Monolithic Power Systems (NASDAQ:MPWR) Sees Strong Trading Volume

Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Rating) shares saw unusually-high trading volume on Friday . Approximately 296,890 shares were traded during trading, a decline of 44% from the previous session’s volume of 533,240 shares.The stock last traded at $517.93 and had previously closed at $488.32.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MPWR. Needham & Company LLC reduced their price objective on Monolithic Power Systems from $525.00 to $500.00 in a report on Friday, May 5th. Rosenblatt Securities reiterated a “buy” rating and set a $620.00 price target on shares of Monolithic Power Systems in a report on Thursday, February 9th. Truist Financial decreased their price objective on Monolithic Power Systems from $608.00 to $527.00 in a report on Friday, May 5th. Credit Suisse Group increased their price objective on Monolithic Power Systems from $475.00 to $580.00 and gave the company an “outperform” rating in a report on Thursday, February 9th. Finally, Raymond James upped their price target on shares of Monolithic Power Systems from $400.00 to $550.00 and gave the company an “outperform” rating in a research report on Thursday, February 9th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $522.67.

Monolithic Power Systems Trading Up 6.8 %

The stock has a market capitalization of $24.72 billion, a P/E ratio of 54.36, a P/E/G ratio of 1.79 and a beta of 1.13. The company’s fifty day simple moving average is $460.66 and its 200 day simple moving average is $431.34.

Insider Transactions at Monolithic Power Systems

In related news, CEO Michael Hsing sold 11,242 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $463.55, for a total value of $5,211,229.10. Following the transaction, the chief executive officer now owns 1,067,017 shares in the company, valued at approximately $494,615,730.35. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Monolithic Power Systems news, CEO Michael Hsing sold 11,242 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $463.55, for a total value of $5,211,229.10. Following the transaction, the chief executive officer now owns 1,067,017 shares in the company, valued at $494,615,730.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Theodore Blegen sold 920 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $487.99, for a total transaction of $448,950.80. Following the completion of the transaction, the chief financial officer now directly owns 131,122 shares of the company’s stock, valued at $63,986,224.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,298 shares of company stock valued at $18,378,940. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Monolithic Power Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its holdings in shares of Monolithic Power Systems by 109.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,651,445 shares of the semiconductor company’s stock valued at $1,291,187,000 after buying an additional 1,907,764 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of Monolithic Power Systems by 140,338.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,023,797 shares of the semiconductor company’s stock valued at $362,025,000 after purchasing an additional 1,023,068 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Monolithic Power Systems by 516.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 876,025 shares of the semiconductor company’s stock valued at $69,441,000 after purchasing an additional 733,832 shares during the period. Norges Bank bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at $150,233,000. Finally, Renaissance Technologies LLC increased its holdings in Monolithic Power Systems by 342.9% in the 3rd quarter. Renaissance Technologies LLC now owns 423,341 shares of the semiconductor company’s stock valued at $153,842,000 after acquiring an additional 327,755 shares during the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Monolithic Power Systems Company Profile

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Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.