Raiffeisen Bank International AG Has $72.35 Million Stock Position in Monolithic Power Systems, Inc. $MPWR

Raiffeisen Bank International AG lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3,343.7% in the fourth quarter, HoldingsChannel reports. The firm owned 79,825 shares of the semiconductor company’s stock after purchasing an additional 77,507 shares during the period. Monolithic Power Systems accounts for 0.9% of Raiffeisen Bank International AG’s holdings, making the stock its 18th biggest position. Raiffeisen Bank International AG’s holdings in Monolithic Power Systems were worth $72,350,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of MPWR. Brighton Jones LLC boosted its position in shares of Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 200 shares during the period. Empowered Funds LLC boosted its position in shares of Monolithic Power Systems by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after purchasing an additional 161 shares during the period. NewEdge Advisors LLC boosted its position in shares of Monolithic Power Systems by 3.5% in the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock valued at $6,863,000 after purchasing an additional 314 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Monolithic Power Systems by 35.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock valued at $26,175,000 after purchasing an additional 9,315 shares during the period. Finally, Globeflex Capital L P acquired a new position in shares of Monolithic Power Systems in the 2nd quarter valued at $347,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MPWR. Stifel Nicolaus increased 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 note on Thursday, April 16th. Truist Financial set a $1,805.00 price objective on Monolithic Power Systems in a research note on Friday, May 1st. KeyCorp raised their price objective on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Rosenblatt Securities raised their price objective on 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. Finally, Zacks Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,599.17.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Saria Tseng sold 25,674 shares of the business’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 transaction, the executive vice president owned 174,982 shares of the company’s stock, valued at approximately $176,819,311. The trade was a 12.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeff Zhou sold 1,014 shares of the business’s stock in a transaction on 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 completion of the transaction, the director directly owned 4,786 shares in the company, valued at approximately $7,595,669.16. This represents a 17.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 113,073 shares of company stock valued at $160,875,958. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Up 7.9%

Shares of NASDAQ MPWR opened at $1,589.55 on Friday. The business’s 50 day moving average is $1,501.11 and its two-hundred day moving average is $1,205.47. The company has a market cap of $78.09 billion, a P/E ratio of 114.60, a P/E/G ratio of 2.63 and a beta of 1.69. Monolithic Power Systems, Inc. has a 12 month low of $670.00 and a 12 month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.20. The company 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 for the quarter was up 26.1% compared to the same quarter last year. During the same quarter last year, the firm earned $4.04 EPS. Sell-side analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal 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.