Schwab Charles Investment Management Inc. Boosts Position in Monolithic Power Systems, Inc. (MPWR)

Schwab Charles Investment Management Inc. increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 33.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 231,236 shares of the semiconductor company’s stock after buying an additional 58,362 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.56% of Monolithic Power Systems worth $24,639,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantbot Technologies LP purchased a new position in shares of Monolithic Power Systems in the second quarter worth approximately $121,000. D.A. Davidson & CO. boosted its holdings in shares of Monolithic Power Systems by 13.2% in the second quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock worth $141,000 after buying an additional 172 shares during the last quarter. Fortaleza Asset Management Inc. boosted its holdings in shares of Monolithic Power Systems by 50.2% in the second quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock worth $185,000 after buying an additional 640 shares during the last quarter. FDx Advisors Inc. purchased a new position in shares of Monolithic Power Systems in the third quarter worth approximately $221,000. Finally, Riverhead Capital Management LLC boosted its holdings in shares of Monolithic Power Systems by 74.8% in the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock worth $202,000 after buying an additional 897 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on MPWR. Stifel Nicolaus raised their price objective on shares of Monolithic Power Systems from $126.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. KeyCorp restated a “buy” rating and set a $115.00 target price on shares of Monolithic Power Systems in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Oppenheimer raised their target price on shares of Monolithic Power Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Finally, BidaskClub cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Monolithic Power Systems presently has an average rating of “Buy” and a consensus price target of $129.25.

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) opened at $110.26 on Friday. Monolithic Power Systems, Inc. has a one year low of $81.36 and a one year high of $126.80. The company has a market cap of $4,629.14, a P/E ratio of 67.58, a price-to-earnings-growth ratio of 3.45 and a beta of 1.26.

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

In other news, insider Deming Xiao sold 6,004 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $123.06, for a total transaction of $738,852.24. Following the sale, the insider now owns 280,865 shares in the company, valued at $34,563,246.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael Hsing sold 19,765 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $123.06, for a total transaction of $2,432,280.90. Following the sale, the chief executive officer now owns 1,125,086 shares in the company, valued at approximately $138,453,083.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,994 shares of company stock worth $11,618,273. Company insiders own 4.00% of the company’s stock.

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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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