Alps Advisors Inc. Purchases New Holdings in Monolithic Power Systems, Inc. (MPWR)

Alps Advisors Inc. purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,926 shares of the semiconductor company’s stock, valued at approximately $396,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of MPWR. Meeder Asset Management Inc. increased its position in shares of Monolithic Power Systems by 81.3% during the 4th quarter. Meeder Asset Management Inc. now owns 310 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 139 shares during the last quarter. CWM LLC increased its position in shares of Monolithic Power Systems by 128.5% during the 1st quarter. CWM LLC now owns 377 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 212 shares during the last quarter. Cutler Group LP acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth about $58,000. Valeo Financial Advisors LLC increased its position in shares of Monolithic Power Systems by 553.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 516 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 437 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Monolithic Power Systems by 98.2% during the 1st quarter. Quadrant Capital Group LLC now owns 672 shares of the semiconductor company’s stock worth $86,000 after purchasing an additional 333 shares during the last quarter. Institutional investors and hedge funds own 99.20% of the company’s stock.

MPWR has been the subject of a number of recent analyst reports. BidaskClub downgraded Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Needham & Company LLC reissued a “buy” rating and set a $145.00 price objective (down from $155.00) on shares of Monolithic Power Systems in a research report on Wednesday, February 13th. ValuEngine downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Saturday. Deutsche Bank raised their price objective on Monolithic Power Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Finally, Zacks Investment Research downgraded Monolithic Power Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $148.88.

NASDAQ MPWR opened at $124.70 on Friday. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 52.18, a PEG ratio of 1.97 and a beta of 1.46. Monolithic Power Systems, Inc. has a 1-year low of $101.99 and a 1-year high of $161.22.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, May 2nd. The semiconductor company reported $0.84 earnings per share for the quarter, meeting the consensus estimate of $0.84. The company had revenue of $141.40 million during the quarter, compared to the consensus estimate of $141.11 million. Monolithic Power Systems had a return on equity of 17.99% and a net margin of 18.43%. Monolithic Power Systems’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 EPS. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 2.62 earnings per share for the current year.

In other Monolithic Power Systems news, VP Saria Tseng sold 6,495 shares of Monolithic Power Systems stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $155.33, for a total value of $1,008,868.35. Following the completion of the transaction, the vice president now directly owns 317,813 shares of the company’s stock, valued at approximately $49,365,893.29. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Hsing sold 75,241 shares of Monolithic Power Systems stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $136.26, for a total value of $10,252,338.66. Following the completion of the transaction, the chief executive officer now directly owns 1,202,378 shares of the company’s stock, valued at $163,836,026.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 282,530 shares of company stock valued at $39,078,638. 4.00% of the stock is currently owned by corporate insiders.

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Monolithic Power Systems 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.

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

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