Sapient Capital LLC lessened its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,564 shares of the semiconductor company’s stock after selling 467 shares during the period. Sapient Capital LLC’s holdings in Monolithic Power Systems were worth $32,871,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in MPWR. North Dakota State Investment Board bought a new position in Monolithic Power Systems during the fourth quarter worth about $1,437,000. Elyxium Wealth LLC bought a new position in Monolithic Power Systems during the fourth quarter worth about $104,000. iA Global Asset Management Inc. lifted its stake in Monolithic Power Systems by 892.7% during the fourth quarter. iA Global Asset Management Inc. now owns 5,956 shares of the semiconductor company’s stock worth $5,398,000 after purchasing an additional 5,356 shares during the period. May Hill Capital LLC bought a new position in Monolithic Power Systems during the fourth quarter worth about $401,000. Finally, Beese Fulmer Investment Management Inc. bought a new position in Monolithic Power Systems during the fourth quarter worth about $270,000. Institutional investors own 93.46% of the company’s stock.
Monolithic Power Systems Stock Performance
NASDAQ MPWR opened at $1,550.02 on Monday. The firm has a market cap of $76.15 billion, a price-to-earnings ratio of 111.75, a PEG ratio of 2.77 and a beta of 1.74. The company has a 50 day moving average of $1,308.82 and a 200-day moving average of $1,123.62. Monolithic Power Systems, Inc. has a 1-year low of $643.36 and a 1-year high of $1,675.42.
Wall Street Analyst Weigh In
A number of research analysts have commented on MPWR shares. Raymond James Financial restated an “outperform” rating and set a $1,800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Weiss Ratings upgraded shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. TD Cowen raised their price target 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. Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company raised their price target 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 investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.
Read Our Latest Stock Analysis on MPWR
Insider Activity at Monolithic Power Systems
In other news, EVP Deming Xiao sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the completion of the sale, the executive vice president owned 205,959 shares of the company’s stock, valued at approximately $340,769,463.45. This trade represents a 12.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Eugen J. Elmiger sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the sale, the director directly owned 5,402 shares of the company’s stock, valued at approximately $8,561,953.92. The trade was a 68.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 87,992 shares of company stock valued at $120,484,010. 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.
Featured Articles
- Five stocks we like better than Monolithic Power Systems
- Robinhood, SoFi, and Webull Are Telling Very Different Stories
- As Broadcom Eclipses $2 Trillion, Private Credit Giants Wants In
- Target the Red-Hot Spin-Off and Merger Space With These ETFs
- Samsung Joins the $1 Trillion Club as AI Memory Demand Explodes
Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report).
Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.
