Prudential PLC Sells 784 Shares of Monolithic Power Systems, Inc. $MPWR

Prudential PLC trimmed its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 26.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,217 shares of the semiconductor company’s stock after selling 784 shares during the quarter. Prudential PLC’s holdings in Monolithic Power Systems were worth $2,009,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Covestor Ltd boosted its position in Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 9 shares during the last quarter. Resonant Capital Advisors LLC raised its stake in shares of Monolithic Power Systems by 4.1% during the 4th quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock worth $230,000 after purchasing an additional 10 shares during the period. YANKCOM Partnership raised its stake in shares of Monolithic Power Systems by 6.7% during the 4th quarter. YANKCOM Partnership now owns 176 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 11 shares during the period. First National Bank of Hutchinson boosted its holdings in shares of Monolithic Power Systems by 1.2% in the 4th quarter. First National Bank of Hutchinson now owns 948 shares of the semiconductor company’s stock worth $859,000 after buying an additional 11 shares during the last quarter. Finally, Ballentine Partners LLC grew its position in Monolithic Power Systems by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 567 shares of the semiconductor company’s stock valued at $514,000 after buying an additional 12 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $1,481.05 on Monday. The company has a market cap of $72.76 billion, a PE ratio of 106.78, a price-to-earnings-growth ratio of 2.65 and a beta of 1.69. Monolithic Power Systems, Inc. has a 52 week low of $670.00 and a 52 week high of $1,714.09. The firm’s 50-day simple moving average is $1,462.17 and its two-hundred day simple moving average is $1,186.58.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results 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. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The firm had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. During the same quarter last year, the company earned $4.04 earnings per share. The company’s revenue was up 26.1% on a year-over-year basis. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on MPWR shares. Rosenblatt Securities lifted their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. TD Cowen raised their price target on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Needham & Company LLC upped their price objective on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Raymond James Financial reissued an “outperform” rating and set a $1,800.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average target price of $1,599.17.

Insiders Place Their Bets

In other 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 value of $1,609,278.84. Following the completion of the transaction, the director directly owned 4,786 shares of the company’s stock, valued at $7,595,669.16. This trade represents a 17.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deming Xiao sold 30,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the completion of the transaction, the executive vice president owned 205,959 shares of the company’s stock, valued at approximately $340,769,463.45. This trade represents a 12.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 113,073 shares of company stock worth $160,875,958 in the last three months. 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.