Monolithic Power Systems, Inc. $MPWR Shares Acquired by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. increased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 13,314 shares of the semiconductor company’s stock after buying an additional 552 shares during the period. Cullen Frost Bankers Inc.’s holdings in Monolithic Power Systems were worth $12,067,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Monolithic Power Systems during the fourth quarter worth approximately $34,000. IFP Advisors Inc grew its stake in Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares during the period. Covestor Ltd increased its holdings in Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 9 shares in the last quarter. Cornerstone Planning Group LLC raised its position in Monolithic Power Systems by 542.9% during 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 period. Finally, Root Financial Partners LLC acquired a new position in Monolithic Power Systems during the third quarter worth $42,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

MPWR stock opened at $1,553.27 on Thursday. The firm has a market cap of $76.31 billion, a PE ratio of 111.99, a PEG ratio of 2.63 and a beta of 1.74. The firm’s 50 day moving average price is $1,335.70 and its 200-day moving average price is $1,132.35. Monolithic Power Systems, Inc. has a one year low of $643.36 and a one year high of $1,675.42.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.20. The company had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The firm’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period in the prior year, the business posted $4.04 earnings per share. Equities research analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the completion of the transaction, the executive vice president directly owned 166,644 shares in the company, valued at approximately $260,197,941.60. This represents a 6.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deming Xiao sold 30,000 shares of the firm’s stock in a transaction dated 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 directly owned 205,959 shares of the company’s stock, 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. Over the last quarter, insiders have sold 99,992 shares of company stock worth $139,220,810. Corporate insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Truist Financial set a $1,805.00 price objective on Monolithic Power Systems in a report on Friday, May 1st. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Needham & Company LLC raised their target price on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $1,800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,599.17.

About Monolithic Power Systems

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.