Prospera Financial Services Inc Makes New Investment in Monolithic Power Systems, Inc. $MPWR

Key Points

• Prospera Financial Services opened a new position in Monolithic Power Systems, buying 1,048 shares valued at about $950,000 in the fourth quarter.
• Several other institutional investors also increased their stakes, and hedge funds and institutions now own 93.46% of the semiconductor company’s shares.
• Monolithic Power Systems reported stronger-than-expected quarterly results, with $5.10 EPS and $804.19 million in revenue, both above analyst estimates, while analysts remain broadly positive with a Moderate Buy consensus.

Prospera Financial Services Inc bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,048 shares of the semiconductor company's stock, valued at approximately $950,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MPWR. Brighton Jones LLC grew its stake in shares of Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock valued at $376,000 after buying an additional 200 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Monolithic Power Systems by 3.1% in the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company's stock valued at $3,088,000 after buying an additional 161 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Monolithic Power Systems by 3.5% in the second quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company's stock valued at $6,863,000 after buying an additional 314 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Monolithic Power Systems by 35.2% in the second quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company's stock valued at $26,175,000 after buying an additional 9,315 shares in the last quarter. Finally, Globeflex Capital L P acquired a new stake in shares of Monolithic Power Systems in the second quarter valued at $347,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 166,644 shares of the company's stock, valued at approximately $260,197,941.60. This represents a 6.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eugen J. Elmiger sold 12,000 shares of the company's stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the transaction, the director directly owned 5,402 shares of the company's stock, valued at approximately $8,561,953.92. This represents a 68.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 105,478 shares of company stock worth $147,969,440. Corporate insiders own 3.40% of the company's stock.

Monolithic Power Systems Price Performance

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

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

Analysts Set New Price Targets

MPWR has been the subject of a number of research reports. Truist Financial set a $1,805.00 price objective on Monolithic Power Systems in a research note on Friday, May 1st. TD Cowen lifted their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a "buy" rating in a research note on Friday, May 1st. KeyCorp lifted their price objective on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. Stifel Nicolaus upped their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. Finally, William Blair reaffirmed an "outperform" rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of "Moderate Buy" and an average 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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