Prospera Financial Services Inc Takes Position in Monolithic Power Systems, Inc. $MPWR

Prospera Financial Services Inc bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, Holdings Channel.com reports. The firm bought 1,048 shares of the semiconductor company’s stock, valued at approximately $950,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Covestor Ltd lifted its holdings in shares of Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 9 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of Monolithic Power Systems by 4.1% in the 4th quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 10 shares during the last quarter. YANKCOM Partnership lifted its holdings in shares of 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 purchasing an additional 11 shares during the last quarter. First National Bank of Hutchinson lifted its holdings in shares of Monolithic Power Systems by 1.2% in the 4th quarter. First National Bank of Hutchinson now owns 948 shares of the semiconductor company’s stock valued at $859,000 after purchasing an additional 11 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Monolithic Power Systems by 2.5% in the 3rd quarter. UMB Bank n.a. now owns 492 shares of the semiconductor company’s stock valued at $453,000 after purchasing an additional 12 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on MPWR. Zacks Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Needham & Company LLC boosted their target price on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a report on Friday, May 1st. Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a report on Friday, May 1st. TD Cowen upped their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $1,800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. 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, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.

Insider Buying and Selling at Monolithic Power Systems

In other news, Director Eugen J. Elmiger sold 12,000 shares of the 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 transaction of $19,019,520.00. Following the completion of the transaction, the director directly owned 5,402 shares of the company’s stock, valued at approximately $8,561,953.92. This represents a 68.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the transaction, the executive vice president directly owned 166,644 shares of the company’s stock, valued at approximately $260,197,941.60. This trade represents a 6.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 105,478 shares of company stock worth $147,969,440. 3.40% of the stock is currently owned by company insiders.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $1,633.17 on Friday. The stock has a fifty day moving average price of $1,401.70 and a 200 day moving average price of $1,158.93. Monolithic Power Systems, Inc. has a 1-year low of $643.36 and a 1-year high of $1,714.09. The company has a market cap of $80.24 billion, a PE ratio of 117.75, a P/E/G ratio of 2.90 and a beta of 1.74.

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