Thrivent Financial for Lutherans increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 631.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 111,749 shares of the semiconductor company’s stock after buying an additional 96,469 shares during the period. Thrivent Financial for Lutherans’ holdings in Monolithic Power Systems were worth $101,299,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of MPWR. Brighton Jones LLC increased its holdings in Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after buying an additional 200 shares during the period. Empowered Funds LLC increased its holdings in Monolithic Power Systems by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after buying an additional 161 shares during the period. NewEdge Advisors LLC increased its holdings in Monolithic Power Systems by 3.5% in the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock worth $6,863,000 after buying an additional 314 shares during the period. Treasurer of the State of North Carolina increased its holdings in Monolithic Power Systems by 35.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock worth $26,175,000 after buying an additional 9,315 shares during the period. Finally, Globeflex Capital L P acquired a new position in Monolithic Power Systems in the 2nd quarter worth approximately $347,000. Institutional investors and hedge funds own 93.46% of the company’s stock.
Monolithic Power Systems Price Performance
Shares of NASDAQ:MPWR opened at $1,613.97 on Friday. The business’s 50 day moving average price is $1,299.80 and its 200-day moving average price is $1,120.49. The firm has a market capitalization of $79.29 billion, a price-to-earnings ratio of 116.36, a price-to-earnings-growth ratio of 2.95 and a beta of 1.74. Monolithic Power Systems, Inc. has a 1 year low of $643.36 and a 1 year high of $1,675.42.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. TD Cowen raised their price objective on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. KeyCorp raised their price objective on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,599.17.
Get Our Latest Research Report on MPWR
Insider Buying and Selling
In other Monolithic Power Systems news, EVP Maurice Sciammas sold 380 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,583.81, for a total value of $601,847.80. Following the transaction, the executive vice president owned 919 shares in the company, valued at approximately $1,455,521.39. This trade represents a 29.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeff Zhou sold 1,014 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,587.06, for a total value of $1,609,278.84. Following the completion of the transaction, the director owned 4,786 shares in the company, valued at $7,595,669.16. The trade was a 17.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 87,992 shares of company stock worth $120,484,010 in the last ninety days. Company insiders own 3.40% of the company’s stock.
About Monolithic Power Systems
Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.
MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.
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