Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Ethic Inc.

Ethic Inc. increased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 55.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,274 shares of the semiconductor company’s stock after acquiring an additional 1,524 shares during the quarter. Ethic Inc.’s holdings in Monolithic Power Systems were worth $2,529,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ensign Peak Advisors Inc grew its position in shares of Monolithic Power Systems by 121.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 337,078 shares of the semiconductor company’s stock valued at $199,449,000 after purchasing an additional 185,002 shares in the last quarter. Fiduciary Trust Co purchased a new stake in Monolithic Power Systems in the 4th quarter valued at $305,000. FORA Capital LLC acquired a new stake in shares of Monolithic Power Systems in the 4th quarter worth $404,000. Fred Alger Management LLC raised its holdings in shares of Monolithic Power Systems by 14.8% during the 4th quarter. Fred Alger Management LLC now owns 17,393 shares of the semiconductor company’s stock worth $10,313,000 after acquiring an additional 2,241 shares during the period. Finally, Frontier Capital Management Co. LLC boosted its position in shares of Monolithic Power Systems by 4.7% during the 4th quarter. Frontier Capital Management Co. LLC now owns 149,453 shares of the semiconductor company’s stock valued at $88,431,000 after acquiring an additional 6,737 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on MPWR shares. Wells Fargo & Company reduced their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research note on Friday, March 21st. Raymond James reissued an “outperform” rating and set a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Oppenheimer reiterated an “outperform” rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. KeyCorp reduced their price objective on shares of Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $644.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus price target of $779.83.

Insider Transactions at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the firm’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following the sale, the director now owns 776 shares of the company’s stock, valued at approximately $504,400. This trade represents a 11.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Trading Down 0.3%

NASDAQ:MPWR opened at $638.21 on Monday. The firm has a market cap of $30.56 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. The stock has a fifty day moving average price of $572.75 and a 200 day moving average price of $619.85. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. During the same period in the previous year, the company posted $2.81 earnings per share. The business’s revenue for the quarter was up 39.2% on a year-over-year basis. Equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

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.