Cookson Peirce & Co. Inc. Has $19.34 Million Holdings in Monolithic Power Systems, Inc. $MPWR

Cookson Peirce & Co. Inc. raised its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3,814.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,336 shares of the semiconductor company’s stock after buying an additional 20,791 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Monolithic Power Systems were worth $19,338,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MPWR. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth approximately $34,000. IFP Advisors Inc lifted its holdings in shares of Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after buying an additional 9 shares during the last quarter. Torren Management LLC bought a new position in Monolithic Power Systems during the fourth quarter valued at about $49,000. Finally, WPG Advisers LLC increased its stake in Monolithic Power Systems by 43.9% during the fourth quarter. WPG Advisers LLC now owns 59 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 18 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MPWR has been the topic of several research reports. Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a research note on Friday, May 1st. Weiss Ratings lowered Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 28th. Truist Financial set a $1,805.00 price target on Monolithic Power Systems in a research note on Friday, May 1st. Needham & Company LLC boosted their price target on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Stifel Nicolaus boosted their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $1,599.17.

Monolithic Power Systems Trading Down 10.4%

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

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating 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 company had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. During the same period in the prior year, the company posted $4.04 EPS. The company’s revenue was up 26.1% compared to the same quarter last year. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,533.95, for a total value of $46,018.50. Following the sale, the executive vice president directly owned 1,179 shares in the company, valued at approximately $1,808,527.05. This represents a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eileen Wynne sold 335 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,582.68, for a total value of $530,197.80. Following the completion of the sale, the director owned 1,007 shares in the company, valued at approximately $1,593,758.76. This represents a 24.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 113,073 shares of company stock worth $160,875,958. Insiders own 3.40% of the company’s stock.

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.