Nordea Investment Management AB raised its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,055 shares of the semiconductor company’s stock after purchasing an additional 912 shares during the period. Nordea Investment Management AB’s holdings in Monolithic Power Systems were worth $2,137,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the business. ETRADE Capital Management LLC lifted its position in Monolithic Power Systems by 5.8% during the 3rd quarter. ETRADE Capital Management LLC now owns 7,854 shares of the semiconductor company’s stock valued at $837,000 after purchasing an additional 430 shares during the period. Robecosam AG lifted its position in Monolithic Power Systems by 11.1% during the 3rd quarter. Robecosam AG now owns 100,000 shares of the semiconductor company’s stock valued at $10,643,000 after purchasing an additional 10,000 shares during the period. American International Group Inc. lifted its position in Monolithic Power Systems by 3.0% during the 3rd quarter. American International Group Inc. now owns 104,668 shares of the semiconductor company’s stock valued at $11,152,000 after purchasing an additional 3,086 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Monolithic Power Systems during the 3rd quarter valued at about $385,000. Finally, Pembroke Management LTD lifted its position in Monolithic Power Systems by 5.6% during the 3rd quarter. Pembroke Management LTD now owns 98,000 shares of the semiconductor company’s stock valued at $10,442,000 after purchasing an additional 5,200 shares during the period. Institutional investors own 93.90% of the company’s stock.
In related news, CFO Theodore Blegen sold 459 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $117.91, for a total transaction of $54,120.69. Following the completion of the sale, the chief financial officer now directly owns 40,336 shares of the company’s stock, valued at approximately $4,756,017.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Saria Tseng sold 4,998 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $33,506,120.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,994 shares of company stock valued at $11,490,773. 4.00% of the stock is owned by company insiders.
Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share (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 business had revenue of $128.90 million during the quarter, compared to analysts’ expectations of $126.11 million. During the same period in the prior year, the business earned $0.66 EPS. Monolithic Power Systems’s revenue for the quarter was up 21.0% compared to the same quarter last year. equities analysts predict that Monolithic Power Systems, Inc. will post 1.8 EPS for the current year.
A number of analysts have recently commented on the company. SunTrust Banks assumed coverage on Monolithic Power Systems in a research note on Tuesday, October 10th. They issued a “buy” rating and a $132.00 price target for the company. Deutsche Bank upped their price target on Monolithic Power Systems from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Zacks Investment Research cut Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $117.00 price target on shares of Monolithic Power Systems in a research note on Sunday, September 3rd. Finally, BidaskClub cut Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $129.25.
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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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