Cetera Investment Advisers Buys 1,465 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Cetera Investment Advisers increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 19.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,938 shares of the semiconductor company's stock after purchasing an additional 1,465 shares during the period. Cetera Investment Advisers' holdings in Monolithic Power Systems were worth $5,288,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Tradewinds Capital Management LLC grew its position in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 24 shares during the period. OFI Invest Asset Management bought a new stake in Monolithic Power Systems in the fourth quarter valued at $27,000. Itau Unibanco Holding S.A. grew its position in Monolithic Power Systems by 637.5% in the fourth 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 period. Golden State Wealth Management LLC bought a new stake in Monolithic Power Systems in the fourth quarter valued at $39,000. Finally, AlphaQuest LLC bought a new stake in Monolithic Power Systems in the fourth quarter valued at $41,000. 93.46% of the stock is currently owned by institutional investors.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the completion of the sale, the director now directly owns 676 shares in the company, valued at $471,848. This represents a 12.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction dated Monday, May 12th. The shares were 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 owns 4,015 shares in the company, valued at $2,814,515. This trade represents a 74.93% 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 worth $8,546,800. 3.40% of the stock is owned by insiders.

Monolithic Power Systems Trading Down 1.8%

Shares of MPWR traded down $13.01 during trading hours on Monday, hitting $702.39. 512,390 shares of the stock traded hands, compared to its average volume of 792,578. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The firm has a market capitalization of $33.63 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. The business has a fifty day moving average of $588.74 and a 200-day moving average of $613.88.

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 analysts' consensus estimates of $4.00 by $0.04. The business had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The firm's revenue was up 39.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.81 earnings per share. As a group, equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of analyst reports. KeyCorp lowered their price target on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Citigroup boosted their price objective on Monolithic Power Systems from $615.00 to $700.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. TD Cowen boosted their price objective 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. Wells Fargo & Company reduced their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Finally, Loop Capital boosted their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $779.83.

Monolithic Power Systems Company 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.