Waratah Capital Advisors Ltd. Purchases Shares of 33,423 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Waratah Capital Advisors Ltd. acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 3rd quarter, Holdings Channel reports. The firm acquired 33,423 shares of the semiconductor company’s stock, valued at approximately $5,202,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC raised its holdings in shares of Monolithic Power Systems by 0.5% in the 2nd quarter. LPL Financial LLC now owns 13,232 shares of the semiconductor company’s stock worth $1,797,000 after acquiring an additional 68 shares during the last quarter. Renaissance Group LLC lifted its stake in Monolithic Power Systems by 1.8% during the 3rd quarter. Renaissance Group LLC now owns 3,932 shares of the semiconductor company’s stock valued at $612,000 after acquiring an additional 69 shares in the last quarter. LS Investment Advisors LLC lifted its stake in Monolithic Power Systems by 3.9% during the 3rd quarter. LS Investment Advisors LLC now owns 2,025 shares of the semiconductor company’s stock valued at $315,000 after acquiring an additional 76 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in Monolithic Power Systems by 1.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,300 shares of the semiconductor company’s stock valued at $991,000 after acquiring an additional 80 shares in the last quarter. Finally, Oakbrook Investments LLC boosted its holdings in Monolithic Power Systems by 2.0% during the 3rd quarter. Oakbrook Investments LLC now owns 5,025 shares of the semiconductor company’s stock worth $782,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Shares of MPWR stock traded down $2.94 during trading on Tuesday, hitting $155.06. The company’s stock had a trading volume of 1,863 shares, compared to its average volume of 257,319. The company has a market cap of $6.98 billion, a PE ratio of 65.13, a P/E/G ratio of 2.82 and a beta of 1.60. The business has a fifty day moving average of $155.48 and a 200-day moving average of $145.16. Monolithic Power Systems, Inc. has a 52 week low of $106.50 and a 52 week high of $166.24.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.02. Monolithic Power Systems had a return on equity of 15.23% and a net margin of 16.93%. The business had revenue of $168.80 million for the quarter, compared to analyst estimates of $165.00 million. During the same period last year, the company posted $1.06 earnings per share. Monolithic Power Systems’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts expect that Monolithic Power Systems, Inc. will post 2.28 EPS for the current fiscal year.

In related news, VP Saria Tseng sold 5,494 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $162.14, for a total value of $890,797.16. Also, CEO Michael Hsing sold 10,960 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $155.61, for a total value of $1,705,485.60. Following the completion of the transaction, the chief executive officer now owns 1,049,696 shares in the company, valued at approximately $163,343,194.56. The disclosure for this sale can be found here. Insiders sold a total of 197,887 shares of company stock valued at $30,977,182 in the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Several brokerages have recently commented on MPWR. Loop Capital set a $180.00 target price on shares of Monolithic Power Systems and gave the company a “buy” rating in a report on Friday, September 27th. Stifel Nicolaus raised their price target on shares of Monolithic Power Systems from $172.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. ValuEngine cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BidaskClub downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $153.20.

Monolithic Power Systems Company Profile

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.

Read More: SEC Filing

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

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