Geode Capital Management LLC Acquires 44,583 Shares of Monolithic Power Systems, Inc. $MPWR

Geode Capital Management LLC grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,382,280 shares of the semiconductor company’s stock after buying an additional 44,583 shares during the period. Geode Capital Management LLC’s holdings in Monolithic Power Systems were worth $1,248,436,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MPWR. SG Americas Securities LLC boosted its position in Monolithic Power Systems by 77,483.1% during the fourth quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after purchasing an additional 261,893 shares during the period. First Trust Advisors LP boosted its position in Monolithic Power Systems by 66.4% during the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock worth $412,263,000 after purchasing an additional 178,622 shares during the period. Rafferty Asset Management LLC boosted its position in Monolithic Power Systems by 36.1% during the second quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock worth $386,991,000 after purchasing an additional 140,269 shares during the period. Vanguard Group Inc. boosted its position in Monolithic Power Systems by 2.3% during the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after purchasing an additional 134,087 shares during the period. Finally, Marshall Wace LLP bought a new position in Monolithic Power Systems during the third quarter worth about $121,658,000. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, Director Jeff Zhou sold 486 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the completion of the sale, the director directly owned 3,800 shares in the company, valued at $6,384,000. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eileen Wynne sold 335 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,582.68, for a total transaction of $530,197.80. Following the sale, the director owned 1,007 shares of the company’s stock, valued at approximately $1,593,758.76. The trade was a 24.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 105,478 shares of company stock valued at $147,969,440 over the last quarter. Company insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MPWR. Rosenblatt Securities increased their target price on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Zacks Research lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Truist Financial set a $1,805.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 1st. Stifel Nicolaus raised their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, Needham & Company LLC raised 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $1,599.17.

Monolithic Power Systems Trading Up 0.8%

MPWR stock opened at $1,633.17 on Friday. The firm has a 50 day moving average of $1,401.70 and a 200-day moving average of $1,158.93. Monolithic Power Systems, Inc. has a 12 month low of $643.36 and a 12 month high of $1,714.09. The firm has a market capitalization of $80.24 billion, a P/E ratio of 117.75, a price-to-earnings-growth ratio of 2.90 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The company had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. During the same period last year, the business earned $4.04 earnings per share. Monolithic Power Systems’s revenue was up 26.1% compared to the same quarter last year. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

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.