Municipal Employees Retirement System of Michigan Grows Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Municipal Employees Retirement System of Michigan lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.1% in the second quarter, HoldingsChannel reports. The firm owned 7,300 shares of the semiconductor company’s stock after buying an additional 80 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Monolithic Power Systems were worth $991,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MPWR. Ceredex Value Advisors LLC acquired a new position in shares of Monolithic Power Systems in the first quarter valued at approximately $23,972,000. Victory Capital Management Inc. grew its holdings in shares of Monolithic Power Systems by 44.7% in the first quarter. Victory Capital Management Inc. now owns 552,674 shares of the semiconductor company’s stock valued at $74,882,000 after purchasing an additional 170,806 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Monolithic Power Systems by 161.2% in the first quarter. First Trust Advisors LP now owns 206,772 shares of the semiconductor company’s stock valued at $28,016,000 after purchasing an additional 127,604 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Monolithic Power Systems by 13.9% in the first quarter. JPMorgan Chase & Co. now owns 885,079 shares of the semiconductor company’s stock valued at $119,919,000 after purchasing an additional 107,870 shares in the last quarter. Finally, Clearbridge Investments LLC grew its holdings in shares of Monolithic Power Systems by 11.3% in the first quarter. Clearbridge Investments LLC now owns 874,866 shares of the semiconductor company’s stock valued at $118,536,000 after purchasing an additional 88,756 shares in the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

MPWR has been the subject of a number of research reports. Zacks Investment Research cut shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Needham & Company LLC cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. BidaskClub upgraded shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, July 26th. Loop Capital initiated coverage on shares of Monolithic Power Systems in a report on Tuesday, June 18th. They set a “buy” rating and a $144.00 price target for the company. Finally, ValuEngine upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Monolithic Power Systems has a consensus rating of “Buy” and an average target price of $147.14.



NASDAQ MPWR opened at $143.99 on Thursday. Monolithic Power Systems, Inc. has a 52 week low of $101.99 and a 52 week high of $161.50. The firm has a market cap of $6.29 billion, a PE ratio of 60.25, a PEG ratio of 2.31 and a beta of 1.68. The business’s 50 day moving average price is $143.85.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.15). Monolithic Power Systems had a return on equity of 16.60% and a net margin of 17.51%. The firm had revenue of $151.00 million for the quarter, compared to analyst estimates of $150.56 million. During the same quarter last year, the firm earned $0.90 EPS. The company’s revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 2.52 EPS for the current year.

In other news, CFO Theodore Blegen sold 905 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.56, for a total transaction of $126,301.80. Following the completion of the sale, the chief financial officer now owns 92,790 shares in the company, valued at approximately $12,949,772.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeff Zhou sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $147.00, for a total transaction of $147,000.00. Following the sale, the director now owns 20,491 shares of the company’s stock, valued at approximately $3,012,177. The disclosure for this sale can be found here. Insiders have sold a total of 187,342 shares of company stock valued at $25,959,834 in the last 90 days. Insiders own 3.00% of the company’s stock.

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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