Cullen Frost Bankers Inc. Has $11.75 Million Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Cullen Frost Bankers Inc. raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 318.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,762 shares of the semiconductor company’s stock after buying an additional 9,713 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Monolithic Power Systems were worth $11,749,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 200 shares during the last quarter. Empowered Funds LLC boosted its holdings in Monolithic Power Systems by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after purchasing an additional 161 shares during the period. Ballentine Partners LLC grew its position in Monolithic Power Systems by 39.4% in the 2nd quarter. Ballentine Partners LLC now owns 531 shares of the semiconductor company’s stock worth $388,000 after purchasing an additional 150 shares during the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Monolithic Power Systems by 11.1% during the 2nd quarter. Perigon Wealth Management LLC now owns 510 shares of the semiconductor company’s stock worth $373,000 after purchasing an additional 51 shares during the period. Finally, CX Institutional raised its position in shares of Monolithic Power Systems by 10.7% during the second quarter. CX Institutional now owns 290 shares of the semiconductor company’s stock valued at $212,000 after buying an additional 28 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Victor K. Lee sold 1,000 shares of Monolithic Power Systems stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $951.72, for a total value of $951,720.00. Following the completion of the transaction, the director directly owned 28,567 shares of the company’s stock, valued at $27,187,785.24. The trade was a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Theodore Blegen sold 3,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $1,024.43, for a total transaction of $3,073,290.00. Following the transaction, the chief financial officer owned 74,332 shares in the company, valued at approximately $76,147,930.76. This trade represents a 3.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 69,976 shares of company stock worth $63,370,417. 3.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MPWR. Wells Fargo & Company boosted their price target on Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Truist Financial raised their target price on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Wolfe Research set a $1,200.00 price target on shares of Monolithic Power Systems and gave the company an “outperform” rating in a report on Tuesday, October 14th. KeyCorp increased their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Citigroup lifted their target price on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average target price of $1,074.58.

Monolithic Power Systems Stock Down 1.2%

Shares of Monolithic Power Systems stock opened at $1,063.74 on Monday. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,123.38. The stock has a market capitalization of $50.96 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 3.00 and a beta of 1.45. The company has a 50-day simple moving average of $953.51 and a 200 day simple moving average of $905.71.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.11. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The firm had revenue of $737.18 million for the quarter, compared to analysts’ expectations of $720.66 million. During the same period in the prior year, the firm earned $4.06 earnings per share. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a $1.56 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $6.24 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s payout ratio is presently 15.93%.

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.