Norges Bank Purchases New Stake in Monolithic Power Systems, Inc. $MPWR

Norges Bank purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 726,705 shares of the semiconductor company’s stock, valued at approximately $658,656,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd raised its holdings in Monolithic Power Systems by 29.0% during 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. Resonant Capital Advisors LLC raised its holdings in Monolithic Power Systems by 4.1% during the 4th quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock valued at $230,000 after buying an additional 10 shares during the last quarter. YANKCOM Partnership raised its holdings in Monolithic Power Systems by 6.7% during 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 raised its holdings in Monolithic Power Systems by 1.2% during the 4th quarter. First National Bank of Hutchinson now owns 948 shares of the semiconductor company’s stock valued at $859,000 after buying an additional 11 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in Monolithic Power Systems by 2.5% during the 3rd quarter. UMB Bank n.a. now owns 492 shares of the semiconductor company’s stock valued at $453,000 after buying an additional 12 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,566.21 on Monday. The company has a 50-day moving average price of $1,411.52 and a 200-day moving average price of $1,163.08. Monolithic Power Systems, Inc. has a 12 month low of $643.36 and a 12 month high of $1,714.09. The stock has a market cap of $76.95 billion, a price-to-earnings ratio of 112.92, a P/E/G ratio of 2.80 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last posted its 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. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The firm had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. During the same period last year, the company posted $4.04 EPS. The company’s quarterly revenue was up 26.1% compared to the same quarter last year. Equities analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Monolithic Power Systems News Roundup

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Weiss Ratings lowered shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Rosenblatt Securities upped their price target on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Truist Financial set a $1,805.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 1st. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Finally, TD Cowen raised their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,599.17.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the completion of the transaction, the executive vice president directly owned 166,644 shares in the company, valued at $260,197,941.60. This trade represents a 6.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eileen Wynne sold 335 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,582.68, for a total transaction of $530,197.80. Following the completion of the transaction, the director owned 1,007 shares of the company’s stock, valued at approximately $1,593,758.76. The trade was a 24.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In 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.

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.