Mufg Securities Americas Inc. Purchases New Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mufg Securities Americas Inc. purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 720 shares of the semiconductor company’s stock, valued at approximately $426,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Avantax Advisory Services Inc. increased its position in shares of Monolithic Power Systems by 0.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company’s stock valued at $1,893,000 after acquiring an additional 14 shares during the last quarter. WP Advisors LLC increased its position in shares of Monolithic Power Systems by 3.2% during the fourth quarter. WP Advisors LLC now owns 522 shares of the semiconductor company’s stock valued at $309,000 after acquiring an additional 16 shares during the last quarter. Allworth Financial LP increased its position in shares of Monolithic Power Systems by 11.5% during the fourth quarter. Allworth Financial LP now owns 155 shares of the semiconductor company’s stock valued at $92,000 after acquiring an additional 16 shares during the last quarter. Keybank National Association OH increased its position in shares of Monolithic Power Systems by 1.2% during the fourth quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company’s stock valued at $1,079,000 after acquiring an additional 22 shares during the last quarter. Finally, Truvestments Capital LLC increased its position in shares of Monolithic Power Systems by 5.0% during the fourth quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company’s stock valued at $273,000 after acquiring an additional 22 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MPWR shares. TD Cowen increased their price objective on Monolithic Power Systems from $600.00 to $675.00 and gave the company a “buy” rating in a report on Friday, May 2nd. KeyCorp reduced their price objective on Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Raymond James reissued an “outperform” rating and set a $720.00 price objective (down from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Wells Fargo & Company reduced their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Finally, Citigroup increased their price objective on Monolithic Power Systems from $615.00 to $700.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $779.83.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction on Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the completion of the sale, the executive vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $650.00, for a total value of $65,000.00. Following the sale, the director now directly owns 776 shares of the company’s stock, valued at $504,400. This represents a 11.42% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,200 shares of company stock valued at $8,546,800. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $710.32 on Friday. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The business has a fifty day moving average price of $583.45 and a 200-day moving average price of $618.88. The firm has a market capitalization of $34.01 billion, a P/E ratio of 19.32, a PEG ratio of 2.60 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $637.55 million during the quarter, compared to analyst estimates of $633.43 million. During the same period last year, the company earned $2.81 earnings per share. The business’s revenue for the quarter was up 39.2% on a year-over-year basis. Sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Profile

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.