Eventide Asset Management LLC Raises Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Eventide Asset Management LLC increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 65.8% in the fourth quarter, HoldingsChannel reports. The firm owned 68,373 shares of the semiconductor company’s stock after buying an additional 27,131 shares during the period. Monolithic Power Systems makes up approximately 1.0% of Eventide Asset Management LLC’s investment portfolio, making the stock its 25th largest position. Eventide Asset Management LLC’s holdings in Monolithic Power Systems were worth $62,023,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased 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 buying an additional 134,087 shares in the last quarter. First Trust Advisors LP increased 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 buying an additional 178,622 shares in the last quarter. AIA Group Ltd acquired a new position in Monolithic Power Systems during the 3rd quarter valued at about $1,459,000. Merit Financial Group LLC increased its position in Monolithic Power Systems by 183.9% during the 4th quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock valued at $2,499,000 after buying an additional 1,786 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. acquired a new position in Monolithic Power Systems during the 3rd quarter valued at about $502,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction dated 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 owned 1,179 shares in the company, valued at $1,808,527.05. This represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Saria Tseng sold 7,565 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the sale, the executive vice president owned 144,218 shares in the company, valued at $245,170,600. The trade was a 4.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 113,073 shares of company stock valued at $160,875,958. 3.40% of the stock is owned by insiders.

Monolithic Power Systems Stock Up 892.3%

Shares of MPWR opened at $1,577.32 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $150.68 and a 52 week high of $1,714.09. The company has a market capitalization of $77.49 billion, a price-to-earnings ratio of 113.72, a PEG ratio of 2.82 and a beta of 1.69. The stock’s 50-day moving average price is $1,510.26 and its 200-day moving average price is $1,208.07.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. During the same quarter in the prior year, the business earned $4.04 earnings per share. The company’s revenue was up 26.1% compared to the same quarter last year. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MPWR has been the topic of several recent analyst reports. KeyCorp upped their target price on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Wells Fargo & Company increased their price objective on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Raymond James Financial reissued an “outperform” rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 1st. TD Cowen increased their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems 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.