1,289 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Acquired by Choreo LLC

Choreo LLC bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,289 shares of the semiconductor company’s stock, valued at approximately $1,057,000.

Several other institutional investors have also added to or reduced their stakes in MPWR. Norges Bank bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at $362,477,000. BNP Paribas Financial Markets lifted its position in Monolithic Power Systems by 95.1% during the first quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock valued at $206,712,000 after purchasing an additional 148,771 shares in the last quarter. UBS Group AG lifted its position in Monolithic Power Systems by 100.4% during the fourth quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock valued at $122,552,000 after purchasing an additional 97,357 shares in the last quarter. Vanguard Group Inc. increased its position in Monolithic Power Systems by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock worth $3,446,624,000 after buying an additional 90,589 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Monolithic Power Systems by 10.0% in the fourth quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after buying an additional 85,676 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $895.91 on Friday. The firm’s fifty day moving average is $856.06 and its two-hundred day moving average is $768.53. Monolithic Power Systems, Inc. has a 52-week low of $392.10 and a 52-week high of $959.64. The company has a market cap of $43.68 billion, a P/E ratio of 106.78, a P/E/G ratio of 3.73 and a beta of 1.12.

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

Insiders Place Their Bets

In other news, EVP Saria Tseng sold 37,093 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $808.20, for a total transaction of $29,978,562.60. Following the completion of the transaction, the executive vice president now directly owns 166,428 shares in the company, valued at approximately $134,507,109.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Saria Tseng sold 37,093 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $808.20, for a total transaction of $29,978,562.60. Following the sale, the executive vice president now directly owns 166,428 shares in the company, valued at approximately $134,507,109.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The disclosure for this sale can be found here. Insiders have sold a total of 98,299 shares of company stock valued at $83,140,933 in the last quarter. 3.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MPWR. Deutsche Bank Aktiengesellschaft lifted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Needham & Company LLC upped their price target on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. TD Cowen increased their price objective on shares of Monolithic Power Systems from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Raymond James lifted their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Oppenheimer upped their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company 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.