May Hill Capital LLC Buys Shares of 442 Monolithic Power Systems, Inc. $MPWR

May Hill Capital LLC bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 442 shares of the semiconductor company’s stock, valued at approximately $401,000.

A number of other large investors have also recently bought and sold shares of the stock. Beese Fulmer Investment Management Inc. acquired a new stake in Monolithic Power Systems during the 4th quarter valued at $270,000. Canada Post Corp Registered Pension Plan grew its holdings in Monolithic Power Systems by 27.2% during the 4th quarter. Canada Post Corp Registered Pension Plan now owns 1,170 shares of the semiconductor company’s stock valued at $1,060,000 after buying an additional 250 shares during the last quarter. Stephens Investment Management Group LLC acquired a new stake in Monolithic Power Systems during the 4th quarter valued at $10,728,000. Stephens Inc. AR acquired a new stake in Monolithic Power Systems during the 4th quarter valued at $582,000. Finally, AlphaCore Capital LLC acquired a new stake in Monolithic Power Systems during the 4th quarter valued at $275,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In related news, Director Jeff Zhou sold 1,014 shares of Monolithic Power Systems stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,587.06, for a total value of $1,609,278.84. Following the transaction, the director owned 4,786 shares in the company, valued at approximately $7,595,669.16. This trade represents a 17.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deming Xiao sold 30,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the completion of the transaction, the executive vice president owned 205,959 shares in the company, valued at $340,769,463.45. The trade was a 12.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 87,992 shares of company stock valued at $120,484,010 in the last ninety days. Company insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a report on Friday, May 1st. Stifel Nicolaus increased their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Raymond James Financial restated an “outperform” rating and set a $1,800.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 1st. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Finally, Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,599.17.

Monolithic Power Systems Price Performance

MPWR stock opened at $1,550.02 on Monday. Monolithic Power Systems, Inc. has a 52-week low of $643.36 and a 52-week high of $1,675.42. The stock’s fifty day simple moving average is $1,308.82 and its 200-day simple moving average is $1,123.62. The stock has a market capitalization of $76.15 billion, a price-to-earnings ratio of 111.75, a price-to-earnings-growth ratio of 2.77 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. During the same quarter last year, the firm earned $4.04 earnings per share. The business’s revenue was up 26.1% on a year-over-year basis. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Monolithic Power Systems 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.