Stephens Investment Management Group LLC Purchases New Holdings in Monolithic Power Systems, Inc. $MPWR

Stephens Investment Management Group LLC bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,836 shares of the semiconductor company’s stock, valued at approximately $10,728,000.

Several other hedge funds have also recently added to or reduced their stakes in MPWR. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $34,000. IFP Advisors Inc raised its holdings in shares of Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Monolithic Power Systems by 542.9% in the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 38 shares during the last quarter. Root Financial Partners LLC bought a new position in Monolithic Power Systems in the 3rd quarter worth approximately $42,000. Finally, Torren Management LLC acquired a new position in shares of Monolithic Power Systems during the fourth quarter valued at $49,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

MPWR stock opened at $1,550.02 on Monday. Monolithic Power Systems, Inc. has a one year low of $643.36 and a one year high of $1,675.42. The stock has a market cap of $76.15 billion, a price-to-earnings ratio of 111.75, a price-to-earnings-growth ratio of 2.77 and a beta of 1.74. The company has a fifty day moving average price of $1,308.82 and a two-hundred day moving average price of $1,123.62.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.20. The firm had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business’s revenue was up 26.1% on a year-over-year basis. During the same period in the prior year, the firm earned $4.04 EPS. Research analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Jeff Zhou sold 1,014 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,587.06, for a total transaction of $1,609,278.84. Following the transaction, the director owned 4,786 shares in the company, valued at $7,595,669.16. This trade represents a 17.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Saria Tseng sold 25,674 shares of the firm’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of $1,010.50, for a total value of $25,943,577.00. Following the completion of the transaction, the executive vice president owned 174,982 shares in the company, valued at $176,819,311. The trade was a 12.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 87,992 shares of company stock valued at $120,484,010 in the last three months. Insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

MPWR has been the topic of several analyst reports. Weiss Ratings upgraded shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Needham & Company LLC upped their target price 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. TD Cowen upped their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Truist Financial set a $1,805.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price 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.