14,604 Shares in Monolithic Power Systems, Inc. (MPWR) Purchased by Stevens Capital Management LP

Stevens Capital Management LP bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,604 shares of the semiconductor company’s stock, valued at approximately $1,833,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in Monolithic Power Systems by 10.8% during the third quarter. BlackRock Inc. now owns 4,198,262 shares of the semiconductor company’s stock worth $527,006,000 after purchasing an additional 408,839 shares during the last quarter. Franklin Resources Inc. increased its position in Monolithic Power Systems by 28.8% during the third quarter. Franklin Resources Inc. now owns 2,184,008 shares of the semiconductor company’s stock worth $274,166,000 after purchasing an additional 488,655 shares during the last quarter. Wasatch Advisors Inc. increased its position in Monolithic Power Systems by 13.3% during the third quarter. Wasatch Advisors Inc. now owns 1,177,500 shares of the semiconductor company’s stock worth $147,812,000 after purchasing an additional 138,539 shares during the last quarter. Wells Fargo & Company MN increased its position in Monolithic Power Systems by 3.0% during the third quarter. Wells Fargo & Company MN now owns 1,123,942 shares of the semiconductor company’s stock worth $141,088,000 after purchasing an additional 33,177 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Monolithic Power Systems by 4.1% during the second quarter. Bank of America Corp DE now owns 768,758 shares of the semiconductor company’s stock worth $102,761,000 after purchasing an additional 30,146 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Shares of MPWR stock opened at $126.84 on Wednesday. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 68.56, a P/E/G ratio of 2.19 and a beta of 1.51. Monolithic Power Systems, Inc. has a 1-year low of $101.99 and a 1-year high of $152.21.

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

In other Monolithic Power Systems news, CEO Michael Hsing sold 15,870 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $126.18, for a total transaction of $2,002,476.60. Following the completion of the transaction, the chief executive officer now owns 1,074,167 shares of the company’s stock, valued at $135,538,392.06. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Theodore Blegen sold 1,088 shares of the stock in a transaction dated Monday, October 22nd. The stock was sold at an average price of $114.61, for a total transaction of $124,695.68. Following the transaction, the chief financial officer now directly owns 54,987 shares of the company’s stock, valued at approximately $6,302,060.07. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,093 shares of company stock valued at $11,269,691. 4.00% of the stock is currently owned by insiders.

Several research firms recently issued reports on MPWR. ValuEngine cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Saturday, October 6th. BidaskClub upgraded shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. KeyCorp raised their price objective on shares of Monolithic Power Systems from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 29th. Needham & Company LLC restated a “buy” rating and set a $155.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, September 13th. Finally, Cowen cut their price objective on shares of Monolithic Power Systems from $180.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, October 26th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. Monolithic Power Systems presently has an average rating of “Buy” and a consensus price target of $151.00.

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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 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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