Public Employees Retirement Association of Colorado Raises Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Public Employees Retirement Association of Colorado increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 635.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,170 shares of the semiconductor company’s stock after acquiring an additional 34,706 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.08% of Monolithic Power Systems worth $25,338,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MPWR. Huntington National Bank raised its stake in shares of Monolithic Power Systems by 5.6% during the third quarter. Huntington National Bank now owns 657 shares of the semiconductor company’s stock worth $304,000 after purchasing an additional 35 shares during the last quarter. Weiss Asset Management LP purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $1,899,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Monolithic Power Systems by 8.6% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 196,781 shares of the semiconductor company’s stock valued at $90,913,000 after acquiring an additional 15,609 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its stake in shares of Monolithic Power Systems by 36.1% during the third quarter. Adage Capital Partners GP L.L.C. now owns 47,500 shares of the semiconductor company’s stock worth $21,945,000 after acquiring an additional 12,600 shares during the period. Finally, Zevenbergen Capital Investments LLC raised its holdings in Monolithic Power Systems by 3.0% during the fourth quarter. Zevenbergen Capital Investments LLC now owns 53,118 shares of the semiconductor company’s stock worth $33,506,000 after purchasing an additional 1,560 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

NASDAQ:MPWR traded up $31.05 during trading hours on Wednesday, reaching $757.61. 497,632 shares of the company were exchanged, compared to its average volume of 523,502. The firm has a market cap of $36.88 billion, a price-to-earnings ratio of 90.30, a PEG ratio of 3.78 and a beta of 1.13. The stock has a 50 day simple moving average of $693.21 and a 200 day simple moving average of $659.31. Monolithic Power Systems, Inc. has a 52-week low of $392.10 and a 52-week high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.95 by $0.02. The company had revenue of $457.89 million during the quarter, compared to analyst estimates of $447.76 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. On average, analysts predict that Monolithic Power Systems, Inc. will post 10.03 EPS for the current fiscal year.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the transaction, the executive vice president now directly owns 130,744 shares of the company’s stock, valued at approximately $89,145,181.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction on Monday, April 8th. The shares were sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the sale, the executive vice president now owns 130,744 shares of the company’s stock, valued at approximately $89,145,181.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Hsing sold 8,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the completion of the transaction, the chief executive officer now directly owns 891,232 shares of the company’s stock, valued at $589,861,899.20. The disclosure for this sale can be found here. Insiders have sold 46,046 shares of company stock valued at $31,842,373 over the last three months. 3.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. KeyCorp upped their price objective on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Truist Financial increased their price target on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Needham & Company LLC reissued a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Finally, TD Cowen upped their price target on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $743.78.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.