Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes Position in Monolithic Power Systems, Inc. $MPWR

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,184 shares of the semiconductor company’s stock, valued at approximately $2,886,000.

Other hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $34,000. IFP Advisors Inc boosted its position in shares of Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares during the period. Cornerstone Planning Group LLC boosted its position in shares of Monolithic Power Systems by 542.9% in the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 38 shares during the period. Root Financial Partners LLC acquired a new position in shares of Monolithic Power Systems in the third quarter valued at $42,000. Finally, Torren Management LLC acquired a new position in shares of Monolithic Power Systems in the fourth quarter valued at $49,000. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Trading Up 5.8%

Shares of NASDAQ MPWR opened at $1,553.27 on Thursday. The business has a fifty day simple moving average of $1,335.70 and a 200 day simple moving average of $1,132.35. The firm has a market capitalization of $76.31 billion, a price-to-earnings ratio of 111.99, a PEG ratio of 2.63 and a beta of 1.74. Monolithic Power Systems, Inc. has a one year low of $643.36 and a one year high of $1,675.42.

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

Insider Activity

In other Monolithic Power Systems news, EVP Saria Tseng sold 25,674 shares of the stock in a transaction on Monday, March 30th. The stock was 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 in the company, valued at $176,819,311. This represents a 12.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeff Zhou sold 1,014 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,587.06, for a total value of $1,609,278.84. Following the transaction, the director owned 4,786 shares of the company’s stock, valued at $7,595,669.16. This represents a 17.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 99,992 shares of company stock valued at $139,220,810. 3.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MPWR shares. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Rosenblatt Securities upped their target price on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Raymond James Financial restated an “outperform” rating and issued a $1,800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 1st. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Finally, Wells Fargo & Company upped their target price 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. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average 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.