Monolithic Power Systems, Inc. $MPWR Shares Bought by Vestcor Inc

Vestcor Inc boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 44.5% during the 4th quarter, according to its most recent disclosure 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 quarter. Vestcor Inc’s holdings in Monolithic Power Systems were worth $1,222,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MPWR. MCF Advisors LLC increased its position in shares of Monolithic Power Systems by 7.0% during the fourth quarter. MCF Advisors LLC now owns 243 shares of the semiconductor company’s stock worth $221,000 after purchasing an additional 16 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Monolithic Power Systems by 58.0% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,122 shares of the semiconductor company’s stock worth $5,549,000 after purchasing an additional 2,248 shares during the period. OneAscent Financial Services LLC acquired a new stake in shares of Monolithic Power Systems in the 4th quarter worth $239,000. OneAscent Investment Solutions LLC purchased a new stake in Monolithic Power Systems in the 4th quarter valued at approximately $315,000. Finally, Pinebridge Investments LLC purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $1,430,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Monolithic Power Systems

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MPWR shares. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Wells Fargo & Company raised their price target on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Raymond James Financial reiterated an “outperform” rating and issued a $1,800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 1st. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Zacks Research lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,599.17.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,481.05 on Monday. The stock has a market capitalization of $72.76 billion, a price-to-earnings ratio of 106.78, a PEG ratio of 2.65 and a beta of 1.69. The company’s 50-day simple moving average is $1,462.17 and its 200-day simple moving average is $1,186.58. Monolithic Power Systems, Inc. has a one year low of $670.00 and a one year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. During the same period in the prior year, the company posted $4.04 EPS. The business’s revenue was up 26.1% compared to the same quarter last year. As a group, research analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

About Monolithic Power Systems

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.