Lord, Abbett Adds $154M in Monolithic Power Systems, Inc. ($MPWR)
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Lord, Abbett increased its position in Monolithic Power Systems, Inc. ($MPWR) by 1074.43% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 121,847 shares of Monolithic Power Systems, Inc. after buying 111,472 shares during the quarter. Lord, Abbett's holdings in Monolithic Power Systems, Inc. were worth $168.44 million as of its most recent filing.
Monolithic Power Systems, Inc. Stock Up 10.0%
Shares of Monolithic Power Systems, Inc. ($MPWR) traded around $1,382.36 on Saturday, up 10.0% for the day.
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Analysts Set New Price Targets
About Monolithic Power Systems, Inc.
Monolithic Power Systems, Inc. provides semiconductor-based power electronics solutions in China, Taiwan, South Korea, Southeast Asia, Europe, the United States, Japan, and internationally. The company offers direct current (DC) to DC solutions to convert and control voltages within a range of electronic systems, such as cloud-based and on-premises CPU servers and workstations, AI systems, memory, storage solutions, notebooks, infotainment, power sources, home appliances, network infrastructure, and satellite communications. It also provides alternating current (AC) to DC; driver metal-oxide-semiconductor field-effect transistors; power management integrated circuits (ICs); and current limit switch and lighting control products. The company serves storage and computing, enterprise data, automotive, communications, consumer, and industrial end markets through third-party distributors and value-added resellers. Monolithic Power Systems, Inc. was incorporated in 1997 and is based in West Palm Beach, Florida.
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