Lazard Asset Management LLC Purchases 5,392 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Lazard Asset Management LLC increased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 15.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,835 shares of the semiconductor company’s stock after purchasing an additional 5,392 shares during the quarter. Lazard Asset Management LLC owned approximately 0.08% of Monolithic Power Systems worth $23,569,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MPWR. Tradewinds Capital Management LLC raised its holdings 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 valued at $26,000 after purchasing an additional 24 shares during the period. OFI Invest Asset Management bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at about $27,000. Itau Unibanco Holding S.A. raised its holdings 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 valued at $35,000 after purchasing an additional 51 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at about $39,000. Finally, AlphaQuest LLC acquired a new position in Monolithic Power Systems in the 4th quarter valued at about $41,000. 93.46% of the stock is owned by institutional investors.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems 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 transaction, the executive vice president now directly owns 4,015 shares in the company, valued at approximately $2,814,515. This represents a 74.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $698.00, for a total transaction of $69,800.00. Following the completion of the transaction, the director now owns 676 shares of the company’s stock, valued at $471,848. This trade represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,200 shares of company stock worth $8,546,800 in the last three months. 3.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on MPWR. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Wells Fargo & Company decreased their price target on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating on the stock in a research note on Friday, March 21st. Oppenheimer reiterated an “outperform” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, March 21st. Rosenblatt Securities reiterated a “neutral” rating and issued a $644.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, Raymond James reiterated an “outperform” rating and issued a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems 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. 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 Stock Up 4.0%

NASDAQ MPWR opened at $737.73 on Wednesday. The company’s 50 day moving average is $574.69 and its 200-day moving average is $618.50. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64. The firm has a market cap of $35.32 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating the consensus estimate of $4.00 by $0.04. The company had revenue of $637.55 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.81 earnings per share. Equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

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.