Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by American International Group Inc.

Posted by Defense World Staff on Jun 4th, 2023

American International Group Inc. increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Rating) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,064 shares of the semiconductor company’s stock after acquiring an additional 231 shares during the period. American International Group Inc.’s holdings in Monolithic Power Systems were worth $4,620,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MPWR. Guardian Wealth Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the third quarter worth about $27,000. Achmea Investment Management B.V. acquired a new stake in Monolithic Power Systems during the 1st quarter worth approximately $27,000. Trifecta Capital Advisors LLC purchased a new position in Monolithic Power Systems in the 4th quarter valued at approximately $34,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Monolithic Power Systems by 40.0% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 105 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 30 shares in the last quarter. Finally, AlphaCentric Advisors LLC acquired a new position in shares of Monolithic Power Systems in the third quarter worth $40,000. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of recent research reports. Cowen lifted their target price on Monolithic Power Systems from $490.00 to $550.00 and gave the company an “outperform” rating in a report on Thursday, February 9th. Raymond James boosted their price objective on Monolithic Power Systems from $400.00 to $550.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Monolithic Power Systems from $505.00 to $475.00 in a report on Friday, May 5th. Needham & Company LLC lowered their price target on shares of Monolithic Power Systems from $525.00 to $500.00 in a report on Friday, May 5th. Finally, Truist Financial reduced their price objective on shares of Monolithic Power Systems from $608.00 to $527.00 in a report on Friday, May 5th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $522.67.

Monolithic Power Systems Stock Down 0.4 %

NASDAQ:MPWR opened at $497.25 on Friday. The company has a market capitalization of $23.57 billion, a PE ratio of 51.53, a P/E/G ratio of 2.14 and a beta of 1.12. Monolithic Power Systems, Inc. has a 52-week low of $301.69 and a 52-week high of $553.64. The stock’s 50 day moving average price is $462.00 and its 200 day moving average price is $437.67.

Insider Transactions at Monolithic Power Systems

In related news, VP Maurice Sciammas sold 857 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $409.78, for a total value of $351,181.46. Following the completion of the sale, the vice president now owns 204,349 shares in the company, valued at approximately $83,738,133.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Monolithic Power Systems news, CFO Theodore Blegen sold 920 shares of Monolithic Power Systems stock in a transaction that occurred 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 sale, the chief financial officer now owns 131,122 shares of the company’s stock, valued at approximately $63,986,224.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Maurice Sciammas sold 857 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $409.78, for a total value of $351,181.46. Following the transaction, the vice president now directly owns 204,349 shares of the company’s stock, valued at $83,738,133.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,298 shares of company stock worth $18,378,940. Insiders own 2.00% of the company’s stock.

About Monolithic Power Systems

(Get Rating)

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.