1,416 Shares in Monolithic Power Systems, Inc. $MPWR Bought by Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.

Key Points

• Mitsubishi UFJ Morgan Stanley Securities opened a new position in Monolithic Power Systems, buying 1,416 shares worth about $1.28 million. The stake made MPWR its 10th-largest holding and about 2% of its portfolio.
• Other institutions have also been adding to MPWR, and 93.46% of the stock is owned by institutional investors and hedge funds. Meanwhile, analysts remain largely upbeat, with 12 Buy ratings, 3 Hold ratings, and an average price target of $1,599.17.
• Monolithic Power Systems reported strong quarterly results, beating EPS estimates with $5.10 per share on revenue of $804.19 million, up 26.1% year over year. However, insiders have been selling shares recently, including a notable sale by EVP Maurice Sciammas.

Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,416 shares of the semiconductor company's stock, valued at approximately $1,283,000. Monolithic Power Systems accounts for approximately 2.0% of Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.'s investment portfolio, making the stock its 10th biggest position.

Several other hedge funds have also recently modified their holdings of MPWR. Brighton Jones LLC lifted its holdings in shares of Monolithic Power Systems by 46.0% during the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock worth $376,000 after purchasing an additional 200 shares during the period. Empowered Funds LLC lifted its holdings in shares of Monolithic Power Systems by 3.1% during the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company's stock worth $3,088,000 after purchasing an additional 161 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Monolithic Power Systems by 3.5% during the second quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company's stock worth $6,863,000 after purchasing an additional 314 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of Monolithic Power Systems by 35.2% during the second quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company's stock worth $26,175,000 after purchasing an additional 9,315 shares during the period. Finally, Globeflex Capital L P acquired a new stake in shares of Monolithic Power Systems during the second quarter worth $347,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MPWR. Rosenblatt Securities increased their price target on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a "neutral" rating in a report on Friday, May 1st. TD Cowen increased their price objective on 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. Needham & Company LLC increased their price objective on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Truist Financial set a $1,805.00 price objective on Monolithic Power Systems in a research report on Friday, May 1st. Finally, Zacks Research cut Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 10th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Monolithic Power Systems has an average rating of "Moderate Buy" and an average target price of $1,599.17.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 12,000 shares of the firm's 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 completion of the transaction, the executive vice president owned 166,644 shares in the company, valued at $260,197,941.60. This trade represents a 6.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeff Zhou sold 1,014 shares of the firm's stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,587.06, for a total value of $1,609,278.84. Following the completion of the transaction, the director owned 4,786 shares of the company's stock, valued at approximately $7,595,669.16. This represents a 17.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 105,478 shares of company stock valued at $147,969,440. Company insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Up 0.8%

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

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $804.19 million during the quarter, compared to analysts' expectations of $781.93 million. During the same quarter last year, the business posted $4.04 earnings per share. The business's revenue for the quarter was up 26.1% on a year-over-year basis. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

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.

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