Waratah Capital Advisors Ltd. bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 33,423 shares of the semiconductor company’s stock, valued at approximately $5,202,000. Waratah Capital Advisors Ltd. owned approximately 0.08% of Monolithic Power Systems at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Monolithic Power Systems by 4.0% during the second quarter. BlackRock Inc. now owns 4,406,881 shares of the semiconductor company’s stock worth $598,366,000 after acquiring an additional 168,988 shares in the last quarter. Vanguard Group Inc. raised its stake in Monolithic Power Systems by 3.0% in the second quarter. Vanguard Group Inc. now owns 3,683,123 shares of the semiconductor company’s stock valued at $500,094,000 after buying an additional 105,831 shares during the period. Wells Fargo & Company MN lifted its position in shares of Monolithic Power Systems by 6.6% in the second quarter. Wells Fargo & Company MN now owns 1,384,712 shares of the semiconductor company’s stock valued at $188,016,000 after buying an additional 86,100 shares during the last quarter. Waddell & Reed Financial Inc. lifted its position in shares of Monolithic Power Systems by 0.9% in the second quarter. Waddell & Reed Financial Inc. now owns 1,186,682 shares of the semiconductor company’s stock valued at $161,128,000 after buying an additional 11,093 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Monolithic Power Systems by 91.4% during the 2nd quarter. Invesco Ltd. now owns 1,182,914 shares of the semiconductor company’s stock worth $160,615,000 after acquiring an additional 564,907 shares during the period. 96.64% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:MPWR traded down $2.94 during trading on Tuesday, reaching $155.06. 1,863 shares of the stock were exchanged, compared to its average volume of 257,319. Monolithic Power Systems, Inc. has a 12 month low of $106.50 and a 12 month high of $166.24. The firm has a market cap of $6.98 billion, a PE ratio of 65.13, a PEG ratio of 2.82 and a beta of 1.60. The stock has a 50-day moving average price of $155.48 and a 200-day moving average price of $145.16.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.02. Monolithic Power Systems had a return on equity of 15.23% and a net margin of 16.93%. The firm had revenue of $168.80 million for the quarter, compared to analysts’ expectations of $165.00 million. During the same quarter last year, the business earned $1.06 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 2.28 earnings per share for the current year.
In other Monolithic Power Systems news, VP Saria Tseng sold 5,494 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $162.14, for a total value of $890,797.16. Also, VP Maurice Sciammas sold 29,128 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $155.83, for a total transaction of $4,539,016.24. Following the completion of the sale, the vice president now directly owns 388,813 shares of the company’s stock, valued at approximately $60,588,729.79. The disclosure for this sale can be found here. Insiders sold 197,887 shares of company stock worth $30,977,182 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently weighed in on the company. Stifel Nicolaus increased their price target on Monolithic Power Systems from $172.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. BidaskClub cut shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 23rd. Loop Capital set a $180.00 price objective on shares of Monolithic Power Systems and gave the company a “buy” rating in a report on Friday, September 27th. Finally, ValuEngine lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $153.20.
About Monolithic Power Systems
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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