FMR LLC Discloses 5.276% Passive Stake in Monolithic Power Systems
Ticker: MPWR · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 1280452
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**FMR LLC just revealed a 5.276% passive stake in Monolithic Power Systems, signaling institutional confidence.**
AI Summary
FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have disclosed a 5.276% beneficial ownership stake in Monolithic Power Systems Inc. (MPS), totaling 2,528,118 shares of common stock as of February 9, 2024. This filing indicates a significant, but passive, investment by a large institutional player, suggesting confidence in MPS's long-term prospects without seeking to influence management. This matters to investors because it signals that a sophisticated institutional investor sees value in MPS, potentially validating the stock's current valuation or future growth potential.
Why It Matters
This filing shows a major institutional investor, FMR LLC, has a significant stake in Monolithic Power Systems, which can be seen as a vote of confidence in the company's future.
Risk Assessment
Risk Level: low — This is a passive investment disclosure, indicating no immediate intent to influence company operations, thus posing low risk to current shareholders.
Analyst Insight
A smart investor would view this as a positive signal, as a large institutional investor like FMR LLC taking a significant passive stake suggests confidence in Monolithic Power Systems' long-term value. It might prompt further research into MPS's fundamentals and growth prospects.
Key Numbers
- 2,528,118 — Shares Beneficially Owned (Total common stock shares of Monolithic Power Systems Inc. held by FMR LLC and Abigail P. Johnson.)
- 5.276% — Percent of Class (The percentage of Monolithic Power Systems Inc.'s common stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, likely associated with FMR LLC
- MONOLITHIC POWER SYSTEMS INC (company) — issuer of the common stock
- 2,528,118 (dollar_amount) — total shares beneficially owned
- 5.276% (dollar_amount) — percentage of class beneficially owned
FAQ
Who is the primary entity reporting this ownership stake in Monolithic Power Systems Inc.?
The primary entity reporting this ownership stake is FMR LLC, as stated in Item 1 of the filing and identified as the 'Name of Person Filing' in Item 2(a).
What is the total number of shares of Monolithic Power Systems Inc. common stock beneficially owned by the reporting persons?
The total number of shares beneficially owned by the reporting persons, FMR LLC and Abigail P. Johnson, is 2,528,118, as indicated in Item 7 and Item 9 on the cover page for both reporting persons, and Item 4(a) for FMR LLC.
What percentage of Monolithic Power Systems Inc.'s common stock does FMR LLC beneficially own?
FMR LLC beneficially owns 5.276% of Monolithic Power Systems Inc.'s common stock, as stated in Item 11 on the cover page for both FMR LLC and Abigail P. Johnson, and Item 4(b) for FMR LLC.
Under which SEC rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the 'x' next to '[x] Rule 13d-1(b)' in the filing.
What is the CUSIP number for Monolithic Power Systems Inc. common stock?
The CUSIP number for Monolithic Power Systems Inc. common stock is 609839105, as listed under 'Cusip #609839105' and in Item 2(e) of the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding MONOLITHIC POWER SYSTEMS INC (MPWR).