Bank of New York Mellon Corp Has $267.48 Million Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Bank of New York Mellon Corp trimmed its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 295,119 shares of the semiconductor company’s stock after selling 8,972 shares during the period. Bank of New York Mellon Corp’s holdings in Monolithic Power Systems were worth $267,484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $34,000. IFP Advisors Inc increased its position in shares of Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares in the last quarter. Covestor Ltd increased its position in shares of Monolithic Power Systems by 29.0% during the fourth 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. Cornerstone Planning Group LLC increased its position in shares of Monolithic Power Systems by 542.9% during the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 38 shares in the last quarter. Finally, Torren Management LLC bought a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $49,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MPWR has been the subject of several recent research reports. Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. KeyCorp boosted their target price on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Weiss Ratings downgraded shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 28th. Finally, Truist Financial set a $1,805.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,599.17.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $1,652.60 on Friday. The firm has a 50-day moving average of $1,454.93 and a 200-day moving average of $1,182.46. The company has a market cap of $81.19 billion, a P/E ratio of 119.15, a P/E/G ratio of 3.02 and a beta of 1.69. Monolithic Power Systems, Inc. has a one year low of $670.00 and a one year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.90 by $0.20. The company had revenue of $804.19 million during 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%. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.04 earnings per share. As a group, research analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Jeff Zhou sold 486 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total value of $816,480.00. Following the completion of the sale, the director owned 3,800 shares in the company, valued at $6,384,000. This represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Saria Tseng sold 7,565 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the transaction, the executive vice president owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. The trade was a 4.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 113,073 shares of company stock valued at $160,875,958 over the last 90 days. 3.40% of the stock is currently owned by company insiders.

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.