BlackRock Inc. Raises Position in Monolithic Power Systems, Inc. (MPWR)

BlackRock Inc. increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 10.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,198,262 shares of the semiconductor company’s stock after buying an additional 408,839 shares during the period. BlackRock Inc. owned 9.90% of Monolithic Power Systems worth $527,006,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Alliancebernstein L.P. increased its stake in shares of Monolithic Power Systems by 5.2% in the 3rd quarter. Alliancebernstein L.P. now owns 679,666 shares of the semiconductor company’s stock valued at $85,318,000 after acquiring an additional 33,330 shares during the last quarter. Eagle Asset Management Inc. increased its stake in shares of Monolithic Power Systems by 2.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 65,389 shares of the semiconductor company’s stock valued at $8,208,000 after acquiring an additional 1,261 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Monolithic Power Systems by 114.5% in the 3rd quarter. Jennison Associates LLC now owns 263,476 shares of the semiconductor company’s stock valued at $33,074,000 after acquiring an additional 140,649 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at about $311,000. Finally, Piedmont Investment Advisors Inc. bought a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at about $370,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

In other Monolithic Power Systems news, Director James C. Moyer sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $126.18, for a total transaction of $1,261,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Hsing sold 35,171 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $134.77, for a total value of $4,739,995.67. Following the transaction, the chief executive officer now directly owns 1,074,394 shares of the company’s stock, valued at approximately $144,796,079.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 124,264 shares of company stock valued at $16,009,687. 4.00% of the stock is owned by company insiders.

NASDAQ MPWR opened at $121.83 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $101.99 and a 52-week high of $152.21. The company has a market cap of $5.38 billion, a P/E ratio of 65.85, a price-to-earnings-growth ratio of 2.06 and a beta of 1.51.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, October 25th. The semiconductor company reported $0.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.73. Monolithic Power Systems had a return on equity of 18.51% and a net margin of 16.07%. The business had revenue of $159.98 million during the quarter, compared to analysts’ expectations of $158.59 million. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 2.46 earnings per share for the current year.

A number of analysts have recently commented on the company. KeyCorp upped their price target on Monolithic Power Systems from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, August 29th. BidaskClub cut Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 12th. Needham & Company LLC reissued a “buy” rating and set a $155.00 target price on shares of Monolithic Power Systems in a research note on Thursday, September 13th. Raymond James cut Monolithic Power Systems from a “strong-buy” rating to an “outperform” rating and set a $160.00 target price for the company. in a research note on Tuesday, September 25th. Finally, ValuEngine raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Monday, November 26th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $151.00.

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Monolithic Power Systems 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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