MGO One Seven LLC Grows Stock Holdings in Monolithic Power Systems, Inc. $MPWR

MGO One Seven LLC increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 65.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,393 shares of the semiconductor company’s stock after acquiring an additional 551 shares during the period. MGO One Seven LLC’s holdings in Monolithic Power Systems were worth $1,263,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at $34,000. IFP Advisors Inc raised its stake in shares of Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Monolithic Power Systems by 542.9% in the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 38 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Monolithic Power Systems in the third quarter valued at $42,000. Finally, Torren Management LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at $49,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $1,661.10 on Tuesday. Monolithic Power Systems, Inc. has a 1-year low of $643.36 and a 1-year high of $1,663.99. The stock has a market cap of $81.61 billion, a PE ratio of 119.76, a P/E/G ratio of 2.86 and a beta of 1.74. The stock’s fifty day moving average is $1,269.72 and its two-hundred day moving average is $1,108.40.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly 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 analysts’ expectations of $781.93 million. During the same period last year, the firm earned $4.04 earnings per share. Monolithic Power Systems’s quarterly revenue was up 26.1% on a year-over-year basis. On average, research analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Monolithic Power Systems news, Director Eugen J. Elmiger sold 12,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the sale, the director directly owned 5,402 shares in the company, valued at $8,561,953.92. This trade represents a 68.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeff Zhou sold 500 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,650.00, for a total value of $825,000.00. Following the completion of the sale, the director owned 4,286 shares in the company, valued at approximately $7,071,900. This represents a 10.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 88,192 shares of company stock valued at $120,720,004 over the last 90 days. 3.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MPWR shares. KeyCorp increased 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. Truist Financial set a $1,805.00 price objective on Monolithic Power Systems in a research note on Friday, May 1st. Stifel Nicolaus increased 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. 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 research note on Friday, May 1st. Finally, William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus 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.