Monolithic Power Systems, Inc. $MPWR Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,158 shares of the semiconductor company’s stock after buying an additional 360 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Monolithic Power Systems were worth $11,926,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Covestor Ltd boosted its holdings in Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 9 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in Monolithic Power Systems by 4.1% in the fourth quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 10 shares in the last quarter. YANKCOM Partnership boosted its holdings in Monolithic Power Systems by 6.7% in the fourth quarter. YANKCOM Partnership now owns 176 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 11 shares in the last quarter. First National Bank of Hutchinson boosted its holdings in Monolithic Power Systems by 1.2% in the fourth quarter. First National Bank of Hutchinson now owns 948 shares of the semiconductor company’s stock valued at $859,000 after purchasing an additional 11 shares in the last quarter. Finally, Ballentine Partners LLC boosted its stake in Monolithic Power Systems by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 567 shares of the semiconductor company’s stock valued at $514,000 after acquiring an additional 12 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Zacks Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Stifel Nicolaus upped their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Raymond James Financial restated an “outperform” rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. KeyCorp upped their price objective on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Weiss Ratings downgraded shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 28th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,599.17.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,533.95, for a total transaction of $46,018.50. Following the completion of the transaction, the executive vice president directly owned 1,179 shares of the company’s stock, valued at $1,808,527.05. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deming Xiao sold 30,000 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the transaction, the executive vice president directly owned 205,959 shares of the company’s stock, valued at $340,769,463.45. This represents a 12.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 113,073 shares of company stock valued at $160,875,958. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $1,481.05 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $670.00 and a fifty-two week high of $1,714.09. The company has a market capitalization of $72.76 billion, a price-to-earnings ratio of 106.78, a price-to-earnings-growth ratio of 2.65 and a beta of 1.69. The firm has a 50-day simple moving average of $1,462.17 and a 200-day simple moving average of $1,184.55.

Monolithic Power Systems (NASDAQ:MPWR) last announced its 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 net margin of 22.84% and a return on equity of 19.58%. The business had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. During the same quarter in the prior year, the firm earned $4.04 earnings per share. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

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.