Harvest Fund Management Co. Ltd grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 51.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 13,546 shares of the semiconductor company’s stock after acquiring an additional 4,600 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Monolithic Power Systems were worth $12,277,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Monolithic Power Systems in the 4th quarter worth $658,656,000. SG Americas Securities LLC boosted its stake in shares of 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 worth $237,676,000 after buying an additional 261,893 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of 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 worth $412,263,000 after buying an additional 178,622 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in shares of 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 worth $386,991,000 after buying an additional 140,269 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of 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 worth $5,591,998,000 after buying an additional 134,087 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on MPWR shares. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Oppenheimer set a $1,700.00 price target 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 target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Zacks Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research report 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,599.17.
Monolithic Power Systems Price Performance
Shares of MPWR stock opened at $1,652.60 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $670.00 and a 1 year high of $1,714.09. The firm has a fifty day moving average price of $1,454.93 and a 200-day moving average price of $1,182.46. The company has a market cap of $81.19 billion, a price-to-earnings ratio of 119.15, a PEG ratio of 3.02 and a beta of 1.69.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. The firm had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.04 EPS. Equities research analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.
Insider Buying and Selling
In related news, EVP Saria Tseng sold 25,674 shares of the company’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $1,010.50, for a total value of $25,943,577.00. Following the completion of the transaction, the executive vice president owned 174,982 shares of the company’s stock, valued at approximately $176,819,311. This represents a 12.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeff Zhou sold 1,014 shares of the company’s 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 directly owned 4,786 shares of the company’s stock, valued at $7,595,669.16. This represents a 17.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 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 Company 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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