Polymer Capital Management HK LTD purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) in the fourth quarter, Holdings Channel.com reports. The fund purchased 3,222 shares of the semiconductor company’s stock, valued at approximately $2,920,000.
A number of other institutional investors and hedge funds have also bought and sold shares of MPWR. Norges Bank purchased a new stake in Monolithic Power Systems in the 4th quarter valued at $658,656,000. SG Americas Securities LLC raised its position in Monolithic Power Systems by 77,483.1% in the 4th quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock valued at $237,676,000 after buying an additional 261,893 shares during the last quarter. First Trust Advisors LP raised its position in Monolithic Power Systems by 66.4% in the 3rd quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock valued at $412,263,000 after buying an additional 178,622 shares during the last quarter. Rafferty Asset Management LLC raised its position in Monolithic Power Systems by 36.1% in the 2nd quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock valued at $386,991,000 after buying an additional 140,269 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Monolithic Power Systems by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after buying an additional 134,087 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.
Monolithic Power Systems Price Performance
Shares of NASDAQ:MPWR opened at $1,577.32 on Friday. The company has a market capitalization of $77.49 billion, a PE ratio of 113.72, a price-to-earnings-growth ratio of 2.84 and a beta of 1.69. The business has a fifty day moving average price of $1,510.26 and a two-hundred day moving average price of $1,208.07. Monolithic Power Systems, Inc. has a 1 year low of $150.68 and a 1 year high of $1,714.09.
Wall Street Analyst Weigh In
MPWR has been the subject of a number of analyst reports. TD Cowen increased their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Truist Financial set a $1,805.00 price objective on Monolithic Power Systems in a research note on Friday, May 1st. Raymond James Financial restated an “outperform” rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Zacks Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus target price of $1,599.17.
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Insider Activity at Monolithic Power Systems
In other news, Director Jeff Zhou sold 1,014 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,587.06, for a total transaction of $1,609,278.84. Following the completion of the transaction, the director owned 4,786 shares in the company, valued at approximately $7,595,669.16. This represents a 17.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Saria Tseng sold 25,674 shares of the stock in a transaction on Monday, March 30th. The stock was sold at an average price of $1,010.50, for a total value of $25,943,577.00. Following the transaction, the executive vice president owned 174,982 shares of the company’s stock, valued at $176,819,311. The trade was a 12.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 113,073 shares of company stock worth $160,875,958 in the last three months. Corporate insiders own 3.40% of the company’s stock.
Monolithic Power Systems Profile
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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