Pinkerton Wealth LLC Acquires New Shares in Monolithic Power Systems, Inc. $MPWR

Pinkerton Wealth LLC acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,666 shares of the semiconductor company’s stock, valued at approximately $3,323,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Monolithic Power Systems in the fourth quarter worth about $34,000. IFP Advisors Inc raised its holdings in Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd raised its holdings in Monolithic Power Systems by 29.0% in the fourth 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. Cornerstone Planning Group LLC raised its holdings in Monolithic Power Systems by 542.9% in the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 38 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in Monolithic Power Systems in the third quarter worth about $42,000. 93.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MPWR has been the subject of a number of recent research reports. Zacks Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Rosenblatt Securities boosted 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 report on Friday, May 1st. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Wells Fargo & Company boosted their target price on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $1,800.00 target price on shares of Monolithic Power Systems in a report 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

Insider Activity

In other news, EVP Saria Tseng sold 25,674 shares of the company’s stock in a transaction dated 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 represents a 12.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Deming Xiao sold 30,000 shares of the company’s stock in a transaction dated 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 approximately $340,769,463.45. This trade represents a 12.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 99,992 shares of company stock valued at $139,220,810. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Stock Up 5.8%

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 company has a market cap of $76.31 billion, a P/E ratio of 111.99, a price-to-earnings-growth ratio of 2.63 and a beta of 1.74. The firm’s 50-day moving average price is $1,335.70 and its 200-day moving average price is $1,132.35.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $781.93 million. During the same quarter in the prior year, the company posted $4.04 earnings per share. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. On average, research 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.