BlackRock Amends MPS Stake, Maintains Significant Position
Ticker: MPWR · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1280452
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, semiconductors
TL;DR
**BlackRock still owns a big chunk of Monolithic Power Systems, good sign for the stock!**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, disclosing its ownership of Monolithic Power Systems Inc. (MPS) common stock as of December 31, 2023. This amendment, number 2, indicates that BlackRock continues to hold a significant stake in MPS, a semiconductor company. For investors, this filing confirms that a major institutional investor like BlackRock maintains its position, which can be seen as a vote of confidence in MPS's long-term prospects.
Why It Matters
This filing shows that a major institutional investor, BlackRock, continues to hold a substantial stake in Monolithic Power Systems, signaling their ongoing confidence in the company.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate negative risks.
Analyst Insight
Investors should note that a major institutional investor like BlackRock continues to hold a position in Monolithic Power Systems, which could be a positive signal, but this filing alone doesn't provide details on the size of the stake or any changes, so further investigation into BlackRock's specific holdings would be beneficial.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- Monolithic Power Systems Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant ownership stake in Monolithic Power Systems Inc. throughout 2024. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It was filed by BlackRock Inc.
What company's stock is the subject of this filing?
The subject company is Monolithic Power Systems Inc., identified by CIK 0001280452 and CUSIP 609839105.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement was December 31, 2023.
What is the business address of Monolithic Power Systems Inc.?
Monolithic Power Systems Inc.'s business address is 5808 Lake Washington Blvd. NE, Kirkland, WA 98033.
What is the business address of BlackRock Inc.?
BlackRock Inc.'s business address is 50 Hudson Yards, New York, NY 10001.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding MONOLITHIC POWER SYSTEMS INC (MPWR).