Cullen Frost Bankers Inc. Buys 552 Shares of Monolithic Power Systems, Inc. $MPWR

Cullen Frost Bankers Inc. increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,314 shares of the semiconductor company’s stock after purchasing an additional 552 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Monolithic Power Systems were worth $12,067,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd raised its stake in shares of 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 in the last quarter. Resonant Capital Advisors LLC increased its position in shares of Monolithic Power Systems by 4.1% during the fourth quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock worth $230,000 after purchasing an additional 10 shares in the last quarter. YANKCOM Partnership lifted its holdings 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 valued at $160,000 after purchasing an additional 11 shares during the last quarter. First National Bank of Hutchinson lifted its holdings in shares of Monolithic Power Systems by 1.2% during the 4th quarter. First National Bank of Hutchinson now owns 948 shares of the semiconductor company’s stock valued at $859,000 after purchasing an additional 11 shares during the last quarter. Finally, Sagespring Wealth Partners LLC boosted its position in shares of Monolithic Power Systems by 2.4% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 512 shares of the semiconductor company’s stock worth $471,000 after purchasing an additional 12 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

MPWR has been the topic of several recent analyst reports. Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a research report on Friday, May 1st. Stifel Nicolaus raised their price target on 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. KeyCorp upped their price objective on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Rosenblatt Securities lifted their target price on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the completion of the transaction, the executive vice president owned 166,644 shares of the company’s stock, valued at $260,197,941.60. The trade was a 6.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeff Zhou sold 1,014 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 4,786 shares in the company, valued at approximately $7,595,669.16. This trade represents a 17.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 99,992 shares of company stock valued at $139,220,810 over the last ninety days. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Up 5.8%

Shares of NASDAQ:MPWR opened at $1,553.27 on Thursday. Monolithic Power Systems, Inc. has a 52-week low of $643.36 and a 52-week high of $1,675.42. The stock has a market cap of $76.31 billion, a price-to-earnings ratio of 111.99, a PEG ratio of 2.63 and a beta of 1.74. The business has a 50-day moving average price of $1,335.70 and a 200-day moving average price of $1,132.35.

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

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.