MJP Associates Inc. ADV Raises Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

MJP Associates Inc. ADV grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 18.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 503 shares of the semiconductor company’s stock after acquiring an additional 79 shares during the period. MJP Associates Inc. ADV’s holdings in Monolithic Power Systems were worth $271,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Czech National Bank lifted its holdings in Monolithic Power Systems by 1.2% in the 2nd quarter. Czech National Bank now owns 5,333 shares of the semiconductor company’s stock worth $2,881,000 after purchasing an additional 61 shares in the last quarter. Level Four Advisory Services LLC grew its stake in Monolithic Power Systems by 2.0% during the second quarter. Level Four Advisory Services LLC now owns 7,854 shares of the semiconductor company’s stock valued at $4,243,000 after acquiring an additional 152 shares in the last quarter. Telemus Capital LLC increased its holdings in Monolithic Power Systems by 45.8% in the 2nd quarter. Telemus Capital LLC now owns 875 shares of the semiconductor company’s stock valued at $473,000 after acquiring an additional 275 shares during the last quarter. AE Wealth Management LLC purchased a new position in shares of Monolithic Power Systems during the second quarter valued at about $377,000. Finally, SG Americas Securities LLC lifted its position in shares of Monolithic Power Systems by 1,385.7% in the second quarter. SG Americas Securities LLC now owns 10,935 shares of the semiconductor company’s stock worth $5,907,000 after buying an additional 10,199 shares in the last quarter. Institutional investors own 96.52% of the company’s stock.

Monolithic Power Systems Stock Performance

MPWR stock traded up $0.03 during trading on Monday, reaching $464.26. 170,413 shares of the company traded hands, compared to its average volume of 553,899. The company has a market capitalization of $22.19 billion, a price-to-earnings ratio of 49.81, a price-to-earnings-growth ratio of 2.89 and a beta of 1.13. The business has a 50 day simple moving average of $522.79 and a 200 day simple moving average of $497.02. Monolithic Power Systems, Inc. has a 12 month low of $301.69 and a 12 month high of $595.98.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Monday, July 31st. The semiconductor company reported $2.05 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.11). The firm had revenue of $441.13 million for the quarter, compared to the consensus estimate of $440.46 million. Monolithic Power Systems had a return on equity of 26.80% and a net margin of 24.50%. As a group, research analysts forecast that Monolithic Power Systems, Inc. will post 9.13 EPS for the current year.

Insider Buying and Selling

In other news, Director Kuo Wei Herbert Chang sold 500 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $500.00, for a total transaction of $250,000.00. Following the sale, the director now directly owns 1,793 shares of the company’s stock, valued at $896,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Monolithic Power Systems news, CEO Michael Hsing sold 10,960 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $537.79, for a total transaction of $5,894,178.40. Following the sale, the chief executive officer now directly owns 1,049,447 shares of the company’s stock, valued at approximately $564,382,102.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kuo Wei Herbert Chang sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $500.00, for a total value of $250,000.00. Following the completion of the transaction, the director now directly owns 1,793 shares of the company’s stock, valued at $896,500. The disclosure for this sale can be found here. Insiders have sold a total of 82,637 shares of company stock worth $44,126,502 in the last ninety days. 3.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. StockNews.com began coverage on Monolithic Power Systems in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Wells Fargo & Company upped their price target on shares of Monolithic Power Systems from $510.00 to $575.00 and gave the company an “overweight” rating in a research note on Tuesday, August 1st. Oppenheimer lifted their price objective on shares of Monolithic Power Systems from $475.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $540.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. Finally, Rosenblatt Securities lifted their price target on Monolithic Power Systems from $540.00 to $580.00 in a research report on Tuesday, August 1st. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $553.46.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.