Plato Investment Management Ltd Has $944,000 Stake in Monolithic Power Systems, Inc. $MPWR

Plato Investment Management Ltd decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) by 26.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,037 shares of the semiconductor company’s stock after selling 368 shares during the quarter. Plato Investment Management Ltd’s holdings in Monolithic Power Systems were worth $944,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Monolithic Power Systems by 2.3% during the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after acquiring an additional 134,087 shares in the last quarter. State Street Corp raised its stake in Monolithic Power Systems by 0.7% during the third quarter. State Street Corp now owns 2,134,704 shares of the semiconductor company’s stock worth $1,968,578,000 after acquiring an additional 14,670 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Monolithic Power Systems by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock valued at $794,723,000 after buying an additional 6,503 shares during the period. Bank of America Corp DE increased its stake in shares of Monolithic Power Systems by 18.0% in the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock valued at $506,661,000 after buying an additional 105,721 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Monolithic Power Systems by 2.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 570,719 shares of the semiconductor company’s stock valued at $517,277,000 after buying an additional 14,132 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,600.84 on Monday. The company has a market capitalization of $78.65 billion, a PE ratio of 115.42, a P/E/G ratio of 2.86 and a beta of 1.74. The company has a 50 day simple moving average of $1,252.72 and a two-hundred day simple moving average of $1,099.93. Monolithic Power Systems, Inc. has a fifty-two week low of $630.62 and a fifty-two week high of $1,662.00.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last released its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. The business had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.04 EPS. Research analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Key Headlines Impacting Monolithic Power Systems

Here are the key news stories impacting Monolithic Power Systems this week:

Analysts Set New Price Targets

MPWR has been the subject of several recent research reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. KeyCorp upped 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. TD Cowen upped their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, Stifel Nicolaus upped their price objective on 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. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,599.17.

Read Our Latest Report on Monolithic Power Systems

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Deming Xiao sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the completion of the sale, the executive vice president owned 205,959 shares of the company’s stock, valued at $340,769,463.45. This trade represents a 12.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Eugen J. Elmiger sold 12,000 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the transaction, the director directly owned 5,402 shares in the company, valued at approximately $8,561,953.92. This represents a 68.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 88,192 shares of company stock worth $120,720,004. Company insiders own 3.40% of the company’s stock.

Monolithic Power Systems Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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