Cetera Investment Advisers Has $5.29 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Cetera Investment Advisers raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 19.6% during the fourth quarter, Holdings Channel reports. The firm owned 8,938 shares of the semiconductor company’s stock after purchasing an additional 1,465 shares during the period. Cetera Investment Advisers’ holdings in Monolithic Power Systems were worth $5,288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tradewinds Capital Management LLC lifted its position in shares of 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 purchasing an additional 24 shares during the period. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $27,000. Itau Unibanco Holding S.A. lifted its position in shares of 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 purchasing an additional 51 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $39,000. Finally, AlphaQuest LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of recent analyst reports. Raymond James restated an “outperform” rating and issued a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Citigroup boosted their target price on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Loop Capital boosted their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Oppenheimer reiterated an “outperform” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, March 21st. Finally, KeyCorp dropped their target price on shares of Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $779.83.

Monolithic Power Systems Trading Up 4.0%

MPWR opened at $737.73 on Wednesday. The company’s fifty day moving average price is $574.69 and its two-hundred day moving average price is $618.50. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The company has a market cap of $35.32 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 2.60 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $633.43 million. During the same quarter in the prior year, the business posted $2.81 EPS. The business’s revenue was up 39.2% compared to the same quarter last year. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the company’s stock in a transaction on Monday, May 12th. The shares were 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 in the company, valued at $2,814,515. This represents a 74.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the transaction, the director now owns 676 shares of the company’s stock, valued at approximately $471,848. The trade was a 12.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,200 shares of company stock worth $8,546,800 in the last quarter. 3.70% of the stock is currently owned by corporate insiders.

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.