Monolithic Power Systems, Inc. $MPWR Shares Bought by Daiwa Securities Group Inc.

Key Points

• Daiwa Securities Group increased its stake in Monolithic Power Systems by 39.9% in the fourth quarter, ending with 14,310 shares valued at about $13.0 million.
• The company’s latest quarterly results beat expectations, with EPS of $5.10 versus $4.90 estimated and revenue of $804.2 million, up 26.1% year over year.
• Analyst sentiment remains broadly positive despite some insider selling: the stock has a Moderate Buy consensus rating, while insiders sold 113,073 shares over the last quarter.

Daiwa Securities Group Inc. boosted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 39.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,310 shares of the semiconductor company's stock after buying an additional 4,081 shares during the period. Daiwa Securities Group Inc.'s holdings in Monolithic Power Systems were worth $12,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in MPWR. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Monolithic Power Systems during the 4th quarter valued at about $34,000. IFP Advisors Inc increased its position in Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock valued at $35,000 after buying an additional 24 shares in the last quarter. Covestor Ltd increased its position 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 in the last quarter. Torren Management LLC acquired a new position in Monolithic Power Systems during the 4th quarter valued at about $49,000. Finally, WPG Advisers LLC increased its position in Monolithic Power Systems by 43.9% during the 4th quarter. WPG Advisers LLC now owns 59 shares of the semiconductor company's stock valued at $53,000 after buying an additional 18 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Saria Tseng sold 25,674 shares of the firm's stock in a transaction on Monday, March 30th. The shares were 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 owned 174,982 shares of the company's stock, valued at $176,819,311. This trade represents a 12.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 113,073 shares of company stock valued at $160,875,958 over the last quarter. Insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $1,481.05 on Friday. The business's 50-day simple moving average is $1,462.17 and its two-hundred day simple moving average is $1,184.55. The company has a market cap of $72.76 billion, a PE ratio of 106.78, a PEG ratio of 2.65 and a beta of 1.69. Monolithic Power Systems, Inc. has a fifty-two week low of $670.00 and a fifty-two week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results 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 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 quarter last year, the company posted $4.04 earnings per share. The firm's revenue was up 26.1% compared to the same quarter last year. As a group, analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on MPWR. Zacks Research lowered Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 10th. Citigroup reaffirmed a "buy" rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Truist Financial set a $1,805.00 target price on 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, Raymond James Financial reiterated an "outperform" rating and set a $1,800.00 price target on shares of Monolithic Power Systems 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,599.17.

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.

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