BI Asset Management Fondsmaeglerselskab A S Purchases 2,248 Shares of Monolithic Power Systems, Inc. $MPWR

BI Asset Management Fondsmaeglerselskab A S increased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 58.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,122 shares of the semiconductor company’s stock after acquiring an additional 2,248 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Monolithic Power Systems were worth $5,549,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Monolithic Power Systems during the fourth quarter worth about $34,000. IFP Advisors Inc grew its position in shares of Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd raised its position in shares of Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after buying an additional 9 shares in the last quarter. Torren Management LLC bought a new stake in Monolithic Power Systems during the fourth quarter valued at $49,000. Finally, WPG Advisers LLC grew its position in Monolithic Power Systems by 43.9% during the fourth quarter. WPG Advisers LLC now owns 59 shares of the semiconductor company’s stock worth $53,000 after buying an additional 18 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Saria Tseng sold 7,565 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the transaction, the executive vice president directly owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. This represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Eileen Wynne sold 335 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,582.68, for a total transaction of $530,197.80. Following the sale, the director owned 1,007 shares of the company’s stock, valued at approximately $1,593,758.76. This represents a 24.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 113,073 shares of company stock worth $160,875,958 over the last ninety days. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,481.05 on Monday. The company has a market capitalization 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 fifty-two week low of $670.00 and a fifty-two week high of $1,714.09. The stock has a 50 day moving average price of $1,462.17 and a two-hundred day moving average price of $1,186.58.

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

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of research analyst reports. TD Cowen lifted their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Stifel Nicolaus raised their target price on shares of 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. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Raymond James Financial reissued an “outperform” rating and issued a $1,800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Zacks Research cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.