UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 20.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 279,650 shares of the semiconductor company’s stock after acquiring an additional 47,599 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Monolithic Power Systems were worth $165,469,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

MPWR has been the topic of a number of recent analyst reports. Loop Capital increased their price target 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 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 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. Stifel Nicolaus cut 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. Finally, TD Cowen raised their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. 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 data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average target price of $779.83.

Monolithic Power Systems Trading Down 0.9%

Shares of Monolithic Power Systems stock opened at $672.20 on Friday. The firm has a fifty day simple moving average of $593.40 and a 200-day simple moving average of $614.27. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The stock has a market capitalization of $32.18 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 2.60 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR) last announced 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. The business had revenue of $637.55 million for the quarter, compared to analyst estimates 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 firm posted $2.81 earnings per share. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Insider Activity

In related news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction that occurred 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total value of $65,000.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,200 shares of company stock worth $8,546,800. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems 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.