Truist Financial Corp Sells 446 Shares of Monolithic Power Systems, Inc. $MPWR

Truist Financial Corp lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) by 7.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,335 shares of the semiconductor company’s stock after selling 446 shares during the period. Truist Financial Corp’s holdings in Monolithic Power Systems were worth $4,836,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Penserra Capital Management LLC grew its holdings in Monolithic Power Systems by 88.9% during the 3rd quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company’s stock valued at $2,016,000 after buying an additional 1,031 shares in the last quarter. AE Wealth Management LLC purchased a new stake in Monolithic Power Systems during the 3rd quarter valued at approximately $1,121,000. Candriam S.C.A. grew its holdings in Monolithic Power Systems by 6.9% during the 3rd quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company’s stock valued at $79,089,000 after buying an additional 5,561 shares in the last quarter. Vanguard Group Inc. grew its holdings in Monolithic Power Systems by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after buying an additional 134,087 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Monolithic Power Systems by 66.4% during the 3rd quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock valued at $412,263,000 after purchasing an additional 178,622 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $1,600.84 on Monday. Monolithic Power Systems, Inc. has a 12 month low of $630.62 and a 12 month high of $1,662.00. The company has a 50-day moving average price of $1,252.72 and a 200 day moving average price of $1,099.93. The company has a market cap of $78.65 billion, a price-to-earnings ratio of 115.42, a PEG ratio of 2.86 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last announced its quarterly earnings results 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 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 firm earned $4.04 EPS. The firm’s revenue for the quarter was up 26.1% compared to the same quarter last year. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Insider Transactions at Monolithic Power Systems

In related news, EVP Saria Tseng sold 25,674 shares of the stock in a transaction dated 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 owned 174,982 shares of the company’s stock, valued at approximately $176,819,311. This trade represents a 12.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 380 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1,583.81, for a total transaction of $601,847.80. Following the completion of the transaction, the executive vice president directly owned 919 shares of the company’s stock, valued at approximately $1,455,521.39. The trade was a 29.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 88,192 shares of company stock worth $120,720,004 in the last quarter. Company insiders own 3.40% of the company’s stock.

Monolithic Power Systems News Roundup

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Truist Financial set a $1,805.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, TD Cowen increased their price objective on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a 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. Based on data from MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

Get Our Latest Stock Report on MPWR

Monolithic Power Systems 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.

See Also

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

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