Kera Capital Partners Inc. Acquires Shares of 413 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Kera Capital Partners Inc. bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 413 shares of the semiconductor company's stock, valued at approximately $240,000.

A number of other large investors have also modified their holdings of the business. Avantax Advisory Services Inc. grew its holdings in shares of Monolithic Power Systems by 0.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock valued at $1,893,000 after purchasing an additional 14 shares during the period. WP Advisors LLC grew its stake in shares of Monolithic Power Systems by 3.2% in the 4th quarter. WP Advisors LLC now owns 522 shares of the semiconductor company's stock valued at $309,000 after buying an additional 16 shares during the period. Allworth Financial LP grew its stake in shares of Monolithic Power Systems by 11.5% in the 4th quarter. Allworth Financial LP now owns 155 shares of the semiconductor company's stock valued at $92,000 after buying an additional 16 shares during the period. Keybank National Association OH grew its stake in shares of Monolithic Power Systems by 1.2% in the 4th quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company's stock valued at $1,079,000 after buying an additional 22 shares during the period. Finally, Truvestments Capital LLC grew its position in Monolithic Power Systems by 5.0% in the fourth quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company's stock worth $273,000 after acquiring an additional 22 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Oppenheimer reiterated an "outperform" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, March 21st. Wells Fargo & Company lowered their price target 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. Citigroup increased their price target on Monolithic Power Systems from $615.00 to $700.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Raymond James reaffirmed an "outperform" rating and set a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, Loop Capital increased their price objective on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $779.83.

Insider Transactions at Monolithic Power Systems

In related news, 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 transaction of $65,000.00. Following the sale, the director now directly owns 776 shares in the company, valued at $504,400. This trade represents a 11.42% decrease in their position. 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 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 sale, the executive vice president now owns 4,015 shares in the company, valued at $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,200 shares of company stock valued at $8,546,800. Corporate insiders own 3.40% of the company's stock.

Monolithic Power Systems Trading Down 3.7%

NASDAQ:MPWR traded down $25.18 during mid-day trading on Friday, hitting $655.54. The stock had a trading volume of 950,305 shares, compared to its average volume of 796,470. The stock has a 50-day simple moving average of $599.61 and a two-hundred day simple moving average of $611.91. The company has a market capitalization of $31.39 billion, a PE ratio of 17.83, a PEG ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64.

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