GLOBALT Investments LLC GA Invests $1.51 Million in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

GLOBALT Investments LLC GA acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,391 shares of the semiconductor company’s stock, valued at approximately $1,508,000.

Several other hedge funds also recently made changes to their positions in the business. Polen Capital Management LLC grew its stake in shares of Monolithic Power Systems by 62.2% in the 4th quarter. Polen Capital Management LLC now owns 4,038 shares of the semiconductor company’s stock worth $2,547,000 after purchasing an additional 1,549 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $1,497,000. Bridgefront Capital LLC grew its stake in shares of Monolithic Power Systems by 81.8% in the 4th quarter. Bridgefront Capital LLC now owns 798 shares of the semiconductor company’s stock worth $503,000 after purchasing an additional 359 shares during the last quarter. Frontier Capital Management Co. LLC grew its stake in shares of Monolithic Power Systems by 8.4% in the 4th quarter. Frontier Capital Management Co. LLC now owns 196,025 shares of the semiconductor company’s stock worth $123,648,000 after purchasing an additional 15,263 shares during the last quarter. Finally, Nebula Research & Development LLC increased its position in shares of Monolithic Power Systems by 56.6% in the fourth quarter. Nebula Research & Development LLC now owns 2,476 shares of the semiconductor company’s stock worth $1,562,000 after acquiring an additional 895 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. KeyCorp lifted their target price on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Oppenheimer lifted their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday. Wells Fargo & Company lifted their target price on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Truist Financial lifted their target price on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average target price of $766.00.

Monolithic Power Systems Stock Down 1.3 %

NASDAQ MPWR opened at $806.57 on Friday. The stock has a market capitalization of $39.26 billion, a PE ratio of 96.13, a price-to-earnings-growth ratio of 4.22 and a beta of 1.13. The company has a 50 day moving average price of $711.08 and a two-hundred day moving average price of $670.25. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $822.48.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. The firm had revenue of $457.89 million during the quarter, compared to analysts’ expectations of $447.76 million. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.03 EPS for the current year.

Insider Transactions at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 200 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $735.00, for a total value of $147,000.00. Following the completion of the sale, the director now directly owns 941 shares in the company, valued at $691,635. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Kuo Wei Herbert Chang sold 200 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $735.00, for a total value of $147,000.00. Following the completion of the sale, the director now directly owns 941 shares in the company, valued at $691,635. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the transaction, the executive vice president now directly owns 130,744 shares in the company, valued at approximately $89,145,181.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,046 shares of company stock worth $31,842,373. 3.20% of the stock is owned by insiders.

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.