Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Monolithic Power Systems stock on April 8th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/17/2025.
- Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/16/2025.
- Sold $1,001 – $15,000 in shares of Western Digital (NASDAQ:WDC) on 4/11/2025.
- Sold $1,001 – $15,000 in shares of Western Digital (NASDAQ:WDC) on 4/10/2025.
- Sold $1,001 – $15,000 in shares of DexCom (NASDAQ:DXCM) on 4/8/2025.
- Sold $1,001 – $15,000 in shares of Invesco (NYSE:IVZ) on 4/8/2025.
- Sold $1,001 – $15,000 in shares of Generac (NYSE:GNRC) on 4/8/2025.
- Sold $15,001 – $50,000 in shares of Occidental Petroleum (NYSE:OXY) on 4/8/2025.
- Sold $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 4/8/2025.
- Sold $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 4/8/2025.
Monolithic Power Systems Trading Down 0.3%
Shares of MPWR opened at $638.21 on Monday. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64. The company has a market cap of $30.56 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. The stock has a 50-day moving average price of $572.75 and a 200-day moving average price of $619.85.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Rosenblatt Securities reissued a “neutral” rating and issued a $644.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. TD Cowen upped their price objective on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Loop Capital raised their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. Needham & Company LLC restated a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Finally, Raymond James reaffirmed an “outperform” rating and issued a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $779.83.
Check Out Our Latest Report on Monolithic Power Systems
Hedge Funds Weigh In On Monolithic Power Systems
Several institutional investors and hedge funds have recently bought and sold shares of MPWR. Barclays PLC grew its holdings in shares of Monolithic Power Systems by 5.0% in the third quarter. Barclays PLC now owns 322,115 shares of the semiconductor company’s stock worth $297,799,000 after purchasing an additional 15,350 shares during the last quarter. Nordea Investment Management AB boosted its position in Monolithic Power Systems by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 4,082 shares of the semiconductor company’s stock valued at $2,465,000 after buying an additional 213 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Monolithic Power Systems by 10.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,509 shares of the semiconductor company’s stock worth $2,076,000 after acquiring an additional 329 shares during the last quarter. Graypoint LLC increased its position in shares of Monolithic Power Systems by 7.2% in the fourth quarter. Graypoint LLC now owns 432 shares of the semiconductor company’s stock valued at $256,000 after acquiring an additional 29 shares during the period. Finally, West Oak Capital LLC increased its position in shares of Monolithic Power Systems by 990.9% in the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 545 shares during the period. 93.46% of the stock is currently owned by institutional investors.
Insider Activity
In related news, Director Kuo Wei Herbert Chang sold 100 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following the completion of the transaction, the director now owns 776 shares in the company, valued at $504,400. This represents a 11.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.70% of the company’s stock.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
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.
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