Foundations Investment Advisors LLC Purchases Shares of 523 Monolithic Power Systems, Inc. $MPWR

Foundations Investment Advisors LLC purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the fourth quarter, Holdings Channel.com reports. The firm purchased 523 shares of the semiconductor company’s stock, valued at approximately $474,000.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Monolithic Power Systems by 2.3% in the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after acquiring an additional 134,087 shares during the period. State Street Corp increased its stake in shares of Monolithic Power Systems by 0.7% in the third quarter. State Street Corp now owns 2,134,704 shares of the semiconductor company’s stock worth $1,968,578,000 after acquiring an additional 14,670 shares during the period. Geode Capital Management LLC increased its stake in shares of Monolithic Power Systems by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company’s stock worth $1,248,436,000 after acquiring an additional 44,583 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Monolithic Power Systems by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock worth $794,723,000 after acquiring an additional 6,503 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Monolithic Power Systems by 18.0% in the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock worth $506,661,000 after acquiring an additional 105,721 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $1,624.99 on Wednesday. The company’s fifty day moving average price is $1,420.51 and its 200 day moving average price is $1,167.22. Monolithic Power Systems, Inc. has a 1 year low of $662.79 and a 1 year high of $1,714.09. The company has a market capitalization of $79.84 billion, a PE ratio of 117.16, a price-to-earnings-growth ratio of 2.76 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The firm had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. During the same period in the prior year, the firm posted $4.04 earnings per share. The firm’s quarterly revenue was up 26.1% compared to the same quarter last year. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MPWR. Wells Fargo & Company increased their price objective on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. TD Cowen increased their price objective on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Weiss Ratings lowered shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 28th. Finally, Truist Financial set a $1,805.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.

Insider Activity

In related news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the sale, the executive vice president directly owned 166,644 shares of the company’s stock, valued at approximately $260,197,941.60. This represents a 6.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eileen Wynne sold 335 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,582.68, for a total transaction of $530,197.80. Following the sale, the director directly owned 1,007 shares in the company, valued at $1,593,758.76. This trade represents a 24.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 113,043 shares of company stock valued at $160,829,940 in the last three months. Corporate insiders own 3.40% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.