Allstate Corp Grows Position in Monolithic Power Systems, Inc. $MPWR

Allstate Corp lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 106.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,556 shares of the semiconductor company’s stock after buying an additional 1,830 shares during the quarter. Allstate Corp’s holdings in Monolithic Power Systems were worth $3,223,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Monolithic Power Systems by 2.3% in 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 in the last quarter. State Street Corp lifted its holdings in shares of Monolithic Power Systems by 0.7% in the third quarter. State Street Corp now owns 2,134,704 shares of the semiconductor company’s stock worth $1,968,578,000 after buying an additional 14,670 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Monolithic Power Systems by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock worth $794,723,000 after buying an additional 6,503 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Monolithic Power Systems by 18.0% in the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock worth $506,661,000 after buying an additional 105,721 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Monolithic Power Systems by 2.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 570,719 shares of the semiconductor company’s stock worth $517,277,000 after purchasing an additional 14,132 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 2.6%

MPWR stock opened at $1,620.17 on Thursday. Monolithic Power Systems, Inc. has a twelve month low of $643.36 and a twelve month high of $1,714.09. The stock has a market capitalization of $79.60 billion, a price-to-earnings ratio of 116.81, a price-to-earnings-growth ratio of 2.97 and a beta of 1.74. The firm’s fifty day simple moving average is $1,390.37 and its two-hundred day simple moving average is $1,154.17.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data 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. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. During the same quarter in the previous year, the business posted $4.04 earnings per share. The business’s revenue was up 26.1% compared to the same quarter last year. As a group, equities research analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Zacks Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Raymond James Financial reaffirmed an “outperform” rating and set a $1,800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Needham & Company LLC upped their price target on shares of 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. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the transaction, the executive vice president owned 205,959 shares in the company, valued at $340,769,463.45. The trade was a 12.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Saria Tseng sold 25,674 shares of the business’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $1,010.50, for a total transaction of $25,943,577.00. Following the transaction, the executive vice president owned 174,982 shares in the company, valued at $176,819,311. This trade represents a 12.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 105,478 shares of company stock valued at $147,969,440. 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.