Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Bought by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 252.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,587 shares of the semiconductor company’s stock after purchasing an additional 1,854 shares during the quarter. Monolithic Power Systems comprises about 0.5% of Sherbrooke Park Advisers LLC’s holdings, making the stock its 10th largest holding. Sherbrooke Park Advisers LLC’s holdings in Monolithic Power Systems were worth $1,531,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Monolithic Power Systems in the fourth quarter valued at $493,807,000. Van ECK Associates Corp lifted its stake in shares of Monolithic Power Systems by 73.3% during the 4th quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock worth $459,174,000 after purchasing an additional 328,203 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Monolithic Power Systems in the 4th quarter worth $140,795,000. Price T Rowe Associates Inc. MD raised its position in Monolithic Power Systems by 16.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company’s stock valued at $904,297,000 after purchasing an additional 214,395 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Monolithic Power Systems during the fourth quarter valued at about $113,547,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $650.00, for a total value of $65,000.00. Following the completion of the transaction, the director now owns 776 shares of the company’s stock, valued at $504,400. This trade represents a 11.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction on Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the sale, the executive vice president now directly owns 4,015 shares of the company’s stock, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,200 shares of company stock worth $8,546,800. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Down 3.3%

Shares of Monolithic Power Systems stock opened at $710.32 on Friday. The firm has a market cap of $34.01 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 2.60 and a beta of 1.18. The business has a 50-day moving average price of $583.45 and a 200-day moving average price of $618.88. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.04. The business had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The firm’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.81 earnings per share. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MPWR shares. Rosenblatt Securities restated a “neutral” rating and issued a $644.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Wells Fargo & Company decreased their target price on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st. Raymond James reiterated an “outperform” rating and issued a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Loop Capital lifted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Stifel Nicolaus cut their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $779.83.

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.