D.A. Davidson & CO. Takes $260,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

D.A. Davidson & CO. acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 411 shares of the semiconductor company’s stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPWR. Arlington Trust Co LLC lifted its holdings in shares of Monolithic Power Systems by 56.1% in the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 23 shares in the last quarter. Operose Advisors LLC acquired a new stake in Monolithic Power Systems during the 3rd quarter worth about $43,000. Turtle Creek Wealth Advisors LLC purchased a new position in Monolithic Power Systems during the 4th quarter valued at about $43,000. Lindbrook Capital LLC increased its holdings in shares of Monolithic Power Systems by 137.0% in the 4th quarter. Lindbrook Capital LLC now owns 109 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 63 shares during the period. Finally, Private Trust Co. NA lifted its position in shares of Monolithic Power Systems by 145.8% in the fourth quarter. Private Trust Co. NA now owns 118 shares of the semiconductor company’s stock worth $74,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $663.29, for a total value of $1,658,225.00. Following the transaction, the chief financial officer now directly owns 75,723 shares of the company’s stock, valued at approximately $50,226,308.67. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Deming Xiao sold 1,300 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $769.40, for a total value of $1,000,220.00. Following the completion of the sale, the executive vice president now owns 206,418 shares in the company, valued at $158,818,009.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $663.29, for a total value of $1,658,225.00. Following the sale, the chief financial officer now directly owns 75,723 shares in the company, valued at $50,226,308.67. The disclosure for this sale can be found here. Insiders sold 35,630 shares of company stock worth $24,226,598 over the last ninety days. Company insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. KeyCorp upped their price target on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Truist Financial lifted their price objective on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Wells Fargo & Company upped their target price on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Finally, Oppenheimer lifted their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $743.78.

View Our Latest Analysis on Monolithic Power Systems

Monolithic Power Systems Stock Down 1.1 %

Shares of Monolithic Power Systems stock opened at $735.63 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $778.15. The stock has a 50 day moving average price of $689.07 and a two-hundred day moving average price of $654.34. The stock has a market capitalization of $35.81 billion, a P/E ratio of 87.68, a PEG ratio of 3.86 and a beta of 1.22.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. The business had revenue of $457.89 million during the quarter, compared to the consensus estimate of $447.76 million. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 10.03 earnings per share for the current year.

About Monolithic Power Systems

(Free Report)

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.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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