M&T Bank Corp Has $11.40 Million Stake in Monolithic Power Systems, Inc. $MPWR

Key Points

• M&T Bank Corp increased its stake in Monolithic Power Systems by 465.3% in Q4 and now holds 12,578 shares worth $11.4 million, part of 93.46% institutional ownership of the stock.
• Insiders have been selling heavily: EVPs Maurice Sciammas and Saria Tseng sold large blocks (22,875 and 25,674 shares), and insiders sold 137,683 shares worth $158.1 million in the past 90 days, leaving insiders with 3.40% ownership.
• Monolithic Power beat Q4 estimates (EPS $4.79 vs. $4.74) with revenue up 20.8% year-over-year to $751.2 million, and analysts hold a consensus "Moderate Buy" with an average price target of $1,260.08 amid mixed individual upgrades.

M&T Bank Corp grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 465.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,578 shares of the semiconductor company's stock after purchasing an additional 10,353 shares during the quarter. M&T Bank Corp's holdings in Monolithic Power Systems were worth $11,400,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MPWR. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Monolithic Power Systems by 17.0% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,553 shares of the semiconductor company's stock valued at $36,844,000 after buying an additional 5,898 shares during the period. Optas LLC boosted its stake in shares of Monolithic Power Systems by 5.9% in the fourth quarter. Optas LLC now owns 395 shares of the semiconductor company's stock valued at $358,000 after buying an additional 22 shares during the period. Evergreen Capital Management LLC boosted its stake in shares of Monolithic Power Systems by 8.6% in the fourth quarter. Evergreen Capital Management LLC now owns 1,307 shares of the semiconductor company's stock valued at $1,186,000 after buying an additional 103 shares during the period. Prakash Investment Advisors LLC boosted its stake in shares of Monolithic Power Systems by 33.3% in the fourth quarter. Prakash Investment Advisors LLC now owns 400 shares of the semiconductor company's stock valued at $363,000 after buying an additional 100 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Monolithic Power Systems by 37.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,070 shares of the semiconductor company's stock valued at $81,636,000 after buying an additional 24,657 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 22,875 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the completion of the transaction, the executive vice president directly owned 178,625 shares in the company, valued at approximately $209,198,455. This represents a 11.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Saria Tseng sold 25,674 shares of the 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 completion of the transaction, the executive vice president owned 174,982 shares of the company's stock, valued at $176,819,311. The trade was a 12.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 137,683 shares of company stock worth $158,138,447 in the last ninety days. Insiders own 3.40% of the company's stock.

Analysts Set New Price Targets

MPWR has been the subject of several recent research reports. Rosenblatt Securities boosted their price target on Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a "neutral" rating in a research note on Friday, February 6th. Zacks Research cut Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 10th. Weiss Ratings cut Monolithic Power Systems from a "buy (b-)" rating to a "hold (c)" rating in a research note on Monday, March 2nd. Oppenheimer reiterated an "outperform" rating and issued a $1,600.00 price target on shares of Monolithic Power Systems in a research note on Friday. Finally, Wells Fargo & Company boosted their price target on Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an "overweight" rating in a research note on Friday, February 6th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and an average price target of $1,260.08.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $1,632.06 on Friday. The business has a fifty day moving average price of $1,198.04 and a two-hundred day moving average price of $1,069.03. Monolithic Power Systems, Inc. has a fifty-two week low of $562.38 and a fifty-two week high of $1,661.79. The stock has a market capitalization of $80.17 billion, a PE ratio of 128.11, a PEG ratio of 4.03 and a beta of 1.48.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The firm had revenue of $751.16 million during the quarter, compared to analysts' expectations of $741.69 million. During the same period in the prior year, the company earned $4.09 earnings per share. The company's quarterly revenue was up 20.8% on a year-over-year basis. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 17.01 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Tuesday, March 31st. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.56. Monolithic Power Systems's dividend payout ratio is currently 62.79%.

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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