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Ethic Inc. Has $5.98 Million Stake in Monolithic Power Systems, Inc. $MPWR
Ethic Inc. increased its stake in Monolithic Power Systems (NASDAQ:MPWR) by 12.5% in the fourth quarter, now holding 6,592 shares valued at $5.98 million. Monolithic Power Systems showed strong quarterly earnings, beating estimates with a 26.1% year-over-year revenue increase to $804.2 million. Despite bullish analyst sentiment and a “Moderate Buy” consensus, the company has experienced significant insider selling from directors in early May.