5,668 Shares in Monolithic Power Systems, Inc. $MPWR Purchased by Eurizon SLJ Capital Ltd

Eurizon SLJ Capital Ltd acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 5,668 shares of the semiconductor company’s stock, valued at approximately $5,137,000. Monolithic Power Systems makes up about 2.0% of Eurizon SLJ Capital Ltd’s holdings, making the stock its 18th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Penserra Capital Management LLC increased its holdings 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 worth $2,016,000 after buying an additional 1,031 shares during the last quarter. AE Wealth Management LLC purchased a new stake in Monolithic Power Systems during the third quarter worth about $1,121,000. Candriam S.C.A. increased its holdings in Monolithic Power Systems by 6.9% during the third quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company’s stock worth $79,089,000 after buying an additional 5,561 shares during the last quarter. Vanguard Group Inc. increased its holdings in Monolithic Power Systems by 2.3% during the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after buying an additional 134,087 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Monolithic Power Systems by 66.4% during the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock worth $412,263,000 after buying an additional 178,622 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Key Headlines Impacting Monolithic Power Systems

Here are the key news stories impacting Monolithic Power Systems this week:

• Negative Sentiment: EVP Saria Tseng disclosed a sale of 7,565 shares at an average price of $1,700, trimming her position by about 5%. Insiders at Monolithic Power have been actively selling lately, which can signal that management sees less near-term upside. Article Title
• Negative Sentiment: Director Jeff Zhou also sold 486 shares at $1,680, continuing a recent pattern of insider selling at MPWR. Multiple insider sales in a short period often pressure sentiment, even if the amounts are small relative to total holdings. Article Title
• Negative Sentiment: Separate coverage noted that insiders have sold roughly $515 million of Monolithic Power stock, reinforcing concerns that the shares may be getting expensive after a strong run. Article Title
• Negative Sentiment: GuruFocus said MPWR still looks overvalued despite the recent rally, adding to valuation anxiety as the stock trades near its highs. Article Title

Analysts Set New Price Targets

A number of brokerages have weighed in on MPWR. TD Cowen increased 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. Wells Fargo & Company increased their target price on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. KeyCorp increased their target price on shares of 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. Raymond James Financial reiterated an “outperform” rating and set a $1,800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, Needham & Company LLC increased 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 report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,599.17.

Monolithic Power Systems Trading Down 4.1%

MPWR stock opened at $1,566.21 on Friday. The firm has a 50 day moving average of $1,411.52 and a 200-day moving average of $1,161.77. Monolithic Power Systems, Inc. has a 12 month low of $643.36 and a 12 month high of $1,714.09. The firm has a market capitalization of $76.95 billion, a P/E ratio of 112.92, a price-to-earnings-growth ratio of 2.92 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $781.93 million. During the same period last year, the business earned $4.04 earnings per share. Monolithic Power Systems’s revenue was up 26.1% compared to the same quarter last year. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Insider Buying and Selling

In other news, EVP Saria Tseng sold 25,674 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The shares were 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 directly owned 174,982 shares in the company, valued at approximately $176,819,311. This trade represents a 12.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eugen J. Elmiger sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the completion of the transaction, the director owned 5,402 shares of the company’s stock, valued at $8,561,953.92. This trade represents a 68.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 113,043 shares of company stock valued at $160,829,940 in the last three months. Insiders own 3.40% of the company’s stock.

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.