Pinebridge Investments LLC Buys Shares of 1,578 Monolithic Power Systems, Inc. $MPWR

Pinebridge Investments LLC bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,578 shares of the semiconductor company’s stock, valued at approximately $1,430,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Candriam S.C.A. raised its stake in shares of Monolithic Power Systems by 6.9% in the 3rd quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company’s stock worth $79,089,000 after buying an additional 5,561 shares in the last quarter. Vanguard Group Inc. raised its stake 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 buying an additional 134,087 shares in the last quarter. First Trust Advisors LP raised its stake 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 buying an additional 178,622 shares in the last quarter. Merit Financial Group LLC raised its stake in shares of Monolithic Power Systems by 183.9% in the 4th quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock worth $2,499,000 after buying an additional 1,786 shares in the last quarter. Finally, AIA Group Ltd bought a new stake in shares of Monolithic Power Systems in the 3rd quarter worth $1,459,000. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on MPWR. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Truist Financial set a $1,805.00 price objective on Monolithic Power Systems in a research note on Friday, May 1st. Weiss Ratings downgraded Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 28th. Zacks Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,599.17.

Insider Activity

In related news, EVP Deming Xiao sold 30,000 shares of the company’s stock in a transaction on 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 approximately $340,769,463.45. The trade was a 12.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the transaction, the executive vice president directly owned 166,644 shares in the company, valued at $260,197,941.60. The trade was a 6.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 113,073 shares of company stock valued at $160,875,958 in the last ninety days. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Trading Up 5.3%

Shares of MPWR opened at $1,559.18 on Tuesday. The business’s 50-day moving average price is $1,472.19 and its 200 day moving average price is $1,191.52. The stock has a market capitalization of $76.60 billion, a P/E ratio of 112.41, a P/E/G ratio of 2.65 and a beta of 1.69. Monolithic Power Systems, Inc. has a 1-year low of $670.00 and a 1-year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The firm had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.Monolithic Power Systems’s revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the business posted $4.04 EPS. On average, research analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share 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.