Monolithic Power Systems, Inc. $MPWR Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 59.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,723 shares of the semiconductor company’s stock after selling 2,575 shares during the period. Crossmark Global Holdings Inc.’s holdings in Monolithic Power Systems were worth $1,562,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Monolithic Power Systems by 2.3% in 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 increased its position in shares of 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 worth $1,968,578,000 after purchasing an additional 14,670 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of 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. Bank of America Corp DE increased its position in shares of Monolithic Power Systems by 18.0% in the 2nd quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock worth $506,661,000 after purchasing an additional 105,721 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Monolithic Power Systems by 2.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 570,719 shares of the semiconductor company’s stock worth $517,277,000 after purchasing an additional 14,132 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. 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. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Raymond James Financial reiterated an “outperform” rating and issued a $1,800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, KeyCorp lifted their target price 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. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $1,599.52 on Wednesday. The firm’s 50-day moving average is $1,278.85 and its 200-day moving average is $1,112.61. Monolithic Power Systems, Inc. has a 1 year low of $643.36 and a 1 year high of $1,663.99. The company has a market cap of $78.58 billion, a P/E ratio of 115.32, a PEG ratio of 2.97 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping 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 company had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. During the same period last year, the firm posted $4.04 EPS. The company’s revenue for the quarter was up 26.1% on a year-over-year basis. As a group, sell-side analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Insider Buying and Selling at Monolithic Power Systems

In other news, Director Jeff Zhou sold 500 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,650.00, for a total transaction of $825,000.00. Following the sale, the director directly owned 4,286 shares in the company, valued at approximately $7,071,900. This represents a 10.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deming Xiao sold 30,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the sale, the executive vice president owned 205,959 shares in the company, valued at $340,769,463.45. The trade was a 12.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 87,992 shares of company stock worth $120,484,010. Corporate insiders own 3.40% of the company’s stock.

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.