Public Employees Retirement Association of Colorado maintained its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 219,636 shares of the semiconductor company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado owned about 0.53% of Monolithic Power Systems worth $21,173,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of MPWR. TrimTabs Asset Management LLC bought a new stake in shares of Monolithic Power Systems during the first quarter valued at $128,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Monolithic Power Systems by 115.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $150,000 after buying an additional 832 shares in the last quarter. Segantii Capital Management Ltd bought a new stake in shares of Monolithic Power Systems during the first quarter valued at $157,000. Oppenheimer & Co. Inc. acquired a new position in Monolithic Power Systems during the first quarter worth approximately $202,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in Monolithic Power Systems during the first quarter worth approximately $211,000. Hedge funds and other institutional investors own 93.36% of the company’s stock.
Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at 97.61 on Friday. The company has a market capitalization of $4.04 billion, a PE ratio of 68.84 and a beta of 1.23. Monolithic Power Systems, Inc. has a one year low of $71.60 and a one year high of $107.87. The company has a 50-day moving average price of $101.01 and a 200-day moving average price of $94.94.
Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $112.20 million during the quarter, compared to analyst estimates of $110.94 million. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The company’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. Analysts expect that Monolithic Power Systems, Inc. will post $2.87 earnings per share for the current fiscal year.
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A number of research analysts have commented on the company. Stifel Nicolaus decreased their target price on Monolithic Power Systems from $105.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, April 26th. BidaskClub upgraded Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Oppenheimer Holdings, Inc. set a $120.00 price target on Monolithic Power Systems and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target (up previously from $94.00) on shares of Monolithic Power Systems in a research note on Thursday, April 27th. Finally, Pacific Crest reiterated an “overweight” rating and set a $110.00 target price on shares of Monolithic Power Systems in a research note on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $112.29.
In other news, CEO Michael Hsing sold 19,766 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $101.96, for a total value of $2,015,341.36. Following the completion of the transaction, the chief executive officer now directly owns 1,174,800 shares in the company, valued at $119,782,608. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Saria Tseng sold 4,996 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $95.37, for a total transaction of $476,468.52. Following the completion of the transaction, the vice president now owns 287,759 shares of the company’s stock, valued at $27,443,575.83. The disclosure for this sale can be found here. In the last three months, insiders sold 115,113 shares of company stock valued at $11,545,454. Company insiders own 4.00% of the company’s stock.
Monolithic Power Systems Company 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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