Hsbc Holdings PLC Buys 60,414 Shares of Monolithic Power Systems, Inc. $MPWR

Hsbc Holdings PLC raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) by 43.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 200,626 shares of the semiconductor company’s stock after buying an additional 60,414 shares during the quarter. Hsbc Holdings PLC’s holdings in Monolithic Power Systems were worth $182,310,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $34,000. IFP Advisors Inc increased its holdings in Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares during the period. Covestor Ltd lifted its stake 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 purchasing an additional 9 shares in the last quarter. Greenline Wealth Management LLC bought a new position in Monolithic Power Systems in the 4th quarter valued at $38,000. Finally, Torren Management LLC bought a new position in Monolithic Power Systems in the 4th quarter valued at $49,000. 93.46% of the stock is currently owned by institutional investors.

Insider Transactions at Monolithic Power Systems

In related news, 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 transaction, 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Saria Tseng sold 7,565 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction 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. This represents a 4.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 85,939 shares of company stock valued at $133,279,108. Insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Rosenblatt Securities raised their price target on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a report on Friday, May 1st. TD Cowen lifted their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research report 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. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,599.17.

Get Our Latest Report on MPWR

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $1,288.16 on Friday. The stock’s 50-day moving average price is $1,537.65 and its 200-day moving average price is $1,259.07. Monolithic Power Systems, Inc. has a 12-month low of $686.87 and a 12-month high of $1,714.09. The stock has a market capitalization of $63.29 billion, a P/E ratio of 92.87, a price-to-earnings-growth ratio of 2.30 and a beta of 1.71.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last released its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates 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%.Monolithic Power Systems’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.04 EPS. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $2.00 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $8.00 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s payout ratio is presently 57.68%.

Monolithic Power Systems Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report).

Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.