Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 191,147 shares of the semiconductor company’s stock after purchasing an additional 1,102 shares during the period. DekaBank Deutsche Girozentrale owned 0.39% of Monolithic Power Systems worth $156,276,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Family Firm Inc. acquired a new position in shares of Monolithic Power Systems during the 2nd quarter worth about $25,000. RiverPark Advisors LLC acquired a new position in shares of Monolithic Power Systems during the 1st quarter worth about $27,000. Atwood & Palmer Inc. acquired a new position in shares of Monolithic Power Systems during the 2nd quarter worth about $33,000. Crewe Advisors LLC raised its position in shares of Monolithic Power Systems by 126.3% during the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems during the 1st quarter worth about $31,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $895.91 on Friday. The company has a 50 day simple moving average of $856.06 and a 200-day simple moving average of $768.53. The company has a market capitalization of $43.68 billion, a P/E ratio of 106.78, a P/E/G ratio of 4.14 and a beta of 1.12. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. The business had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The business’s revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 EPS. As a group, research analysts expect that Monolithic Power Systems, Inc. will post 10.41 EPS for the current year.

Insider Buying and Selling

In related news, EVP Saria Tseng sold 37,093 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $808.20, for a total transaction of $29,978,562.60. Following the completion of the transaction, the executive vice president now owns 166,428 shares of the company’s stock, valued at approximately $134,507,109.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Monolithic Power Systems news, EVP Maurice Sciammas sold 10,999 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $843.83, for a total value of $9,281,286.17. Following the completion of the transaction, the executive vice president now owns 118,876 shares of the company’s stock, valued at approximately $100,311,135.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Saria Tseng sold 37,093 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $808.20, for a total transaction of $29,978,562.60. Following the completion of the transaction, the executive vice president now directly owns 166,428 shares of the company’s stock, valued at approximately $134,507,109.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,299 shares of company stock valued at $83,140,933. Company insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

MPWR has been the subject of several research analyst reports. Truist Financial upped their price target on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. TD Cowen increased their price objective on shares of Monolithic Power Systems from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Oppenheimer increased their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. Finally, KeyCorp increased their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average target price of $912.30.

About Monolithic Power Systems

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.