Westpac Banking Corp Has $1.08 Million Position in Monolithic Power Systems, Inc. $MPWR

Westpac Banking Corp increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 164.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,189 shares of the semiconductor company’s stock after buying an additional 740 shares during the quarter. Westpac Banking Corp’s holdings in Monolithic Power Systems were worth $1,078,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC raised its position in Monolithic Power Systems by 88.9% during the third quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company’s stock valued at $2,016,000 after acquiring an additional 1,031 shares in the last quarter. AE Wealth Management LLC bought a new position in Monolithic Power Systems during the third quarter valued at approximately $1,121,000. Candriam S.C.A. raised its position in shares of Monolithic Power Systems by 6.9% in the third quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company’s stock valued at $79,089,000 after purchasing an additional 5,561 shares during the period. Vanguard Group Inc. raised its position in shares of Monolithic Power Systems by 2.3% in the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after purchasing an additional 134,087 shares during the period. Finally, First Trust Advisors LP raised its position in shares of Monolithic Power Systems by 66.4% in the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock valued at $412,263,000 after purchasing an additional 178,622 shares during the period. Institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MPWR. Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings lowered shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 28th. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, TD Cowen boosted their target price on shares of 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. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company 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 $1,689.89 on Thursday. The firm has a market capitalization of $83.02 billion, a PE ratio of 121.84, a price-to-earnings-growth ratio of 2.91 and a beta of 1.69. The company’s fifty day moving average price is $1,443.91 and its two-hundred day moving average price is $1,177.31. Monolithic Power Systems, Inc. has a 52-week low of $670.00 and a 52-week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) 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 analyst estimates 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 for the quarter was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.04 EPS. Analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Saria Tseng sold 7,565 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the sale, the executive vice president owned 144,218 shares of the company’s stock, valued at $245,170,600. The trade was a 4.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Eileen Wynne sold 335 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,582.68, for a total transaction of $530,197.80. Following the completion of the sale, the director owned 1,007 shares in the company, valued at $1,593,758.76. This represents a 24.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 113,073 shares of company stock worth $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.