Armis Advisers LLC Takes Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Armis Advisers LLC bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 406 shares of the semiconductor company's stock, valued at approximately $240,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tradewinds Capital Management LLC raised its holdings in shares of 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 purchasing an additional 24 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Monolithic Power Systems during the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new stake in Monolithic Power Systems during the fourth quarter worth about $29,000. Itau Unibanco Holding S.A. increased its holdings in Monolithic Power Systems by 637.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after buying an additional 51 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in Monolithic Power Systems during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Buying and Selling

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the business'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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the business'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 completion of 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 position. 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 quarter. Corporate insiders own 3.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Needham & Company LLC restated a "buy" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 2nd. Raymond James reiterated an "outperform" rating and issued a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Loop Capital lifted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Oppenheimer reiterated an "outperform" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st. Finally, Stifel Nicolaus reduced their target price on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of "Moderate Buy" and an average price target of $779.83.

Monolithic Power Systems Stock Down 3.7%

Shares of MPWR stock traded down $25.18 during mid-day trading on Friday, reaching $655.54. 950,305 shares of the company's stock traded hands, compared to its average volume of 796,470. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64. The company has a market cap of $31.39 billion, a P/E ratio of 17.83, a P/E/G ratio of 2.60 and a beta of 1.18. The company's 50-day moving average price is $599.61 and its 200-day moving average price is $611.91.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.00 by $0.04. The company 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%. Monolithic Power Systems's revenue was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.81 EPS. Equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

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.