Monolithic Power Systems, Inc. (MPWR) Shares Sold by Ardevora Asset Management LLP

Ardevora Asset Management LLP reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 364,300 shares of the semiconductor company’s stock after selling 31,100 shares during the period. Monolithic Power Systems accounts for approximately 1.2% of Ardevora Asset Management LLP’s holdings, making the stock its 19th biggest position. Ardevora Asset Management LLP owned approximately 0.88% of Monolithic Power Systems worth $38,816,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MPWR. Rhumbline Advisers lifted its stake in Monolithic Power Systems by 13.6% during the third quarter. Rhumbline Advisers now owns 94,554 shares of the semiconductor company’s stock valued at $10,075,000 after purchasing an additional 11,307 shares during the last quarter. Advisor Group Inc. lifted its stake in Monolithic Power Systems by 26.0% during the third quarter. Advisor Group Inc. now owns 4,041 shares of the semiconductor company’s stock valued at $430,000 after purchasing an additional 833 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in Monolithic Power Systems by 115.8% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 5,162 shares of the semiconductor company’s stock valued at $550,000 after purchasing an additional 2,770 shares during the last quarter. Sei Investments Co. lifted its stake in Monolithic Power Systems by 39.9% during the third quarter. Sei Investments Co. now owns 22,283 shares of the semiconductor company’s stock valued at $2,375,000 after purchasing an additional 6,357 shares during the last quarter. Finally, FDx Advisors Inc. acquired a new stake in Monolithic Power Systems during the third quarter valued at approximately $221,000. 92.85% of the stock is owned by institutional investors.

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In other Monolithic Power Systems news, insider Deming Xiao sold 6,004 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $123.06, for a total value of $738,852.24. Following the transaction, the insider now owns 280,865 shares in the company, valued at approximately $34,563,246.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Saria Tseng sold 4,996 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $96.50, for a total transaction of $482,114.00. Following the completion of the transaction, the vice president now owns 282,327 shares in the company, valued at approximately $27,244,555.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,174 shares of company stock valued at $8,048,945. 4.00% of the stock is owned by insiders.

Shares of Monolithic Power Systems, Inc. (MPWR) traded down $0.92 during trading hours on Tuesday, hitting $120.88. 356,600 shares of the company traded hands, compared to its average volume of 275,520. The stock has a market cap of $5,056.76, a P/E ratio of 73.82, a PEG ratio of 3.77 and a beta of 1.28. Monolithic Power Systems, Inc. has a fifty-two week low of $75.08 and a fifty-two week high of $125.75.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The business had revenue of $128.90 million during the quarter, compared to the consensus estimate of $126.11 million. Monolithic Power Systems had a net margin of 15.66% and a return on equity of 15.40%. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 EPS. research analysts predict that Monolithic Power Systems, Inc. will post 1.8 EPS for the current fiscal year.

MPWR has been the subject of several recent research reports. Oppenheimer Holdings, Inc. increased their target price on shares of Monolithic Power Systems from $100.00 to $110.00 in a research note on Monday, July 24th. Stifel Nicolaus reissued a “buy” rating and set a $117.00 target price (up from $110.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Needham & Company LLC reissued a “buy” rating and set a $140.00 target price (up from $100.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $126.00.

Monolithic Power Systems Profile

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

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