LRT Capital Management LLC Invests $581,000 in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

LRT Capital Management LLC purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 982 shares of the semiconductor company’s stock, valued at approximately $581,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MPWR. Barclays PLC grew its stake in shares of Monolithic Power Systems by 5.0% in the 3rd quarter. Barclays PLC now owns 322,115 shares of the semiconductor company’s stock worth $297,799,000 after buying an additional 15,350 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Monolithic Power Systems by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 4,082 shares of the semiconductor company’s stock worth $2,465,000 after buying an additional 213 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Monolithic Power Systems by 10.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,509 shares of the semiconductor company’s stock worth $2,076,000 after buying an additional 329 shares during the last quarter. Graypoint LLC grew its stake in shares of Monolithic Power Systems by 7.2% in the 4th quarter. Graypoint LLC now owns 432 shares of the semiconductor company’s stock worth $256,000 after buying an additional 29 shares during the last quarter. Finally, Czech National Bank grew its stake in shares of Monolithic Power Systems by 6.6% in the 4th quarter. Czech National Bank now owns 10,583 shares of the semiconductor company’s stock worth $6,262,000 after buying an additional 652 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. TD Cowen upped their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. KeyCorp cut their price target on Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Citigroup upped their price target on Monolithic Power Systems from $615.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Wells Fargo & Company reduced their target price on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Finally, Oppenheimer reissued an “outperform” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, March 21st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average price target of $779.83.

Insider Transactions at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total value of $65,000.00. Following the transaction, the director now directly owns 776 shares in the company, valued at $504,400. This trade represents a 11.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Price Performance

MPWR stock opened at $638.21 on Monday. The company has a market cap of $30.56 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The stock’s fifty day moving average price is $572.75 and its 200-day moving average price is $619.85.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.00 by $0.04. The firm had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The company’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same period last year, the business posted $2.81 EPS. As a group, analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

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.