Lifestyle Asset Management Inc. Takes $876,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Lifestyle Asset Management Inc. bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,510 shares of the semiconductor company's stock, valued at approximately $876,000.

Several other institutional investors have also recently made changes to their positions in MPWR. Tradewinds Capital Management LLC grew its stake in Monolithic Power Systems by 120.0% during 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 in the last quarter. OFI Invest Asset Management bought a new position in Monolithic Power Systems in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter valued at $29,000. Itau Unibanco Holding S.A. increased its holdings in shares of 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 worth $35,000 after purchasing an additional 51 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR traded up $6.02 during trading hours on Friday, reaching $687.08. The company's stock had a trading volume of 293,532 shares, compared to its average volume of 795,072. The firm has a market capitalization of $32.90 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 2.60 and a beta of 1.18. The firm has a 50-day simple moving average of $606.98 and a 200-day simple moving average of $614.53. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.04. The firm had revenue of $637.55 million for the quarter, compared to analysts' expectations of $633.43 million. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The business's revenue was up 39.2% on a year-over-year basis. During the same quarter last year, the business earned $2.81 earnings per share. Equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Citigroup boosted their target price on Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a research report on Wednesday. Oppenheimer reissued an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, March 21st. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $644.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Raymond James reissued an "outperform" rating and issued a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, Stifel Nicolaus lowered their price objective on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $786.92.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $650.00, for a total transaction 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the executive vice president now directly owns 4,015 shares of the company's stock, valued at approximately $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,200 shares of company stock worth $8,546,800 in the last 90 days. Company insiders own 3.40% of the company's stock.

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.