Monolithic Power Systems, Inc. (NASDAQ:MPWR) Position Boosted by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 386.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,500 shares of the semiconductor company's stock after buying an additional 15,493 shares during the quarter. Sanctuary Advisors LLC's holdings in Monolithic Power Systems were worth $18,028,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of MPWR. Family Firm Inc. purchased a new stake in shares of Monolithic Power Systems in the second quarter valued at $25,000. NBC Securities Inc. grew its holdings in Monolithic Power Systems by 433.3% in the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock valued at $29,000 after buying an additional 26 shares during the period. Wolff Wiese Magana LLC increased its stake in shares of Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 34 shares during the last quarter. Crewe Advisors LLC increased its stake 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 valued at $35,000 after acquiring an additional 24 shares during the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Monolithic Power Systems during the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of research analyst reports. Citigroup assumed coverage on Monolithic Power Systems in a report on Wednesday. They issued a "buy" rating and a $700.00 target price on the stock. KeyCorp lowered their price target on Monolithic Power Systems from $1,075.00 to $700.00 and set an "overweight" rating for the company in a report on Monday, November 18th. Rosenblatt Securities cut Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. TD Cowen decreased their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Finally, Truist Financial reiterated a "buy" rating and set a $994.00 target price (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, Monolithic Power Systems currently has an average rating of "Moderate Buy" and an average price target of $828.67.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 11,000 shares of the business's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the completion of the transaction, the executive vice president now owns 103,829 shares in the company, valued at $96,518,400.11. The trade was a 9.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the business's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the transaction, the chief financial officer now directly owns 59,178 shares of the company's stock, valued at approximately $53,754,928.08. This trade represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,100 shares of company stock worth $17,153,021 over the last ninety days. 3.70% of the stock is owned by insiders.

Monolithic Power Systems Stock Up 0.1 %

Shares of Monolithic Power Systems stock traded up $0.71 on Friday, hitting $606.16. 316,197 shares of the company's stock traded hands, compared to its average volume of 621,207. The firm's 50-day moving average is $737.10 and its 200 day moving average is $807.89. The stock has a market cap of $29.57 billion, a P/E ratio of 68.26, a PEG ratio of 2.97 and a beta of 1.05. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.05). The firm had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Company Profile

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.