Eurizon Capital SGR S.p.A. Makes New $9.09 Million Investment in Monolithic Power Systems, Inc. $MPWR

Eurizon Capital SGR S.p.A. acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 10,029 shares of the semiconductor company’s stock, valued at approximately $9,093,000.

A number of other hedge funds also recently added to or reduced their stakes in MPWR. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Monolithic Power Systems during the 4th quarter worth approximately $34,000. IFP Advisors Inc lifted its position 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 position in Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 9 shares during the period. Cornerstone Planning Group LLC lifted its position in Monolithic Power Systems by 542.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 38 shares during the period. Finally, Torren Management LLC acquired a new stake in Monolithic Power Systems during the 4th quarter worth approximately $49,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,566.21 on Monday. The company has a market cap of $76.95 billion, a price-to-earnings ratio of 112.92, a price-to-earnings-growth ratio of 2.80 and a beta of 1.69. The stock has a 50 day simple moving average of $1,411.52 and a 200-day simple moving average of $1,163.08. Monolithic Power Systems, Inc. has a 12-month low of $643.36 and a 12-month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The business had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same period in the prior year, the business posted $4.04 EPS. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Monolithic Power Systems News Roundup

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

Insider Activity

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 owned 4,786 shares in the company, valued at $7,595,669.16. This trade represents a 17.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eugen J. Elmiger sold 12,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the transaction, the director directly owned 5,402 shares of the company’s stock, valued at $8,561,953.92. This trade represents a 68.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 113,043 shares of company stock valued at $160,829,940 in the last 90 days. Insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on MPWR shares. TD Cowen increased their price objective on 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 price objective on 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. Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a research note on Friday, May 1st. KeyCorp increased their target price on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,599.17.

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.