CIBC Asset Management Inc Boosts Stake in Monolithic Power Systems, Inc. $MPWR

CIBC Asset Management Inc lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 202.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,041 shares of the semiconductor company’s stock after purchasing an additional 13,423 shares during the period. CIBC Asset Management Inc’s holdings in Monolithic Power Systems were worth $18,164,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Monolithic Power Systems during the fourth quarter worth approximately $34,000. IFP Advisors Inc increased its position in shares of Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares in the last quarter. Covestor Ltd increased its position in shares of Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 9 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Monolithic Power Systems by 542.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock worth $41,000 after buying an additional 38 shares during the period. Finally, Torren Management LLC acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,533.95, for a total value of $46,018.50. Following the transaction, the executive vice president directly owned 1,179 shares in the company, valued at $1,808,527.05. The trade was a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Saria Tseng sold 7,565 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the sale, the executive vice president directly owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. This trade represents a 4.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 113,073 shares of company stock valued at $160,875,958 in the last three months. 3.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MPWR shares. Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Weiss Ratings cut shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 28th. Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. KeyCorp upped their price target on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,599.17.

Monolithic Power Systems Price Performance

MPWR stock opened at $1,652.60 on Friday. The business has a 50 day simple moving average of $1,454.93 and a 200-day simple moving average of $1,182.46. The firm has a market capitalization of $81.19 billion, a PE ratio of 119.15, a price-to-earnings-growth ratio of 3.02 and a beta of 1.69. Monolithic Power Systems, Inc. has a 1 year low of $670.00 and a 1 year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. During the same period last year, the company earned $4.04 EPS. The company’s revenue for the quarter was up 26.1% on a year-over-year basis. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.