DekaBank Deutsche Girozentrale Decreases Holdings in Monolithic Power Systems Inc (MPWR)

DekaBank Deutsche Girozentrale reduced its holdings in shares of Monolithic Power Systems Inc (NASDAQ:MPWR) by 27.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,500 shares of the semiconductor company’s stock after selling 2,500 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Monolithic Power Systems were worth $736,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Franklin Resources Inc. grew its stake in Monolithic Power Systems by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 1,306,095 shares of the semiconductor company’s stock worth $146,759,000 after buying an additional 74,118 shares during the period. Wells Fargo & Company MN grew its stake in Monolithic Power Systems by 3.0% during the first quarter. Wells Fargo & Company MN now owns 1,116,575 shares of the semiconductor company’s stock worth $129,266,000 after buying an additional 32,860 shares during the period. Goldman Sachs Group Inc. grew its stake in Monolithic Power Systems by 103.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 836,929 shares of the semiconductor company’s stock worth $94,038,000 after buying an additional 426,360 shares during the period. Congress Asset Management Co. MA grew its stake in Monolithic Power Systems by 1.1% during the fourth quarter. Congress Asset Management Co. MA now owns 801,226 shares of the semiconductor company’s stock worth $90,026,000 after buying an additional 9,068 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Monolithic Power Systems by 3.1% during the fourth quarter. Alliancebernstein L.P. now owns 692,258 shares of the semiconductor company’s stock worth $77,782,000 after buying an additional 21,111 shares during the period. Institutional investors own 90.77% of the company’s stock.

In other Monolithic Power Systems news, CFO Theodore Blegen sold 232 shares of the stock in a transaction on Monday, April 30th. The shares were sold at an average price of $120.55, for a total transaction of $27,967.60. Following the transaction, the chief financial officer now directly owns 56,436 shares in the company, valued at approximately $6,803,359.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Hsing sold 20,000 shares of the stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $111.90, for a total transaction of $2,238,000.00. Following the transaction, the chief executive officer now owns 1,224,789 shares in the company, valued at $137,053,889.10. The disclosure for this sale can be found here. Insiders sold 212,234 shares of company stock valued at $25,203,169 over the last 90 days. Insiders own 4.00% of the company’s stock.

Shares of Monolithic Power Systems opened at $128.94 on Monday, Marketbeat Ratings reports. The firm has a market capitalization of $5.44 billion, a PE ratio of 69.70, a PEG ratio of 2.88 and a beta of 1.29. Monolithic Power Systems Inc has a twelve month low of $93.69 and a twelve month high of $130.32.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Monday, April 30th. The semiconductor company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. The business had revenue of $129.20 million during the quarter, compared to the consensus estimate of $125.18 million. Monolithic Power Systems had a net margin of 14.52% and a return on equity of 17.04%. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 earnings per share. analysts anticipate that Monolithic Power Systems Inc will post 2.48 EPS for the current fiscal year.

Several equities research analysts have issued reports on MPWR shares. BidaskClub downgraded shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Raymond James started coverage on shares of Monolithic Power Systems in a research note on Thursday, April 12th. They set a “strong-buy” rating and a $140.00 price objective for the company. Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, May 1st. KeyCorp upped their target price on shares of Monolithic Power Systems from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, May 1st. Finally, Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $137.00 to $138.00 and gave the company a “buy” rating in a research note on Tuesday, May 1st. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Monolithic Power Systems currently has an average rating of “Buy” and an average price target of $133.80.

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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