Hsbc Holdings PLC Purchases 31,938 Shares of Monolithic Power Systems, Inc. $MPWR

Hsbc Holdings PLC lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 20.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 190,811 shares of the semiconductor company’s stock after buying an additional 31,938 shares during the quarter. Hsbc Holdings PLC’s holdings in Monolithic Power Systems were worth $262,389,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MPWR. BlackRock Inc. purchased a new stake in Monolithic Power Systems in the 2nd quarter worth $7,727,289,000. State Street Corp lifted its position in shares of Monolithic Power Systems by 2.1% in the fourth quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company’s stock valued at $1,979,610,000 after acquiring an additional 45,715 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Monolithic Power Systems by 3,719.6% in the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after acquiring an additional 1,993,576 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Monolithic Power Systems by 7.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company’s stock worth $1,533,013,000 after acquiring an additional 117,596 shares during the period. Finally, Invesco Ltd. raised its stake in Monolithic Power Systems by 25.9% during the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after purchasing an additional 295,556 shares during the period. Institutional investors own 93.46% of the company’s stock.

Insider Activity

In other Monolithic Power Systems news, Director Kuo Wei Chang sold 50 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the completion of the sale, the director owned 515 shares of the company’s stock, valued at $660,008.55. This trade represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the transaction, the executive vice president owned 1,119 shares of the company’s stock, valued at $1,503,868.86. This trade represents a 2.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 160 shares of company stock valued at $215,945 in the last 90 days. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $1,223.86 on Monday. The business’s 50 day moving average price is $1,328.13 and its 200-day moving average price is $1,353.45. Monolithic Power Systems, Inc. has a fifty-two week low of $830.00 and a fifty-two week high of $1,714.09. The company has a market cap of $60.14 billion, a P/E ratio of 75.04 and a beta of 1.66.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. The company had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.Monolithic Power Systems’s revenue was up 47.6% on a year-over-year basis. During the same period last year, the company earned $4.21 earnings per share. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 49.05%.

Analysts Set New Price Targets

A number of research analysts recently commented on MPWR shares. Truist Financial boosted their price target on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $1,575.00 price objective on shares of Monolithic Power Systems in a report on Friday, July 31st. KeyCorp lifted their price objective on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Raymond James Financial reissued an “outperform” rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. Finally, Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,731.42.

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.