Vestcor Inc Grows Stake in Monolithic Power Systems, Inc. $MPWR

Vestcor Inc lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 44.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,348 shares of the semiconductor company’s stock after buying an additional 415 shares during the period. Vestcor Inc’s holdings in Monolithic Power Systems were worth $1,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Monolithic Power Systems in the 4th quarter worth $34,000. IFP Advisors Inc grew its holdings in Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares in the last quarter. Covestor Ltd grew its holdings in Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 9 shares in the last quarter. Torren Management LLC purchased a new position in shares of Monolithic Power Systems in the fourth quarter valued at $49,000. Finally, WPG Advisers LLC grew its holdings in shares of Monolithic Power Systems by 43.9% in the fourth quarter. WPG Advisers LLC now owns 59 shares of the semiconductor company’s stock valued at $53,000 after purchasing an additional 18 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $1,481.05 on Monday. The stock’s 50 day simple moving average is $1,462.17 and its two-hundred day simple moving average is $1,186.58. Monolithic Power Systems, Inc. has a 12 month low of $670.00 and a 12 month high of $1,714.09. The firm has a market cap of $72.76 billion, a PE ratio of 106.78, a P/E/G ratio of 2.65 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data 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 net margin of 22.84% and a return on equity of 19.58%. The company had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. During the same quarter in the previous year, the company earned $4.04 earnings per share. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Insider Buying and Selling

In other Monolithic Power Systems news, Director Jeff Zhou sold 486 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the completion of the transaction, the director directly owned 3,800 shares in the company, valued at approximately $6,384,000. This represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Saria Tseng sold 7,565 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the transaction, the executive vice president owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. This trade represents a 4.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 113,073 shares of company stock worth $160,875,958 in the last 90 days. 3.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MPWR. Stifel Nicolaus raised their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a research report on Friday, May 1st. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Wells Fargo & Company raised their price objective on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target 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.