3 days Ago By ABMN Staff
Oppenheimer & Co. Inc. lessened its stake in Monolithic Power Systems, Inc.
( NASDAQ:MPWR – Free Report ) by 17.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,900 shares of the semiconductor company’s stock after selling 818 shares during the quarter.
Oppenheimer & Co. Inc.’s holdings in Monolithic Power Systems were worth $3,205,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Family Firm Inc. acquired a new stake in shares of Monolithic Power Systems in the 2nd quarter valued at approximately $25,000.
RiverPark Advisors LLC acquired a new stake in shares of Monolithic Power Systems in the 1st quarter valued at approximately $27,000. Atwood & Palmer Inc. acquired a new stake in Monolithic Power Systems during the 2nd quarter valued at $33,000.
Crewe Advisors LLC lifted its holdings in Monolithic Power Systems by 126.3% during the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares during the last quarter.
Finally, OFI Invest Asset Management acquired a new stake in Monolithic Power Systems during the 1st quarter valued at $31,000. Institutional investors and hedge funds own 93.46% of the company’s stock.
Analyst Upgrades and Downgrades Several brokerages have issued reports on MPWR. KeyCorp raised their price target on Monolithic Power Systems from $975.00 to $1,075.
00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Needham & Company LLC raised their price target on Monolithic Power Systems from $800.00 to $1,000.
00 and gave the company a “buy” rating in a report on Monday, August 5th. Raymond James raised their price target on Monolithic Power Systems from $770.00 to $925.
00 and gave the company an “outperform” rating in a report on Friday, August 2nd. TD Cowen raised their price target on Monolithic Power Systems from $925.00 to $1,100.
00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Rosenblatt Securities raised their price target on Monolithic Power Systems from $800.00 to $880.
00 and gave the company a “buy” rating in a report on Monday, July 29th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $912.
30. Monolithic Power Systems Stock Performance Shares of NASDAQ MPWR opened at $914.10 on Monday.
Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $959.
64. The stock has a market capitalization of $44.56 billion, a P/E ratio of 108.
95, a PEG ratio of 4.14 and a beta of 1.12.
The stock’s fifty day moving average is $858.65 and its 200 day moving average is $771.59.
Monolithic Power Systems ( NASDAQ:MPWR – Get Free Report ) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.
07 by $0.10. Monolithic Power Systems had a return on equity of 20.
24% and a net margin of 21.70%. The company had revenue of $507.
40 million for the quarter, compared to analysts’ expectations of $490.66 million. During the same quarter last year, the business earned $2.
05 earnings per share. Monolithic Power Systems’s revenue was up 15.0% on a year-over-year basis.
Equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.
Insider Buying and Selling In related news, Director Victor K. Lee sold 1,000 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $820.
46, for a total value of $820,460.00. Following the transaction, the director now owns 29,232 shares in the company, valued at $23,983,686.
72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . In related news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 3rd.
The stock was sold at an average price of $904.20, for a total value of $2,260,500.00.
Following the sale, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at $55,769,247.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link .
Also, Director Victor K. Lee sold 1,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $820.
46, for a total value of $820,460.00. Following the completion of the sale, the director now directly owns 29,232 shares in the company, valued at $23,983,686.
72. The disclosure for this sale can be found here . Over the last quarter, insiders have sold 98,299 shares of company stock worth $83,140,933.
Company insiders own 3.20% of the company’s stock. Monolithic Power Systems Company Profile ( Free Report ) Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets.
The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications. Featured Articles 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.
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