1,116 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Acquired by Rathbones Group PLC

Rathbones Group PLC bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,116 shares of the semiconductor company’s stock, valued at approximately $917,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Family Firm Inc. bought a new stake in Monolithic Power Systems during the second quarter valued at about $25,000. RiverPark Advisors LLC purchased a new position in shares of Monolithic Power Systems in the 1st quarter worth approximately $27,000. OFI Invest Asset Management bought a new position in shares of Monolithic Power Systems during the 1st quarter worth approximately $31,000. Atwood & Palmer Inc. purchased a new stake in Monolithic Power Systems during the second quarter valued at approximately $33,000. Finally, Crewe Advisors LLC boosted its stake in Monolithic Power Systems by 126.3% in the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Price Performance

MPWR stock opened at $885.23 on Tuesday. The company has a market capitalization of $43.15 billion, a P/E ratio of 105.51, a price-to-earnings-growth ratio of 4.14 and a beta of 1.12. Monolithic Power Systems, Inc. has a 12 month low of $392.10 and a 12 month high of $959.64. The firm’s fifty day simple moving average is $859.32 and its 200-day simple moving average is $772.75.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The company had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.05 earnings per share. As a group, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.

Insider Transactions at Monolithic Power Systems

In related news, Director Victor K. Lee sold 1,000 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $820.46, for a total transaction of $820,460.00. Following the completion of the transaction, the director now directly owns 29,232 shares in the company, valued at $23,983,686.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Monolithic Power Systems news, Director Victor K. Lee sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $820.46, for a total value of $820,460.00. Following the sale, the director now owns 29,232 shares in the company, valued at approximately $23,983,686.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the transaction, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at $55,769,247.60. The disclosure for this sale can be found here. Insiders have sold 98,299 shares of company stock worth $83,140,933 over the last quarter. 3.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MPWR shares. Deutsche Bank Aktiengesellschaft increased their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Truist Financial raised their price target on Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Oppenheimer upped their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. Rosenblatt Securities lifted their target price on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Finally, Needham & Company LLC upped their price target on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $912.30.

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.