Janus Henderson Group PLC Sells 1,584 Shares of Monolithic Power Systems, Inc. (MPWR)

Janus Henderson Group PLC lowered its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 267,108 shares of the semiconductor company’s stock after selling 1,584 shares during the period. Janus Henderson Group PLC’s holdings in Monolithic Power Systems were worth $33,530,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Hawaiian Bank bought a new stake in shares of Monolithic Power Systems during the 3rd quarter worth approximately $127,000. Grandeur Peak Global Advisors LLC bought a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $141,000. Engineers Gate Manager LP bought a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $201,000. Eagle Boston Investment Management Inc. bought a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $216,000. Finally, Signition LP bought a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $222,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on the stock. KeyCorp upped their price target on shares of Monolithic Power Systems from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, August 29th. ValuEngine downgraded shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday, October 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $155.00 price target on shares of Monolithic Power Systems in a report on Thursday, September 13th. BidaskClub raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Friday, November 23rd. Finally, Zacks Investment Research downgraded shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Monday, October 8th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $151.00.

In related news, Director James C. Moyer sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $126.18, for a total transaction of $1,261,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Maurice Sciammas sold 5,808 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $121.73, for a total transaction of $707,007.84. Following the transaction, the vice president now owns 307,551 shares of the company’s stock, valued at $37,438,183.23. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,093 shares of company stock valued at $11,269,691. 4.00% of the stock is owned by corporate insiders.

MPWR stock opened at $134.73 on Tuesday. The company has a market cap of $5.60 billion, a P/E ratio of 55.96, a P/E/G ratio of 2.15 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 released its quarterly earnings data on Thursday, October 25th. The semiconductor company reported $0.73 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.73. The business had revenue of $159.98 million during the quarter, compared to analysts’ expectations of $158.59 million. Monolithic Power Systems had a net margin of 16.07% and a return on equity of 18.51%. Analysts anticipate that Monolithic Power Systems, Inc. will post 2.46 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Janus Henderson Group PLC Sells 1,584 Shares of Monolithic Power Systems, Inc. (MPWR)” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://www.com-unik.info/2018/12/04/janus-henderson-group-plc-sells-1584-shares-of-monolithic-power-systems-inc-mpwr.html.

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.

Read More: Derivative

Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR).

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

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit