Banco de Sabadell S.A Purchases Shares of 7,891 Monolithic Power Systems, Inc. (MPWR)

Banco de Sabadell S.A purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,891 shares of the semiconductor company’s stock, valued at approximately $1,058,000.

Several other hedge funds have also recently added to or reduced their stakes in MPWR. Grandeur Peak Global Advisors LLC purchased a new position in Monolithic Power Systems during the second quarter valued at approximately $141,000. Engineers Gate Manager LP purchased a new position in Monolithic Power Systems during the second quarter valued at approximately $201,000. Eagle Boston Investment Management Inc. purchased a new position in Monolithic Power Systems during the second quarter valued at approximately $216,000. Signition LP purchased a new position in Monolithic Power Systems during the second quarter valued at approximately $222,000. Finally, Triangle Securities Wealth Management purchased a new position in Monolithic Power Systems during the second quarter valued at approximately $224,000. Institutional investors and hedge funds own 93.67% of the company’s stock.

Shares of MPWR opened at $136.78 on Friday. The company has a market cap of $6.18 billion, a P/E ratio of 73.36, a P/E/G ratio of 2.38 and a beta of 1.47. Monolithic Power Systems, Inc. has a 52 week low of $100.26 and a 52 week high of $152.21.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, July 25th. The semiconductor company reported $0.90 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.90. The company had revenue of $139.76 million during the quarter, compared to the consensus estimate of $139.45 million. Monolithic Power Systems had a net margin of 15.51% and a return on equity of 17.84%. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share. equities analysts anticipate that Monolithic Power Systems, Inc. will post 2.45 EPS for the current fiscal year.

A number of brokerages recently commented on MPWR. Cowen began coverage on shares of Monolithic Power Systems in a research report on Thursday, May 17th. They set an “outperform” rating and a $150.00 price objective on the stock. Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, August 29th. Stifel Nicolaus boosted their price objective on shares of Monolithic Power Systems from $138.00 to $147.00 and gave the company a “buy” rating in a research report on Friday, June 8th. Finally, Deutsche Bank boosted their price objective on shares of Monolithic Power Systems from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, June 5th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Monolithic Power Systems has a consensus rating of “Buy” and an average price target of $150.56.

In other Monolithic Power Systems news, CEO Michael Hsing sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $132.97, for a total value of $2,659,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,148,575 shares of the company’s stock, valued at $152,726,017.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James C. Moyer sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $146.27, for a total transaction of $2,194,050.00. Following the completion of the sale, the director now directly owns 626,815 shares of the company’s stock, valued at $91,684,230.05. The disclosure for this sale can be found here. Insiders sold 178,259 shares of company stock valued at $25,151,897 over the last three months. Insiders own 4.00% of the company’s stock.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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