Benjamin Edwards Inc. Acquires New Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Benjamin Edwards Inc. acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,001 shares of the semiconductor company's stock, valued at approximately $593,000.

Several other large investors have also made changes to their positions in the business. Tradewinds Capital Management LLC boosted its stake 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 worth $26,000 after purchasing an additional 24 shares during the period. OFI Invest Asset Management bought a new position in shares of Monolithic Power Systems during the fourth quarter worth $27,000. West Oak Capital LLC grew its stake in Monolithic Power Systems by 990.9% during the fourth quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 545 shares in the last quarter. Itau Unibanco Holding S.A. increased its holdings in 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 during the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in Monolithic Power Systems in the 4th quarter worth $39,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Monolithic Power Systems

In other 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 transaction of $8,412,000.00. Following the sale, the executive vice president now directly owns 4,015 shares in the company, valued at $2,814,515. This trade represents a 74.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total value of $65,000.00. Following the transaction, the director now directly owns 776 shares of the company's stock, valued at approximately $504,400. The trade was a 11.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,200 shares of company stock worth $8,546,800. Insiders own 3.70% of the company's stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR traded down $3.45 during trading hours on Wednesday, hitting $734.28. The company's stock had a trading volume of 589,480 shares, compared to its average volume of 788,272. The firm's fifty day moving average price is $574.69 and its 200 day moving average price is $618.50. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $959.64. The company has a market capitalization of $35.16 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 2.60 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping the consensus estimate of $4.00 by $0.04. The firm had revenue of $637.55 million during the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The business's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.81 EPS. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Rosenblatt Securities reiterated a "neutral" rating and issued a $644.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Stifel Nicolaus lowered their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company reduced their price target on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research report on Friday, March 21st. Loop Capital increased their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, TD Cowen boosted their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $779.83.

About Monolithic Power Systems

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.