Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) in the fourth quarter, HoldingsChannel reports. The firm acquired 1,416 shares of the semiconductor company’s stock, valued at approximately $1,283,000. Monolithic Power Systems accounts for approximately 2.0% of Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.’s holdings, making the stock its 10th biggest position.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPWR. Penserra Capital Management LLC grew its holdings in shares of Monolithic Power Systems by 88.9% during the 3rd quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company’s stock worth $2,016,000 after purchasing an additional 1,031 shares during the period. AE Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems during the 3rd quarter worth about $1,121,000. Candriam S.C.A. grew its holdings in shares of Monolithic Power Systems by 6.9% during the 3rd quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company’s stock worth $79,089,000 after purchasing an additional 5,561 shares during the period. Vanguard Group Inc. grew its holdings in shares of Monolithic Power Systems by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after purchasing an additional 134,087 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of Monolithic Power Systems by 66.4% during the 3rd quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock worth $412,263,000 after purchasing an additional 178,622 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Insider Transactions at Monolithic Power Systems
In other Monolithic Power Systems news, Director Jeff Zhou sold 1,014 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $1,587.06, for a total value of $1,609,278.84. Following the completion of the transaction, the director owned 4,786 shares in the company, valued at $7,595,669.16. This represents a 17.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the completion of the transaction, the executive vice president owned 166,644 shares of the company’s stock, valued at approximately $260,197,941.60. This represents a 6.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 105,478 shares of company stock worth $147,969,440 over the last 90 days. 3.40% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on Monolithic Power Systems
Monolithic Power Systems Stock Up 0.8%
NASDAQ MPWR opened at $1,633.17 on Friday. The stock has a market cap of $80.24 billion, a PE ratio of 117.75, a P/E/G ratio of 2.90 and a beta of 1.74. Monolithic Power Systems, Inc. has a fifty-two week low of $643.36 and a fifty-two week high of $1,714.09. The business has a 50 day moving average price of $1,401.70 and a two-hundred day moving average price of $1,158.93.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The firm had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.Monolithic Power Systems’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.04 EPS. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.
About Monolithic Power Systems
Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.
MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.
Read More
- Five stocks we like better than Monolithic Power Systems
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
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 – Free Report).
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.
