Nissay Asset Management Corp Japan ADV Grows Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Nissay Asset Management Corp Japan ADV raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,450 shares of the semiconductor company’s stock after buying an additional 391 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Monolithic Power Systems were worth $10,079,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tradewinds Capital Management LLC grew its holdings in Monolithic Power Systems by 120.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 24 shares in the last quarter. OFI Invest Asset Management purchased a new position in Monolithic Power Systems during the 4th quarter valued at approximately $27,000. Itau Unibanco Holding S.A. grew its holdings in Monolithic Power Systems by 637.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 51 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Monolithic Power Systems during the 4th quarter valued at approximately $39,000. Finally, AlphaQuest LLC purchased a new position in Monolithic Power Systems during the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 0.5%

MPWR opened at $734.28 on Thursday. The business has a fifty day moving average of $580.88 and a 200 day moving average of $620.13. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64. The stock has a market cap of $35.16 billion, a P/E ratio of 19.97, a PEG ratio of 2.60 and a beta of 1.18.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Citigroup lifted their target price on Monolithic Power Systems from $615.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Rosenblatt Securities reiterated a “neutral” rating and issued a $644.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Loop Capital lifted their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Stifel Nicolaus dropped their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Finally, TD Cowen lifted their target price on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $779.83.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 776 shares in the company, valued at approximately $504,400. This represents 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 company’s stock in a transaction on 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 sale, the executive vice president now owns 4,015 shares of the company’s stock, 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 ninety days, insiders sold 12,200 shares of company stock worth $8,546,800. 3.70% of the stock is currently owned by company insiders.

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.