Monolithic Power Systems, Inc. $MPWR Stock Position Lowered by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group cut its Monolithic Power Systems stake by 51.9% in the fourth quarter, selling 1,165 shares and ending with 1,081 shares worth about $980,000.
• Insider selling has been significant, with EVP Deming Xiao and EVP Saria Tseng both reducing their holdings; insiders sold a total of 105,478 shares valued at about $148 million over the last 90 days.
• Despite the selling, Monolithic Power Systems reported strong quarterly results, including earnings of $5.10 per share versus $4.90 expected and revenue growth of 26.1% year over year. Analysts remain mostly positive, with 12 Buy ratings and an average Moderate Buy consensus target of $1,599.17.

Jefferies Financial Group Inc. lessened its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 51.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,081 shares of the semiconductor company's stock after selling 1,165 shares during the period. Jefferies Financial Group Inc.'s holdings in Monolithic Power Systems were worth $980,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. MQS Management LLC bought a new stake in shares of Monolithic Power Systems in the 4th quarter worth $232,000. EverSource Wealth Advisors LLC raised its stake in shares of Monolithic Power Systems by 38.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 749 shares of the semiconductor company's stock worth $678,000 after buying an additional 207 shares in the last quarter. Advisory Alpha LLC raised its stake in shares of Monolithic Power Systems by 9.7% in the 4th quarter. Advisory Alpha LLC now owns 440 shares of the semiconductor company's stock worth $399,000 after buying an additional 39 shares in the last quarter. Empirical Asset Management LLC raised its stake in shares of Monolithic Power Systems by 5.0% in the 4th quarter. Empirical Asset Management LLC now owns 1,777 shares of the semiconductor company's stock worth $1,610,000 after buying an additional 85 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of Monolithic Power Systems by 11.7% during the fourth quarter. Global Retirement Partners LLC now owns 822 shares of the semiconductor company's stock worth $745,000 after purchasing an additional 86 shares during the period. Institutional investors own 93.46% of the company's stock.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Deming Xiao sold 30,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the transaction, the executive vice president owned 205,959 shares in the company, valued at approximately $340,769,463.45. The trade was a 12.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Saria Tseng sold 25,674 shares of Monolithic Power Systems stock in a transaction on Monday, March 30th. The shares were sold at an average price of $1,010.50, for a total value of $25,943,577.00. Following the transaction, the executive vice president owned 174,982 shares in the company, valued at $176,819,311. This represents a 12.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 105,478 shares of company stock valued at $147,969,440 in the last ninety days. Company insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Up 0.8%

Shares of Monolithic Power Systems stock opened at $1,633.17 on Friday. The stock's fifty day moving average is $1,401.70 and its 200-day moving average is $1,158.93. The firm has a market capitalization of $80.24 billion, a PE ratio of 117.75, a price-to-earnings-growth ratio of 2.90 and a beta of 1.74. Monolithic Power Systems, Inc. has a 12-month low of $643.36 and a 12-month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $781.93 million. During the same quarter in the previous year, the company posted $4.04 earnings per share. Monolithic Power Systems's revenue for the quarter was up 26.1% compared to the same quarter last year. Analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Oppenheimer set a $1,700.00 target price on 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. Weiss Ratings raised Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, May 7th. Rosenblatt Securities boosted their target price on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a "neutral" rating in a research report on Friday, May 1st. Finally, KeyCorp boosted their target price on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an "overweight" rating in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,599.17.

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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