403 Shares in Monolithic Power Systems, Inc. $MPWR Acquired by Twin Capital Management Inc.

Twin Capital Management Inc. acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 403 shares of the semiconductor company’s stock, valued at approximately $365,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Penserra Capital Management LLC boosted its position in Monolithic Power Systems by 88.9% during the 3rd quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company’s stock valued at $2,016,000 after acquiring an additional 1,031 shares in the last quarter. AE Wealth Management LLC bought a new stake in Monolithic Power Systems during the 3rd quarter valued at $1,121,000. Candriam S.C.A. boosted its position in Monolithic Power Systems by 6.9% during the 3rd quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company’s stock valued at $79,089,000 after acquiring an additional 5,561 shares in the last quarter. Vanguard Group Inc. boosted its position in Monolithic Power Systems by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after acquiring an additional 134,087 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Monolithic Power Systems by 66.4% during the 3rd quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock valued at $412,263,000 after acquiring an additional 178,622 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MPWR. Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a research report on Friday, May 1st. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Stifel Nicolaus raised their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Finally, Zacks Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,599.17.

Insider Buying and Selling

In related news, EVP Saria Tseng sold 25,674 shares of the firm’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of $1,010.50, for a total value of $25,943,577.00. Following the completion of the transaction, the executive vice president owned 174,982 shares in the company, valued at $176,819,311. This trade represents a 12.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maurice Sciammas sold 12,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the completion of the transaction, the executive vice president owned 166,644 shares of the company’s stock, valued at $260,197,941.60. This trade represents a 6.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 99,992 shares of company stock worth $139,220,810 over the last three months. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $1,561.25 on Friday. The firm has a market capitalization of $76.70 billion, a price-to-earnings ratio of 112.56, a price-to-earnings-growth ratio of 2.78 and a beta of 1.74. The business has a fifty day moving average of $1,345.81 and a 200 day moving average of $1,136.27. Monolithic Power Systems, Inc. has a 1 year low of $643.36 and a 1 year high of $1,675.42.

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 analysts’ consensus estimates of $4.90 by $0.20. The company had revenue of $804.19 million during 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%.The firm’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the business posted $4.04 EPS. As a group, equities research analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Monolithic Power Systems Company 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.