Monolithic Power Systems, Inc. $MPWR Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 16.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,394 shares of the semiconductor company’s stock after buying an additional 616 shares during the quarter. HighTower Advisors LLC’s holdings in Monolithic Power Systems were worth $3,982,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Monolithic Power Systems by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after purchasing an additional 134,087 shares during the period. State Street Corp lifted its stake in shares of Monolithic Power Systems by 0.7% during the 3rd quarter. State Street Corp now owns 2,134,704 shares of the semiconductor company’s stock worth $1,968,578,000 after purchasing an additional 14,670 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Monolithic Power Systems by 0.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock worth $794,723,000 after purchasing an additional 6,503 shares during the period. Bank of America Corp DE lifted its stake in shares of Monolithic Power Systems by 18.0% during the 2nd quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock worth $506,661,000 after purchasing an additional 105,721 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Monolithic Power Systems by 2.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 570,719 shares of the semiconductor company’s stock worth $517,277,000 after purchasing an additional 14,132 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value 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 trade represents a 12.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 113,043 shares of company stock worth $160,829,940. Corporate insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of recent analyst reports. Truist Financial set a $1,805.00 price target on Monolithic Power Systems in a research note on Friday, May 1st. Weiss Ratings lowered Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Needham & Company LLC increased their price target on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Finally, TD Cowen increased their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

Monolithic Power Systems Trading Down 4.1%

Shares of MPWR opened at $1,566.21 on Friday. The firm has a market capitalization of $76.95 billion, a P/E ratio of 112.92, a price-to-earnings-growth ratio of 2.92 and a beta of 1.74. The stock’s fifty day simple moving average is $1,411.52 and its 200 day simple moving average is $1,161.77. Monolithic Power Systems, Inc. has a twelve month low of $643.36 and a twelve month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its 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 business had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business’s quarterly revenue was up 26.1% on a year-over-year basis. During the same period last year, the company posted $4.04 EPS. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

More Monolithic Power Systems News

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 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.