Hsbc Holdings PLC Boosts Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Key Points

• HSBC Holdings increased its Monolithic Power Systems stake by 20.1% in the second quarter, acquiring 31,938 additional shares for a total holding of 190,811 shares valued at approximately $262.4 million. Institutional investors collectively own 93.46% of MPWR.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $1,731.42. Recent targets range from $1,889 to $2,100.
• Monolithic Power Systems reported quarterly EPS of $6.50, beating estimates of $5.87, while revenue rose 47.6% year over year to $980.64 million. Insiders, however, sold 160 shares worth $215,945 over the past 90 days.

Hsbc Holdings PLC lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 20.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,811 shares of the semiconductor company's stock after acquiring an additional 31,938 shares during the period. Hsbc Holdings PLC owned approximately 0.39% of Monolithic Power Systems worth $262,389,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Monolithic Power Systems in the 2nd quarter worth $7,727,289,000. State Street Corp lifted its holdings in shares of Monolithic Power Systems by 2.1% during the fourth quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company's stock valued at $1,979,610,000 after purchasing an additional 45,715 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Monolithic Power Systems by 3,719.6% during the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company's stock valued at $1,855,476,000 after purchasing an additional 1,993,576 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Monolithic Power Systems by 7.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company's stock valued at $1,533,013,000 after buying an additional 117,596 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Monolithic Power Systems by 25.9% during the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company's stock valued at $1,300,345,000 after buying an additional 295,556 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the transaction, the executive vice president directly owned 1,119 shares in the company, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the company's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the completion of the sale, the director owned 515 shares of the company's stock, valued at approximately $660,008.55. The trade was a 8.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 160 shares of company stock valued at $215,945 over the last 90 days. 3.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on MPWR. Arete Research set a $2,013.00 price objective on Monolithic Power Systems and gave the stock a "buy" rating in a report on Thursday, August 20th. Truist Financial raised their price target on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a "buy" rating in a report on Friday, July 31st. KeyCorp raised their price target on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Wall Street Zen upgraded shares of Monolithic Power Systems from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Weiss Ratings cut shares of Monolithic Power Systems from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,731.42.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $1,223.86 on Monday. The firm's 50 day moving average price is $1,328.13 and its 200-day moving average price is $1,353.45. Monolithic Power Systems, Inc. has a twelve month low of $830.00 and a twelve month high of $1,714.09. The stock has a market capitalization of $60.14 billion, a PE ratio of 75.04 and a beta of 1.66.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The company had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. During the same period in the previous year, the business posted $4.21 earnings per share. The firm's quarterly revenue was up 47.6% compared to the same quarter last year. Analysts expect that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems's dividend payout ratio is 49.05%.

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.

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