523 Shares in Monolithic Power Systems, Inc. $MPWR Purchased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 523 shares of the semiconductor company’s stock, valued at approximately $474,000.

A number of other large investors have also recently made changes to their positions in the company. Baker Avenue Asset Management LP boosted its stake in shares of Monolithic Power Systems by 436.6% during the 4th quarter. Baker Avenue Asset Management LP now owns 3,182 shares of the semiconductor company’s stock worth $2,884,000 after purchasing an additional 2,589 shares during the period. Huntington National Bank boosted its stake in shares of Monolithic Power Systems by 7.8% during the 4th quarter. Huntington National Bank now owns 943 shares of the semiconductor company’s stock worth $855,000 after purchasing an additional 68 shares during the period. Geode Capital Management LLC boosted its stake in shares of Monolithic Power Systems by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company’s stock worth $1,248,436,000 after purchasing an additional 44,583 shares during the period. Harbour Investments Inc. boosted its stake in shares of Monolithic Power Systems by 108.1% during the 4th quarter. Harbour Investments Inc. now owns 77 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 40 shares during the period. Finally, Allstate Corp boosted its stake in shares of Monolithic Power Systems by 106.0% during the 4th quarter. Allstate Corp now owns 3,556 shares of the semiconductor company’s stock worth $3,223,000 after purchasing an additional 1,830 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $1,624.99 on Wednesday. The stock has a market cap of $79.84 billion, a price-to-earnings ratio of 117.16, a price-to-earnings-growth ratio of 2.76 and a beta of 1.69. Monolithic Power Systems, Inc. has a 1 year low of $662.79 and a 1 year high of $1,714.09. The firm has a 50-day moving average of $1,420.51 and a two-hundred day moving average of $1,167.22.

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

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the completion of the sale, the executive vice president owned 166,644 shares of the company’s stock, valued at approximately $260,197,941.60. This represents a 6.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deming Xiao sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the completion of the sale, the executive vice president directly owned 205,959 shares of the company’s stock, 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. In the last three months, insiders have sold 113,043 shares of company stock worth $160,829,940. Insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MPWR shares. TD Cowen lifted their price target on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Needham & Company LLC lifted their price target on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Raymond James Financial reissued an “outperform” rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,599.17.

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.