M&T Bank Corp Has $2.33 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

M&T Bank Corp raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,697 shares of the semiconductor company’s stock after purchasing an additional 240 shares during the quarter. M&T Bank Corp’s holdings in Monolithic Power Systems were worth $2,332,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MPWR. Commonwealth Equity Services LLC raised its position in Monolithic Power Systems by 6.1% during the third quarter. Commonwealth Equity Services LLC now owns 2,851 shares of the semiconductor company’s stock valued at $1,317,000 after buying an additional 165 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Monolithic Power Systems by 1.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 15,723 shares of the semiconductor company’s stock valued at $7,264,000 after purchasing an additional 174 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Monolithic Power Systems by 16.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,579 shares of the semiconductor company’s stock worth $8,121,000 after purchasing an additional 2,531 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in shares of Monolithic Power Systems by 1.3% during the third quarter. IFM Investors Pty Ltd now owns 8,665 shares of the semiconductor company’s stock worth $4,003,000 after purchasing an additional 108 shares during the period. Finally, Advisor Partners II LLC boosted its holdings in shares of Monolithic Power Systems by 2.2% during the third quarter. Advisor Partners II LLC now owns 3,327 shares of the semiconductor company’s stock worth $1,537,000 after purchasing an additional 73 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other news, Director Jeff Zhou sold 200 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $750.57, for a total value of $150,114.00. Following the completion of the sale, the director now directly owns 6,269 shares in the company, valued at $4,705,323.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $681.83, for a total value of $7,500,130.00. Following the completion of the sale, the executive vice president now directly owns 130,744 shares in the company, valued at $89,145,181.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeff Zhou sold 200 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $750.57, for a total transaction of $150,114.00. Following the completion of the sale, the director now owns 6,269 shares of the company’s stock, valued at $4,705,323.33. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,700 shares of company stock worth $28,009,914. 3.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Oppenheimer increased their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Needham & Company LLC reissued a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Wells Fargo & Company upped their target price on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Finally, TD Cowen lifted their price target on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus target price of $743.78.

Monolithic Power Systems Stock Up 1.6 %

NASDAQ MPWR opened at $713.37 on Thursday. The stock has a market capitalization of $34.71 billion, a PE ratio of 85.03, a price-to-earnings-growth ratio of 3.64 and a beta of 1.22. The company has a 50 day moving average price of $678.93 and a two-hundred day moving average price of $622.15. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). The business had revenue of $454.01 million during the quarter, compared to analyst estimates of $452.13 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 EPS for the current year.

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.