Fideuram Asset Management Ireland dac Takes Position in Monolithic Power Systems, Inc. $MPWR

by · The Cerbat Gem

Fideuram Asset Management Ireland dac acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,395 shares of the semiconductor company’s stock, valued at approximately $3,983,000.

Other large investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Monolithic Power Systems during the fourth quarter valued at $34,000. IFP Advisors Inc boosted its holdings in 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 during the last quarter. Covestor Ltd boosted its holdings in 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 during the last quarter. Cornerstone Planning Group LLC boosted its holdings in Monolithic Power Systems by 542.9% in the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 38 shares during the last quarter. Finally, Torren Management LLC purchased a new stake in Monolithic Power Systems in the fourth quarter valued at $49,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Jeff Zhou sold 1,014 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1,587.06, for a total value of $1,609,278.84. Following the completion of the transaction, the director owned 4,786 shares in the company, valued at approximately $7,595,669.16. This represents a 17.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Eugen J. Elmiger sold 12,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the completion of the transaction, the director owned 5,402 shares of the company’s stock, valued at approximately $8,561,953.92. This trade represents a 68.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 105,478 shares of company stock valued at $147,969,440. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $1,633.17 on Friday. The firm has a 50-day simple moving average of $1,401.70 and a two-hundred day simple moving average of $1,158.93. The company has a market cap of $80.24 billion, a P/E ratio of 117.75, a price-to-earnings-growth ratio of 2.90 and a beta of 1.74. Monolithic Power Systems, Inc. has a fifty-two week low of $643.36 and a fifty-two week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last issued its quarterly earnings data 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 business had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The company’s revenue was up 26.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.04 earnings per share. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Truist Financial set a $1,805.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, Needham & Company LLC upped their price target on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company 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 company’s stock. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus target price of $1,599.17.

Get Our Latest Analysis on MPWR

About Monolithic Power Systems

(Free Report)

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.

Further Reading

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