MUFG Securities EMEA plc Purchases 74,049 Shares of Monolithic Power Systems, Inc. $MPWR

MUFG Securities EMEA plc raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8,075.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 74,966 shares of the semiconductor company’s stock after buying an additional 74,049 shares during the quarter. Monolithic Power Systems accounts for about 0.8% of MUFG Securities EMEA plc’s holdings, making the stock its 22nd biggest position. MUFG Securities EMEA plc’s holdings in Monolithic Power Systems were worth $67,946,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Monolithic Power Systems during the 4th quarter worth about $34,000. IFP Advisors Inc raised its holdings in shares of Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares during the last quarter. Covestor Ltd increased its stake in 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 buying an additional 9 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in Monolithic Power Systems by 542.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 38 shares during the last quarter. Finally, Torren Management LLC purchased a new stake in Monolithic Power Systems in the 4th quarter valued at about $49,000. Institutional investors own 93.46% of the company’s stock.

Key Headlines Impacting Monolithic Power Systems

Here are the key news stories impacting Monolithic Power Systems this week:

• Negative Sentiment: EVP Saria Tseng disclosed a sale of 7,565 shares at an average price of $1,700, trimming her position by about 5%. Insiders at Monolithic Power have been actively selling lately, which can signal that management sees less near-term upside. Article Title
• Negative Sentiment: Director Jeff Zhou also sold 486 shares at $1,680, continuing a recent pattern of insider selling at MPWR. Multiple insider sales in a short period often pressure sentiment, even if the amounts are small relative to total holdings. Article Title
• Negative Sentiment: Separate coverage noted that insiders have sold roughly $515 million of Monolithic Power stock, reinforcing concerns that the shares may be getting expensive after a strong run. Article Title
• Negative Sentiment: GuruFocus said MPWR still looks overvalued despite the recent rally, adding to valuation anxiety as the stock trades near its highs. Article Title

Monolithic Power Systems Trading Down 4.1%

MPWR opened at $1,566.21 on Friday. The company has a 50 day moving average of $1,411.52 and a 200 day moving average of $1,161.77. The company has a market cap of $76.95 billion, a PE ratio of 112.92, a price-to-earnings-growth ratio of 2.80 and a beta of 1.74. Monolithic Power Systems, Inc. has a 12 month low of $643.36 and a 12 month high of $1,714.09.

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

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, Director Eugen J. Elmiger sold 12,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,584.96, for a total value 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 $8,561,953.92. This trade represents a 68.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Saria Tseng sold 25,674 shares of the firm’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $1,010.50, for a total transaction of $25,943,577.00. Following the completion of the transaction, the executive vice president directly owned 174,982 shares of the company’s stock, valued at approximately $176,819,311. The trade was a 12.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 113,043 shares of company stock worth $160,829,940. 3.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Zacks Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Weiss Ratings downgraded shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Finally, Truist Financial set a $1,805.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,599.17.

Monolithic Power Systems Company 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.