Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stake Boosted by HighTower Advisors LLC

HighTower Advisors LLC increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Rating) by 116.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,400 shares of the semiconductor company’s stock after purchasing an additional 5,595 shares during the period. HighTower Advisors LLC’s holdings in Monolithic Power Systems were worth $3,673,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MPWR. Renaissance Technologies LLC increased its position in Monolithic Power Systems by 342.9% during the third quarter. Renaissance Technologies LLC now owns 423,341 shares of the semiconductor company’s stock worth $153,842,000 after buying an additional 327,755 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Monolithic Power Systems by 18.9% during the third quarter. Price T Rowe Associates Inc. MD now owns 1,743,681 shares of the semiconductor company’s stock valued at $640,215,000 after acquiring an additional 277,288 shares during the period. Van ECK Associates Corp boosted its holdings in Monolithic Power Systems by 85.3% during the fourth quarter. Van ECK Associates Corp now owns 537,366 shares of the semiconductor company’s stock valued at $190,018,000 after acquiring an additional 247,425 shares during the period. Brown Advisory Inc. boosted its holdings in Monolithic Power Systems by 23.9% during the third quarter. Brown Advisory Inc. now owns 1,158,902 shares of the semiconductor company’s stock valued at $421,145,000 after acquiring an additional 223,648 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Monolithic Power Systems by 41.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 448,962 shares of the semiconductor company’s stock valued at $158,757,000 after acquiring an additional 131,328 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MPWR shares. TD Cowen decreased their price target on shares of Monolithic Power Systems from $550.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, May 5th. Wells Fargo & Company decreased their price target on shares of Monolithic Power Systems from $525.00 to $510.00 in a report on Friday, May 5th. StockNews.com began coverage on shares of Monolithic Power Systems in a report on Thursday. They set a “hold” rating for the company. Raymond James increased their target price on shares of Monolithic Power Systems from $400.00 to $550.00 and gave the company an “outperform” rating in a research note on Thursday, February 9th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $620.00 target price on shares of Monolithic Power Systems in a research note on Thursday, February 9th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $522.67.

Monolithic Power Systems Stock Up 0.1 %

Shares of MPWR opened at $432.02 on Friday. The stock has a market cap of $20.48 billion, a price-to-earnings ratio of 44.77, a P/E/G ratio of 1.85 and a beta of 1.13. Monolithic Power Systems, Inc. has a 12 month low of $301.69 and a 12 month high of $541.39. The company has a 50-day moving average price of $464.04 and a two-hundred day moving average price of $429.47.

Insider Transactions at Monolithic Power Systems

In other news, CEO Michael Hsing sold 11,242 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $463.55, for a total transaction of $5,211,229.10. Following the completion of the sale, the chief executive officer now owns 1,067,017 shares of the company’s stock, valued at $494,615,730.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Michael Hsing sold 11,242 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $463.55, for a total transaction of $5,211,229.10. Following the completion of the sale, the chief executive officer now owns 1,067,017 shares of the company’s stock, valued at $494,615,730.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Theodore Blegen sold 711 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $409.78, for a total transaction of $291,353.58. Following the sale, the chief financial officer now directly owns 132,401 shares of the company’s stock, valued at approximately $54,255,281.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,298 shares of company stock valued at $18,378,940. Corporate insiders own 2.00% of the company’s stock.

Monolithic Power Systems Profile

(Get Rating)

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.