Boothbay Fund Management LLC Has $1.31 Million Holdings in Monolithic Power Systems, Inc. (MPWR)

Boothbay Fund Management LLC raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 21.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,328 shares of the semiconductor company’s stock after purchasing an additional 2,175 shares during the quarter. Boothbay Fund Management LLC’s holdings in Monolithic Power Systems were worth $1,314,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in MPWR. Quantbot Technologies LP acquired a new position in shares of Monolithic Power Systems during the second quarter valued at approximately $121,000. D.A. Davidson & CO. increased its stake in shares of Monolithic Power Systems by 13.2% during the second quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock valued at $141,000 after acquiring an additional 172 shares during the period. Fortaleza Asset Management Inc. increased its stake in shares of Monolithic Power Systems by 50.2% during the second quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock valued at $185,000 after acquiring an additional 640 shares during the period. Riverhead Capital Management LLC increased its stake in shares of Monolithic Power Systems by 74.8% during the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock valued at $202,000 after acquiring an additional 897 shares during the period. Finally, Campbell Newman Asset Management Inc. acquired a new position in shares of Monolithic Power Systems during the second quarter valued at approximately $203,000. Institutional investors own 93.90% of the company’s stock.

In other Monolithic Power Systems news, CFO Theodore Blegen sold 459 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $117.91, for a total value of $54,120.69. Following the transaction, the chief financial officer now owns 40,336 shares in the company, valued at $4,756,017.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James C. Moyer sold 15,000 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $105.20, for a total transaction of $1,578,000.00. Following the completion of the transaction, the director now owns 761,201 shares in the company, valued at approximately $80,078,345.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,994 shares of company stock worth $11,490,773. 4.00% of the stock is currently owned by company insiders.

Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at $111.26 on Friday. The stock has a market cap of $4,618.34, a P/E ratio of 67.42, a price-to-earnings-growth ratio of 3.44 and a beta of 1.26. Monolithic Power Systems, Inc. has a 12-month low of $78.62 and a 12-month high of $126.80.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The firm had revenue of $128.90 million for the quarter, compared to analyst estimates of $126.11 million. Monolithic Power Systems had a net margin of 15.66% and a return on equity of 15.40%. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 earnings per share. research analysts forecast that Monolithic Power Systems, Inc. will post 1.8 earnings per share for the current fiscal year.

A number of research analysts recently commented on MPWR shares. BidaskClub lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. KeyCorp reiterated a “buy” rating and set a $115.00 price objective on shares of Monolithic Power Systems in a research note on Friday, September 1st. Stifel Nicolaus reiterated a “buy” rating and set a $117.00 price objective on shares of Monolithic Power Systems in a research note on Sunday, September 3rd. Finally, SunTrust Banks started coverage on shares of Monolithic Power Systems in a research note on Tuesday, October 10th. They set a “buy” rating and a $132.00 price objective on the stock. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $129.25.

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Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

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

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