Lifestyle Asset Management Inc. purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,510 shares of the semiconductor company’s stock, valued at approximately $876,000.

Several other large investors also recently modified their holdings of MPWR. Tradewinds Capital Management LLC increased its holdings in Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 24 shares during the period. OFI Invest Asset Management bought a new position in Monolithic Power Systems during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC bought a new position in Monolithic Power Systems during the 4th quarter worth approximately $29,000. Itau Unibanco Holding S.A. increased its stake in shares of Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 51 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in Monolithic Power Systems during the 4th quarter valued at $39,000. 93.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MPWR has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 2nd. Loop Capital upped their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. KeyCorp dropped their price objective on Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. TD Cowen raised their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Finally, Citigroup increased their price objective on Monolithic Power Systems from $700.00 to $785.00 and gave the stock a “buy” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $786.92.

View Our Latest Stock Report on MPWR

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $694.75 on Thursday. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The stock has a market capitalization of $33.26 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. The business’s fifty day moving average is $604.96 and its 200 day moving average is $613.89.

Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The company had revenue of $637.55 million for the quarter, compared to analysts’ expectations of $633.43 million. During the same period last year, the firm posted $2.81 earnings per share. Monolithic Power Systems’s revenue was up 39.2% compared to the same quarter last year. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the transaction, the executive vice president now directly owns 4,015 shares of the company’s stock, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $650.00, for a total value of $65,000.00. Following the completion of the transaction, the director now directly owns 776 shares in the company, valued at $504,400. The trade was a 11.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,200 shares of company stock valued at $8,546,800 over the last ninety days. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Profile

(Free Report)

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.

Recommended Stories

Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Monolithic Power Systems, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Monolithic Power Systems wasn’t on the list.

While Monolithic Power Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Like this article? Share it with a colleague.

Link copied to clipboard.