Polar Asset Management Partners Inc. Makes New Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Polar Asset Management Partners Inc. acquired a new position in shares of 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 fund acquired 20,000 shares of the semiconductor company’s stock, valued at approximately $11,834,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tradewinds Capital Management LLC lifted its position in shares of Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Monolithic Power Systems during the fourth quarter valued at $27,000. Itau Unibanco Holding S.A. boosted its position in Monolithic Power Systems by 637.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 51 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Monolithic Power Systems during the fourth quarter valued at $39,000. Finally, AlphaQuest LLC acquired a new stake in Monolithic Power Systems during the fourth quarter valued at $41,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 0.5%

Shares of Monolithic Power Systems stock opened at $734.28 on Thursday. The stock has a market capitalization of $35.16 billion, a P/E ratio of 19.97, a PEG ratio of 2.60 and a beta of 1.18. The stock has a 50 day moving average price of $580.88 and a two-hundred day moving average price of $620.13. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its 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. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The firm had revenue of $637.55 million during the quarter, compared to analysts’ expectations of $633.43 million. During the same quarter in the prior year, the business earned $2.81 earnings per share. The company’s revenue was up 39.2% on a year-over-year basis. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Insider Activity

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the completion of the sale, the director now directly owns 676 shares of the company’s stock, valued at approximately $471,848. This represents a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the company’s 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 completion of the transaction, the executive vice president now owns 4,015 shares of the company’s stock, valued at $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,200 shares of company stock valued at $8,546,800. 3.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on MPWR shares. KeyCorp dropped their price objective on Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Stifel Nicolaus dropped their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Loop Capital increased their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Raymond James restated an “outperform” rating and issued a $720.00 price objective (down previously from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Finally, TD Cowen increased their price objective on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.