Monolithic Power Systems, Inc. $MPWR Stock Holdings Lowered by TD Private Client Wealth LLC

TD Private Client Wealth LLC reduced its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 30.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,059 shares of the semiconductor company’s stock after selling 464 shares during the quarter. TD Private Client Wealth LLC’s holdings in Monolithic Power Systems were worth $960,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MPWR. Vanguard Group Inc. increased its stake in Monolithic Power Systems by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after purchasing an additional 134,087 shares in the last quarter. State Street Corp increased its stake in Monolithic Power Systems by 0.7% in the 3rd quarter. State Street Corp now owns 2,134,704 shares of the semiconductor company’s stock worth $1,968,578,000 after purchasing an additional 14,670 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Monolithic Power Systems by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock valued at $794,723,000 after acquiring an additional 6,503 shares during the period. Bank of America Corp DE raised its holdings in shares of Monolithic Power Systems by 18.0% during the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock valued at $506,661,000 after acquiring an additional 105,721 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Monolithic Power Systems by 2.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 570,719 shares of the semiconductor company’s stock valued at $517,277,000 after acquiring an additional 14,132 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Deming Xiao sold 30,000 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the completion of the transaction, the executive vice president owned 205,959 shares in the company, valued at approximately $340,769,463.45. This represents a 12.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction on Friday, May 15th. The shares were 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 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 99,992 shares of company stock worth $139,220,810. Insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MPWR shares. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Needham & Company LLC increased their price target on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. KeyCorp increased their price target on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Rosenblatt Securities upped their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $1,553.27 on Thursday. Monolithic Power Systems, Inc. has a fifty-two week low of $643.36 and a fifty-two week high of $1,675.42. The firm has a fifty day moving average price of $1,335.70 and a two-hundred day moving average price of $1,132.35. The company has a market cap of $76.31 billion, a PE ratio of 111.99, a price-to-earnings-growth ratio of 2.63 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWR) 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 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 the consensus estimate of $781.93 million. During the same period in the prior year, the firm earned $4.04 EPS. The business’s revenue was up 26.1% on a year-over-year basis. Analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

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.