111 Capital Invests $459,000 in Monolithic Power Systems, Inc. $MPWR

111 Capital purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 506 shares of the semiconductor company’s stock, valued at approximately $459,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Penserra Capital Management LLC raised its stake in shares of Monolithic Power Systems by 88.9% during the third quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company’s stock valued at $2,016,000 after purchasing an additional 1,031 shares in the last quarter. Candriam S.C.A. raised its stake in shares of Monolithic Power Systems by 6.9% during the third quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company’s stock valued at $79,089,000 after purchasing an additional 5,561 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Monolithic Power Systems by 2.3% during the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after purchasing an additional 134,087 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Monolithic Power Systems by 66.4% during the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock valued at $412,263,000 after purchasing an additional 178,622 shares in the last quarter. Finally, AIA Group Ltd bought a new stake in shares of Monolithic Power Systems during the third quarter valued at about $1,459,000. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Raymond James Financial restated an “outperform” rating and set a $1,800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. Rosenblatt Securities lifted their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Oppenheimer set a $1,700.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. Wells Fargo & Company lifted their price objective on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Truist Financial set a $1,805.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.

Insider Activity

In related news, Director Eugen J. Elmiger sold 12,000 shares of Monolithic Power Systems stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the transaction, the director directly owned 5,402 shares of the company’s stock, valued at $8,561,953.92. The trade was a 68.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeff Zhou sold 1,014 shares of Monolithic Power Systems stock in a transaction dated 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 directly owned 4,786 shares in the company, valued at approximately $7,595,669.16. The trade was a 17.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 113,073 shares of company stock valued at $160,875,958 over the last quarter. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Down 10.4%

NASDAQ:MPWR opened at $1,481.05 on Friday. The business’s 50-day moving average price is $1,462.17 and its 200 day moving average price is $1,184.55. The firm has a market cap of $72.76 billion, a P/E ratio of 106.78, a PEG ratio of 2.65 and a beta of 1.69. Monolithic Power Systems, Inc. has a 52-week low of $670.00 and a 52-week high of $1,714.09.

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