Cookson Peirce & Co. Inc. Has $19.34 Million Holdings in Monolithic Power Systems, Inc. $MPWR

Cookson Peirce & Co. Inc. lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3,814.9% during the 4th quarter, Holdings Channel reports. The fund owned 21,336 shares of the semiconductor company’s stock after acquiring an additional 20,791 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Monolithic Power Systems were worth $19,338,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MPWR. Norges Bank acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $658,656,000. SG Americas Securities LLC boosted its holdings in shares of Monolithic Power Systems by 77,483.1% in the 4th quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after acquiring an additional 261,893 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Monolithic Power Systems by 66.4% in the 3rd quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock worth $412,263,000 after acquiring an additional 178,622 shares in the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of Monolithic Power Systems by 36.1% in the 2nd quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock worth $386,991,000 after acquiring an additional 140,269 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Monolithic Power Systems by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after acquiring an additional 134,087 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Deming Xiao sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the transaction, the executive vice president directly owned 205,959 shares in the company, valued at $340,769,463.45. This trade represents a 12.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Saria Tseng sold 25,674 shares of the firm’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of $1,010.50, for a total value of $25,943,577.00. Following the completion of the transaction, the executive vice president owned 174,982 shares in the company, valued at $176,819,311. This represents a 12.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 113,073 shares of company stock worth $160,875,958 over the last three months. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,481.05 on Friday. The stock’s fifty day moving average price is $1,462.17 and its two-hundred day moving average price is $1,184.55. Monolithic Power Systems, Inc. has a 52-week low of $670.00 and a 52-week high of $1,714.09. The company has a market cap of $72.76 billion, a price-to-earnings ratio of 106.78, a P/E/G ratio of 2.65 and a beta of 1.69.

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 the consensus estimate of $781.93 million. During the same quarter in the prior year, the business posted $4.04 EPS. The firm’s quarterly revenue was up 26.1% on a year-over-year basis. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Needham & Company LLC boosted their target price on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Zacks Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Stifel Nicolaus upped their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Finally, Truist Financial set a $1,805.00 price objective on Monolithic Power Systems in a report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,599.17.

Monolithic Power Systems Company 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.