Oppenheimer & Co. Inc. Has $3.21 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Oppenheimer & Co. Inc. decreased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 17.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,900 shares of the semiconductor company’s stock after selling 818 shares during the period. Oppenheimer & Co. Inc.’s holdings in Monolithic Power Systems were worth $3,205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MPWR. Gilbert & Cook Inc. lifted its position in Monolithic Power Systems by 8.6% during the 4th quarter. Gilbert & Cook Inc. now owns 1,608 shares of the semiconductor company’s stock worth $1,014,000 after buying an additional 127 shares in the last quarter. Private Advisor Group LLC acquired a new position in Monolithic Power Systems during the 4th quarter worth about $391,000. Avantax Advisory Services Inc. acquired a new position in Monolithic Power Systems during the 4th quarter worth about $416,000. Quadrant Capital Group LLC lifted its position in Monolithic Power Systems by 4.3% during the 4th quarter. Quadrant Capital Group LLC now owns 463 shares of the semiconductor company’s stock worth $292,000 after buying an additional 19 shares in the last quarter. Finally, NorthRock Partners LLC bought a new stake in Monolithic Power Systems during the 4th quarter worth about $253,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling

In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the completion of the sale, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Monolithic Power Systems news, EVP Deming Xiao sold 9,259 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the completion of the transaction, the executive vice president now owns 20,455 shares of the company’s stock, valued at approximately $19,432,250. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00. Following the transaction, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The disclosure for this sale can be found here. In the last three months, insiders sold 98,299 shares of company stock valued at $83,140,933. 3.20% of the stock is owned by corporate insiders.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $914.10 on Monday. The stock has a 50-day moving average of $858.65 and a 200-day moving average of $771.59. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $959.64. The stock has a market cap of $44.56 billion, a PE ratio of 108.95, a price-to-earnings-growth ratio of 4.14 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The business had revenue of $507.40 million during the quarter, compared to analysts’ expectations of $490.66 million. During the same period in the prior year, the business earned $2.05 EPS. Monolithic Power Systems’s revenue for the quarter was up 15.0% compared to the same quarter last year. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MPWR shares. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Truist Financial boosted their price objective on Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Oppenheimer boosted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Rosenblatt Securities boosted their price objective on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, TD Cowen boosted their price objective on Monolithic Power Systems from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $912.30.

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.