UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $165.47 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 20.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 279,650 shares of the semiconductor company's stock after purchasing an additional 47,599 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.57% of Monolithic Power Systems worth $165,469,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MPWR. Tradewinds Capital Management LLC grew 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 acquiring an additional 24 shares during the period. OFI Invest Asset Management purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $27,000. Itau Unibanco Holding S.A. grew its stake 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 worth $35,000 after acquiring an additional 51 shares during the period. Golden State Wealth Management LLC purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $39,000. Finally, AlphaQuest LLC purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $41,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Trading Down 0.4%

MPWR stock traded down $2.89 during trading on Wednesday, reaching $682.63. The stock had a trading volume of 89,911 shares, compared to its average volume of 791,528. The firm has a fifty day moving average price of $596.38 and a 200 day moving average price of $611.07. The company has a market capitalization of $32.68 billion, a P/E ratio of 18.57, a PEG ratio of 2.60 and a beta of 1.18. 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 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 firm had revenue of $637.55 million for the quarter, compared to analysts' expectations of $633.43 million. During the same quarter last year, the company posted $2.81 earnings per share. Monolithic Power Systems'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 year.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction on Monday, May 12th. The shares were 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 owns 4,015 shares of the company's stock, valued at $2,814,515. This trade represents a 74.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 12,200 shares of company stock valued at $8,546,800 over the last quarter. Insiders own 3.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MPWR shares. KeyCorp decreased their price target on shares of Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. TD Cowen lifted their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Oppenheimer reiterated an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. Stifel Nicolaus decreased their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $644.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of "Moderate Buy" and a consensus price target 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.