12,194 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Purchased by Raiffeisen Bank International AG

Raiffeisen Bank International AG purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, HoldingsChannel reports. The firm purchased 12,194 shares of the semiconductor company’s stock, valued at approximately $7,361,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MPWR. Vanguard Group Inc. boosted its position in shares of Monolithic Power Systems by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company’s stock valued at $3,446,223,000 after buying an additional 74,046 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Monolithic Power Systems by 16.3% during 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 buying an additional 214,395 shares during the period. Geode Capital Management LLC boosted its position in shares of Monolithic Power Systems by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company’s stock valued at $807,158,000 after buying an additional 31,295 shares during the period. Invesco Ltd. boosted its position in shares of Monolithic Power Systems by 7.5% during the fourth quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company’s stock valued at $687,841,000 after buying an additional 81,412 shares during the period. Finally, Brown Advisory Inc. boosted its position in shares of Monolithic Power Systems by 0.5% during the fourth quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company’s stock valued at $583,420,000 after buying an additional 5,274 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following the transaction, the director now directly owns 776 shares of the company’s stock, valued at approximately $504,400. This represents a 11.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the sale, the executive vice president now owns 4,015 shares of the company’s stock, valued at approximately $2,814,515. This represents a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,200 shares of company stock valued at $8,546,800 over the last 90 days. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $710.32 on Friday. The company has a market capitalization of $34.01 billion, a PE ratio of 19.32, a P/E/G ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The company has a 50 day moving average price of $583.45 and a 200-day moving average price of $618.88.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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. The company 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%. Monolithic Power Systems’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.81 earnings per share. On average, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on MPWR. Rosenblatt Securities restated a “neutral” rating and set a $644.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Citigroup boosted their target price on Monolithic Power Systems from $615.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. KeyCorp dropped their target price on Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Needham & Company LLC restated a “buy” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Finally, Stifel Nicolaus decreased their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating for the company in a research note 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’s stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $779.83.

Monolithic Power Systems Company 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.