Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Granahan Investment Management LLC

Granahan Investment Management LLC raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 400 shares of the semiconductor company’s stock after purchasing an additional 42 shares during the period. Granahan Investment Management LLC’s holdings in Monolithic Power Systems were worth $237,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MPWR. Barclays PLC increased its holdings in Monolithic Power Systems by 5.0% during the 3rd quarter. Barclays PLC now owns 322,115 shares of the semiconductor company’s stock valued at $297,799,000 after acquiring an additional 15,350 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Monolithic Power Systems by 5.5% in the fourth quarter. Nordea Investment Management AB now owns 4,082 shares of the semiconductor company’s stock valued at $2,465,000 after purchasing an additional 213 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Monolithic Power Systems by 10.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,509 shares of the semiconductor company’s stock valued at $2,076,000 after purchasing an additional 329 shares during the last quarter. Graypoint LLC increased its stake in shares of Monolithic Power Systems by 7.2% during the 4th quarter. Graypoint LLC now owns 432 shares of the semiconductor company’s stock worth $256,000 after purchasing an additional 29 shares in the last quarter. Finally, West Oak Capital LLC raised its position in shares of Monolithic Power Systems by 990.9% during the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 545 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MPWR shares. Oppenheimer reissued an “outperform” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, March 21st. Loop Capital lifted their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company reduced their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. Needham & Company LLC reiterated a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. Finally, Citigroup upped their price objective on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $779.83.

Monolithic Power Systems Stock Down 0.3 %

MPWR stock opened at $638.21 on Friday. The company has a market cap of $30.56 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 2.60 and a beta of 1.18. The business has a fifty day simple moving average of $572.75 and a 200-day simple moving average of $621.79. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping the consensus estimate of $4.00 by $0.04. The company had revenue of $637.55 million during the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The firm’s revenue was up 39.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.81 earnings per share. As a group, analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following the transaction, the director now owns 776 shares in the company, valued at $504,400. The trade was a 11.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.