Oppenheimer & Co. Inc. acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,617 shares of the semiconductor company’s stock, valued at approximately $385,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Pembroke Management LTD lifted its holdings in Monolithic Power Systems by 5.6% in the third quarter. Pembroke Management LTD now owns 98,000 shares of the semiconductor company’s stock valued at $10,442,000 after acquiring an additional 5,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Monolithic Power Systems by 19.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,852 shares of the semiconductor company’s stock valued at $943,000 after acquiring an additional 1,442 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Monolithic Power Systems by 11.6% in the third quarter. Pacer Advisors Inc. now owns 6,254 shares of the semiconductor company’s stock valued at $666,000 after acquiring an additional 650 shares during the last quarter. Chartwell Investment Partners LLC lifted its holdings in Monolithic Power Systems by 5.1% in the third quarter. Chartwell Investment Partners LLC now owns 41,007 shares of the semiconductor company’s stock valued at $4,369,000 after acquiring an additional 1,992 shares during the last quarter. Finally, Macquarie Group Ltd. acquired a new position in Monolithic Power Systems in the third quarter valued at approximately $12,546,000. Hedge funds and other institutional investors own 93.87% of the company’s stock.
A number of research analysts recently commented on the company. Stifel Nicolaus upped their price objective on Monolithic Power Systems from $126.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $140.00 price target on the stock in a research note on Thursday, November 2nd. Oppenheimer upped their price target on Monolithic Power Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. KeyCorp restated a “buy” rating and set a $125.00 price target on shares of Monolithic Power Systems in a research note on Friday, October 27th. Finally, Deutsche Bank upped their price target on Monolithic Power Systems from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $129.25.
Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly 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 return on equity of 15.40% and a net margin of 15.66%. The company had revenue of $128.90 million for the quarter, compared to analysts’ expectations of $126.11 million. During the same period in the prior year, the firm earned $0.66 earnings per share. The firm’s revenue was up 21.0% compared to the same quarter last year. research analysts forecast that Monolithic Power Systems, Inc. will post 1.8 EPS for the current fiscal year.
In other news, VP Saria Tseng sold 4,998 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $125.62, for a total value of $627,848.76. Following the sale, the vice president now directly owns 266,726 shares in the company, valued at $33,506,120.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James C. Moyer sold 10,000 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $123.76, for a total value of $1,237,600.00. Following the completion of the sale, the director now owns 735,225 shares in the company, valued at $90,991,446. The disclosure for this sale can be found here. Insiders have sold 97,535 shares of company stock worth $11,436,653 over the last 90 days. 4.00% of the stock is owned by insiders.
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About Monolithic Power Systems
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.
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