Hantz Financial Services Inc. Trims Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Hantz Financial Services Inc. trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 16.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,591 shares of the semiconductor company’s stock after selling 2,054 shares during the period. Hantz Financial Services Inc.’s holdings in Monolithic Power Systems were worth $9,599,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd grew its stake 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 during the period. Resonant Capital Advisors LLC grew its stake in Monolithic Power Systems by 4.1% in 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 during the period. YANKCOM Partnership grew its stake in shares of Monolithic Power Systems by 6.7% in the fourth quarter. YANKCOM Partnership now owns 176 shares of the semiconductor company’s stock worth $160,000 after acquiring an additional 11 shares during the last quarter. First National Bank of Hutchinson grew its stake in shares of Monolithic Power Systems by 1.2% in the fourth quarter. First National Bank of Hutchinson now owns 948 shares of the semiconductor company’s stock worth $859,000 after acquiring an additional 11 shares during the last quarter. Finally, Sagespring Wealth Partners LLC grew its stake in shares of Monolithic Power Systems by 2.4% in the third quarter. Sagespring Wealth Partners LLC now owns 512 shares of the semiconductor company’s stock worth $471,000 after acquiring an additional 12 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Jeff Zhou sold 1,014 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,587.06, for a total transaction of $1,609,278.84. Following the transaction, the director directly owned 4,786 shares of the company’s stock, valued at $7,595,669.16. This represents a 17.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Saria Tseng sold 25,674 shares of the stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $1,010.50, for a total value of $25,943,577.00. Following the completion of the transaction, the executive vice president directly owned 174,982 shares in the company, valued at approximately $176,819,311. This represents a 12.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 99,992 shares of company stock valued at $139,220,810. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $1,589.81 on Monday. The company has a market cap of $78.11 billion, a P/E ratio of 114.62, a PEG ratio of 2.84 and a beta of 1.74. Monolithic Power Systems, Inc. has a 1 year low of $643.36 and a 1 year high of $1,675.42. The stock’s fifty day moving average price is $1,356.19 and its 200-day moving average price is $1,140.39.

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

Analysts Set New Price Targets

MPWR has been the topic of a number of recent research reports. Needham & Company LLC increased their target price on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Wells Fargo & Company increased their target price on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Zacks Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.