Private Advisor Group LLC Makes New $391,000 Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Private Advisor Group LLC purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 619 shares of the semiconductor company’s stock, valued at approximately $391,000.

Other hedge funds have also added to or reduced their stakes in the company. Arlington Trust Co LLC boosted its holdings in shares of Monolithic Power Systems by 56.1% in the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 23 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in Monolithic Power Systems in the fourth quarter valued at about $43,000. Operose Advisors LLC bought a new position in Monolithic Power Systems in the third quarter valued at about $43,000. Lindbrook Capital LLC raised its stake in Monolithic Power Systems by 137.0% during the fourth quarter. Lindbrook Capital LLC now owns 109 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 63 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of Monolithic Power Systems by 145.8% in the fourth quarter. Private Trust Co. NA now owns 118 shares of the semiconductor company’s stock worth $74,000 after acquiring an additional 70 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on MPWR shares. TD Cowen increased their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Truist Financial lifted their target price on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Oppenheimer upped their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Finally, KeyCorp upped their target price on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $743.78.

Read Our Latest Analysis on Monolithic Power Systems

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $756.74 on Wednesday. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $778.15. The business has a fifty day simple moving average of $677.63 and a two-hundred day simple moving average of $642.24. The company has a market capitalization of $36.84 billion, a P/E ratio of 90.20, a P/E/G ratio of 3.77 and a beta of 1.22.

Insiders Place Their Bets

In related news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total value of $5,294,800.00. Following the completion of the transaction, the chief executive officer now directly owns 891,232 shares of the company’s stock, valued at approximately $589,861,899.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $681.83, for a total value of $7,500,130.00. Following the completion of the transaction, the executive vice president now directly owns 130,744 shares of the company’s stock, valued at approximately $89,145,181.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Hsing sold 8,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $661.85, for a total value of $5,294,800.00. Following the completion of the sale, the chief executive officer now owns 891,232 shares in the company, valued at approximately $589,861,899.20. The disclosure for this sale can be found here. Insiders sold 45,130 shares of company stock worth $31,063,503 over the last quarter. 3.20% of the stock is currently owned by company insiders.

Monolithic Power Systems Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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