Belpointe Asset Management LLC Acquires Shares of 134 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Belpointe Asset Management LLC acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 134 shares of the semiconductor company’s stock, valued at approximately $48,000.

Several other institutional investors also recently bought and sold shares of the business. Dakota Wealth Management lifted its position in shares of Monolithic Power Systems by 5.3% in the fourth quarter. Dakota Wealth Management now owns 2,023 shares of the semiconductor company’s stock valued at $715,000 after acquiring an additional 102 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Monolithic Power Systems by 14.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,740 shares of the semiconductor company’s stock valued at $5,357,000 after acquiring an additional 1,851 shares in the last quarter. SVB Wealth LLC lifted its position in shares of Monolithic Power Systems by 31.1% in the third quarter. SVB Wealth LLC now owns 856 shares of the semiconductor company’s stock valued at $311,000 after acquiring an additional 203 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Monolithic Power Systems by 3.4% in the fourth quarter. Arizona State Retirement System now owns 12,581 shares of the semiconductor company’s stock valued at $4,449,000 after acquiring an additional 415 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Monolithic Power Systems by 1.0% in the third quarter. KBC Group NV now owns 54,367 shares of the semiconductor company’s stock valued at $19,757,000 after acquiring an additional 521 shares in the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Monolithic Power Systems news, CEO Michael Hsing sold 2,785 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $409.78, for a total transaction of $1,141,237.30. Following the completion of the sale, the chief executive officer now owns 1,060,407 shares of the company’s stock, valued at $434,533,580.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Theodore Blegen sold 920 shares of Monolithic Power Systems stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $487.99, for a total value of $448,950.80. Following the completion of the sale, the chief financial officer now directly owns 131,122 shares of the company’s stock, valued at $63,986,224.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Hsing sold 2,785 shares of Monolithic Power Systems stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $409.78, for a total value of $1,141,237.30. Following the completion of the sale, the chief executive officer now directly owns 1,060,407 shares of the company’s stock, valued at $434,533,580.46. The disclosure for this sale can be found here. Insiders sold a total of 39,298 shares of company stock valued at $18,378,940 over the last quarter. 3.00% of the stock is owned by insiders.

Monolithic Power Systems Stock Down 1.9 %

MPWR stock opened at $415.73 on Thursday. The business has a fifty day moving average of $460.66 and a two-hundred day moving average of $431.34. The stock has a market cap of $19.71 billion, a price-to-earnings ratio of 43.08, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. Monolithic Power Systems, Inc. has a 52-week low of $301.69 and a 52-week high of $541.39.

Analyst Ratings Changes

MPWR has been the topic of several research reports. Deutsche Bank Aktiengesellschaft decreased their target price on Monolithic Power Systems from $505.00 to $475.00 in a research report on Friday, May 5th. Rosenblatt Securities reiterated a “buy” rating and set a $620.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, February 9th. TD Cowen reduced their price objective on Monolithic Power Systems from $550.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, May 5th. Wells Fargo & Company reduced their price objective on Monolithic Power Systems from $525.00 to $510.00 in a research report on Friday, May 5th. Finally, KeyCorp lifted their price objective on Monolithic Power Systems from $425.00 to $560.00 and gave the stock an “overweight” rating in a research report on Thursday, February 9th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $522.67.

Monolithic Power Systems Profile

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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.