Monolithic Power Systems, Inc. $MPWR Stock Position Lowered by Franklin Resources Inc.

Franklin Resources Inc. decreased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,049,409 shares of the semiconductor company’s stock after selling 2,644 shares during the quarter. Franklin Resources Inc.’s holdings in Monolithic Power Systems were worth $951,142,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Monolithic Power Systems by 2.3% during 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 during the last quarter. State Street Corp grew 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 valued at $1,968,578,000 after buying an additional 14,670 shares during the last quarter. Geode Capital Management LLC grew its position in Monolithic Power Systems by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company’s stock worth $1,248,436,000 after purchasing an additional 44,583 shares during the last quarter. JPMorgan Chase & Co. grew its position in Monolithic Power Systems by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock worth $794,723,000 after purchasing an additional 6,503 shares during the last quarter. Finally, Norges Bank acquired a new stake in Monolithic Power Systems in the 4th quarter worth $658,656,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MPWR shares. KeyCorp lifted their price target on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Oppenheimer set a $1,700.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 1st. Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, TD Cowen upped their price target on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,599.17.

Monolithic Power Systems Stock Performance

MPWR opened at $1,481.05 on Monday. The company’s 50 day moving average is $1,462.17 and its 200-day moving average is $1,186.58. Monolithic Power Systems, Inc. has a 1-year low of $670.00 and a 1-year high of $1,714.09. The company has a market cap of $72.76 billion, a P/E ratio of 106.78, a PEG ratio of 2.65 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) 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 business had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. During the same quarter last year, the business earned $4.04 EPS. The firm’s quarterly revenue was up 26.1% on a year-over-year basis. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,533.95, for a total transaction of $46,018.50. Following the sale, the executive vice president directly owned 1,179 shares in the company, valued at $1,808,527.05. The trade was a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeff Zhou sold 486 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total value of $816,480.00. Following the completion of the sale, the director owned 3,800 shares in the company, valued at $6,384,000. This represents a 11.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 113,073 shares of company stock worth $160,875,958 in the last quarter. Insiders own 3.40% of the company’s stock.

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.