Titan Investment Solutions Ltd Takes Position in Monolithic Power Systems, Inc. $MPWR

Titan Investment Solutions Ltd purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, Holdings Channel reports. The fund purchased 9,710 shares of the semiconductor company’s stock, valued at approximately $8,801,000.

Other large investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Monolithic Power Systems during the fourth quarter valued at approximately $34,000. IFP Advisors Inc grew its position in shares of Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd grew its position in shares of 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. Torren Management LLC purchased a new position in Monolithic Power Systems in the fourth quarter worth approximately $49,000. Finally, Solstein Capital LLC grew its position in Monolithic Power Systems by 74.2% in the fourth quarter. Solstein Capital LLC now owns 54 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 23 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 892.3%

Shares of MPWR opened at $1,577.32 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $150.68 and a twelve month high of $1,714.09. The stock’s 50 day moving average is $1,510.26 and its two-hundred day moving average is $1,208.07. The firm has a market capitalization of $77.49 billion, a PE ratio of 113.72, a P/E/G ratio of 2.84 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last announced 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 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 analyst estimates of $781.93 million. During the same quarter in the previous year, the company earned $4.04 EPS. The firm’s revenue for the quarter was up 26.1% compared to the same quarter last year. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MPWR shares. TD Cowen raised their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. KeyCorp raised 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 report on Friday, May 1st. Truist Financial set a $1,805.00 price target on Monolithic Power Systems in a research note on Friday, May 1st. Wells Fargo & Company raised their price target on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Needham & Company LLC raised their price objective 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. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,599.17.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Eileen Wynne sold 335 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,582.68, for a total transaction of $530,197.80. Following the completion of the transaction, the director owned 1,007 shares of the company’s stock, valued at approximately $1,593,758.76. This trade represents a 24.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 of the company’s stock, valued at $340,769,463.45. The trade was a 12.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 113,073 shares of company stock worth $160,875,958. 3.40% of the stock is currently owned by company insiders.

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.