1,750 Shares in Monolithic Power Systems, Inc. (MPWR) Purchased by Magnus Financial Group LLC

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Magnus Financial Group LLC bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,750 shares of the semiconductor company’s stock, valued at approximately $237,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Suntrust Banks Inc. lifted its holdings in Monolithic Power Systems by 3.9% during the 4th quarter. Suntrust Banks Inc. now owns 2,425 shares of the semiconductor company’s stock worth $282,000 after buying an additional 91 shares during the last quarter. Connable Office Inc. lifted its holdings in Monolithic Power Systems by 3.2% during the 1st quarter. Connable Office Inc. now owns 2,898 shares of the semiconductor company’s stock worth $393,000 after buying an additional 91 shares during the last quarter. Campbell Newman Asset Management Inc. lifted its holdings in Monolithic Power Systems by 2.4% during the 1st quarter. Campbell Newman Asset Management Inc. now owns 3,912 shares of the semiconductor company’s stock worth $530,000 after buying an additional 92 shares during the last quarter. M&T Bank Corp lifted its holdings in Monolithic Power Systems by 5.9% during the 4th quarter. M&T Bank Corp now owns 1,804 shares of the semiconductor company’s stock worth $211,000 after buying an additional 101 shares during the last quarter. Finally, MML Investors Services LLC lifted its holdings in Monolithic Power Systems by 2.8% during the 4th quarter. MML Investors Services LLC now owns 3,885 shares of the semiconductor company’s stock worth $452,000 after buying an additional 104 shares during the last quarter. 96.61% of the stock is currently owned by institutional investors.

Shares of NASDAQ MPWR opened at $119.34 on Friday. The company has a market capitalization of $5.14 billion, a P/E ratio of 49.93, a P/E/G ratio of 1.88 and a beta of 1.46. Monolithic Power Systems, Inc. has a 12-month low of $101.99 and a 12-month high of $161.22.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.84. The business had revenue of $141.40 million for the quarter, compared to the consensus estimate of $141.11 million. Monolithic Power Systems had a return on equity of 17.99% and a net margin of 18.43%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $0.79 EPS. On average, analysts forecast that Monolithic Power Systems, Inc. will post 2.62 earnings per share for the current year.

MPWR has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 target price on shares of Monolithic Power Systems in a report on Monday, March 4th. BidaskClub downgraded Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Deutsche Bank raised their price target on Monolithic Power Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th. Zacks Investment Research raised Monolithic Power Systems from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, ValuEngine downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $148.88.

In other Monolithic Power Systems news, Director James C. Moyer sold 15,000 shares of Monolithic Power Systems stock in a transaction on Monday, March 11th. The stock was sold at an average price of $137.01, for a total transaction of $2,055,150.00. Following the sale, the director now owns 527,260 shares of the company’s stock, valued at approximately $72,239,892.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Deming Xiao sold 13,979 shares of Monolithic Power Systems stock in a transaction on Monday, February 25th. The shares were sold at an average price of $138.74, for a total value of $1,939,446.46. Following the sale, the insider now directly owns 367,835 shares in the company, valued at approximately $51,033,427.90. The disclosure for this sale can be found here. In the last three months, insiders sold 273,535 shares of company stock worth $37,545,818. Company insiders own 4.00% of the company’s stock.

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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.

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

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