Healthcare of Ontario Pension Plan Trust Fund Acquires 85,968 Shares of Monolithic Power Systems, Inc. $MPWR

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 73.5% during the fourth quarter, HoldingsChannel reports. The firm owned 202,864 shares of the semiconductor company’s stock after buying an additional 85,968 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Monolithic Power Systems were worth $183,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Monolithic Power Systems during the fourth quarter valued at $34,000. IFP Advisors Inc lifted its holdings in shares of Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd lifted its holdings 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 valued at $36,000 after purchasing an additional 9 shares in the last quarter. Greenline Wealth Management LLC bought a new position in shares of Monolithic Power Systems during the fourth quarter valued at $38,000. Finally, Torren Management LLC bought a new position in shares of Monolithic Power Systems during the fourth quarter valued at $49,000. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Stock Performance

MPWR stock opened at $1,577.32 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $150.68 and a fifty-two week high of $1,714.09. The business’s 50-day moving average is $1,510.26 and its two-hundred day moving average is $1,208.07. The company has a market cap of $77.49 billion, a price-to-earnings ratio of 113.72, a P/E/G ratio of 2.82 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last posted 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. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company 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 company earned $4.04 earnings per share. Monolithic Power Systems’s revenue was up 26.1% on a year-over-year basis. Equities analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MPWR. Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a report on Friday, May 1st. Wells Fargo & Company upped their price target 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 reaffirmed an “outperform” rating and set a $1,800.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Zacks Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Finally, Stifel Nicolaus increased their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Deming Xiao sold 30,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president owned 205,959 shares in the company, valued at $340,769,463.45. This represents a 12.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president owned 166,644 shares of the company’s stock, valued at approximately $260,197,941.60. The trade was a 6.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 113,073 shares of company stock valued at $160,875,958 in the last 90 days. Insiders own 3.40% of the company’s stock.

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.