transaction, the executive vice president now owns 4,015 shares in the company, 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 legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction dated 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 approximately $504,400. This represents a 11.42% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,200 shares of company stock valued at $8,546,800. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems Trading Down 3.3%

Shares of MPWR stock opened at $710.32 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64. The stock's 50-day moving average price is $583.45 and its 200-day moving average price is $618.88. The stock has a market capitalization of $34.01 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18.

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

Monolithic Power Systems Company 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.

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