Daiwa Securities Group Inc. Raises Holdings in Monolithic Power Systems, Inc. $MPWR

Daiwa Securities Group Inc. lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 39.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,310 shares of the semiconductor company’s stock after acquiring an additional 4,081 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Monolithic Power Systems were worth $12,970,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Monolithic Power Systems during the fourth quarter worth approximately $658,656,000. SG Americas Securities LLC boosted its position in Monolithic Power Systems by 77,483.1% during the fourth quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after purchasing an additional 261,893 shares in the last quarter. First Trust Advisors LP boosted its position in Monolithic Power Systems by 66.4% during the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock worth $412,263,000 after purchasing an additional 178,622 shares in the last quarter. Rafferty Asset Management LLC boosted its position in Monolithic Power Systems by 36.1% during the second quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock worth $386,991,000 after purchasing an additional 140,269 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Monolithic Power Systems by 2.3% during the third 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. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $1,481.05 on Friday. The business has a 50 day simple moving average of $1,462.17 and a two-hundred day simple moving average of $1,184.55. Monolithic Power Systems, Inc. has a 12 month low of $670.00 and a 12 month high of $1,714.09. The stock has a market capitalization 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 announced its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS 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 during the quarter, compared to analysts’ expectations of $781.93 million. During the same quarter in the prior year, the firm earned $4.04 earnings per share. The business’s revenue was up 26.1% compared to the same quarter last year. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of recent analyst reports. KeyCorp increased their price target 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. Truist Financial set a $1,805.00 price target on Monolithic Power Systems in a research report on Friday, May 1st. Rosenblatt Securities increased their price target 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. Wells Fargo & Company increased their price target on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Zacks Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,599.17.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,533.95, for a total value of $46,018.50. Following the completion of the sale, the executive vice president owned 1,179 shares of the company’s stock, valued at approximately $1,808,527.05. This trade represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eileen Wynne sold 335 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,582.68, for a total value of $530,197.80. Following the completion of the sale, the director directly owned 1,007 shares of the company’s stock, valued at approximately $1,593,758.76. This represents a 24.96% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 113,073 shares of company stock valued at $160,875,958. 3.40% of the stock is currently owned by company insiders.

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.