Monolithic Power Systems, Inc. $MPWR Shares Acquired by Barclays PLC

Barclays PLC grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 67.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 604,802 shares of the semiconductor company’s stock after buying an additional 242,740 shares during the quarter. Barclays PLC’s holdings in Monolithic Power Systems were worth $548,168,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MPWR. Brighton Jones LLC lifted its holdings in shares of Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after buying an additional 200 shares during the period. Empowered Funds LLC lifted its holdings in shares of Monolithic Power Systems by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after buying an additional 161 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Monolithic Power Systems by 3.5% in the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock valued at $6,863,000 after buying an additional 314 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of Monolithic Power Systems by 35.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock valued at $26,175,000 after buying an additional 9,315 shares during the period. Finally, Globeflex Capital L P acquired a new stake in shares of Monolithic Power Systems in the 2nd quarter valued at approximately $347,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

MPWR stock opened at $1,577.32 on Friday. The stock’s 50 day moving average price is $1,510.26 and its 200 day moving average price is $1,208.07. The firm has a market cap of $77.49 billion, a P/E ratio of 113.72, a PEG ratio of 2.82 and a beta of 1.69. Monolithic Power Systems, Inc. has a 1 year low of $150.68 and a 1 year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share 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 company had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. During the same quarter last year, the business posted $4.04 earnings per share. Monolithic Power Systems’s revenue was up 26.1% compared to the same quarter last year. On average, research analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on MPWR. Truist Financial set a $1,805.00 price objective on Monolithic Power Systems in a report on Friday, May 1st. Stifel Nicolaus upped 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. Needham & Company LLC lifted their price target on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, TD Cowen increased 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 note on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,599.17.

Insider Buying and Selling at Monolithic Power Systems

In related news, Director Eileen Wynne sold 335 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,582.68, for a total value of $530,197.80. Following the completion of the transaction, the director owned 1,007 shares of the company’s stock, valued at approximately $1,593,758.76. The trade was a 24.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Saria Tseng sold 7,565 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the transaction, the executive vice president directly owned 144,218 shares of the company’s stock, 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 quarter, insiders have sold 113,073 shares of company stock valued at $160,875,958. 3.40% of the stock is owned by company 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.