EP Wealth Advisors LLC Makes New Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

EP Wealth Advisors LLC bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, HoldingsChannel reports. The institutional investor bought 491 shares of the semiconductor company’s stock, valued at approximately $454,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Dynamic Advisor Solutions LLC boosted its stake in shares of Monolithic Power Systems by 3.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after buying an additional 12 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Monolithic Power Systems by 59.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 603 shares of the semiconductor company’s stock worth $496,000 after buying an additional 225 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Monolithic Power Systems by 22.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,273 shares of the semiconductor company’s stock worth $2,690,000 after buying an additional 592 shares during the last quarter. Swedbank AB boosted its stake in shares of Monolithic Power Systems by 39.2% in the 2nd quarter. Swedbank AB now owns 6,961 shares of the semiconductor company’s stock worth $5,720,000 after buying an additional 1,961 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Monolithic Power Systems by 8.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,128 shares of the semiconductor company’s stock worth $927,000 after buying an additional 89 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $605.45 on Friday. The business’s 50 day moving average is $737.10 and its two-hundred day moving average is $807.89. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64. The stock has a market capitalization of $29.53 billion, a P/E ratio of 68.26, a PEG ratio of 2.81 and a beta of 1.05.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The business had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on MPWR. TD Cowen dropped their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, September 27th. KeyCorp lowered their target price on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Rosenblatt Securities downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Oppenheimer restated an “outperform” rating and issued a $900.00 price objective on shares of Monolithic Power Systems in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $828.67.

Insider Activity

In related news, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $929.59, for a total value of $10,225,490.00. Following the completion of the sale, the executive vice president now owns 103,829 shares in the company, valued at approximately $96,518,400.11. The trade was a 9.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the completion of the sale, the chief financial officer now owns 53,444 shares of the company’s stock, valued at $32,066,400. The trade was a 4.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,100 shares of company stock valued at $17,153,021. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems Company 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.