Monolithic Power Systems, Inc. $MPWR Shares Acquired by Westerkirk Capital Inc.

Westerkirk Capital Inc. lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 58.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,544 shares of the semiconductor company’s stock after buying an additional 936 shares during the period. Westerkirk Capital Inc.’s holdings in Monolithic Power Systems were worth $2,306,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Covestor Ltd boosted its stake in shares of Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after buying an additional 9 shares during the period. Resonant Capital Advisors LLC lifted its position in Monolithic Power Systems by 4.1% in the fourth quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 10 shares during the period. YANKCOM Partnership lifted its position in Monolithic Power Systems by 6.7% in the fourth quarter. YANKCOM Partnership now owns 176 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 11 shares during the period. First National Bank of Hutchinson lifted its position in Monolithic Power Systems by 1.2% in the fourth quarter. First National Bank of Hutchinson now owns 948 shares of the semiconductor company’s stock valued at $859,000 after purchasing an additional 11 shares during the period. Finally, Ballentine Partners LLC lifted its position in Monolithic Power Systems by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 567 shares of the semiconductor company’s stock valued at $514,000 after purchasing an additional 12 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $1,559.18 on Tuesday. Monolithic Power Systems, Inc. has a 1 year low of $670.00 and a 1 year high of $1,714.09. The company has a market capitalization of $76.60 billion, a P/E ratio of 112.41, a P/E/G ratio of 2.65 and a beta of 1.69. The business has a 50 day moving average price of $1,472.19 and a 200 day moving average price of $1,191.52.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $781.93 million. During the same period in the previous year, the firm posted $4.04 EPS. The company’s quarterly revenue was up 26.1% compared to the same quarter last year. As a group, research analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Rosenblatt Securities raised their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. KeyCorp raised their price objective on shares of 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. TD Cowen raised their price objective on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Weiss Ratings downgraded shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 28th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.

Insider Activity

In related news, EVP Saria Tseng sold 25,674 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $1,010.50, for a total transaction of $25,943,577.00. Following the completion of the transaction, the executive vice president directly owned 174,982 shares in the company, valued at $176,819,311. The trade was a 12.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Deming Xiao sold 30,000 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the transaction, the executive vice president owned 205,959 shares of the company’s stock, valued at $340,769,463.45. This represents a 12.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 113,073 shares of company stock worth $160,875,958. 3.40% of the stock is owned by corporate insiders.

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.