Monolithic Power Systems, Inc. $MPWR Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 43.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 200,626 shares of the semiconductor company’s stock after buying an additional 60,414 shares during the quarter. Hsbc Holdings PLC’s holdings in Monolithic Power Systems were worth $182,310,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Covestor Ltd increased its stake in Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after buying an additional 9 shares during the period. Resonant Capital Advisors LLC lifted its holdings in Monolithic Power Systems by 4.1% in the 4th quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock worth $230,000 after buying an additional 10 shares in the last quarter. YANKCOM Partnership boosted its position in Monolithic Power Systems by 6.7% in the 4th quarter. YANKCOM Partnership now owns 176 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 11 shares during the last quarter. First National Bank of Hutchinson grew its stake in shares of Monolithic Power Systems by 1.2% during the fourth quarter. First National Bank of Hutchinson now owns 948 shares of the semiconductor company’s stock valued at $859,000 after acquiring an additional 11 shares in the last quarter. Finally, Ballentine Partners LLC grew its stake in shares of Monolithic Power Systems by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 567 shares of the semiconductor company’s stock valued at $514,000 after acquiring an additional 12 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

MPWR opened at $1,563.70 on Friday. The company has a market capitalization of $76.82 billion, a P/E ratio of 112.74, a PEG ratio of 2.80 and a beta of 1.69. The company has a 50-day moving average of $1,546.37 and a 200-day moving average of $1,230.09. Monolithic Power Systems, Inc. has a 1-year low of $671.18 and a 1-year high of $1,714.09.

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

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $2.00 per share. The ex-dividend date is Tuesday, June 30th. This represents a $8.00 annualized dividend and a yield of 0.5%. Monolithic Power Systems’s dividend payout ratio is presently 57.68%.

Insider Activity at Monolithic Power Systems

In other news, Director Eugen J. Elmiger sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the completion of the sale, the director directly owned 5,402 shares in the company, valued at approximately $8,561,953.92. The trade was a 68.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Saria Tseng sold 25,674 shares of the company’s stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $1,010.50, for a total value of $25,943,577.00. Following the sale, the executive vice president directly owned 174,982 shares in the company, valued at approximately $176,819,311. This represents a 12.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 113,043 shares of company stock worth $160,843,106 over the last quarter. 3.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on MPWR. Rosenblatt Securities boosted their price target on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Wells Fargo & Company raised their price objective on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a research note on Friday, May 1st. KeyCorp lifted their price objective on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, TD Cowen upped their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

Monolithic Power Systems Profile

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.