2,636 Shares in Monolithic Power Systems, Inc. (MPWR) Acquired by Trexquant Investment LP

Share on StockTwits

Trexquant Investment LP purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,636 shares of the semiconductor company’s stock, valued at approximately $331,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in Monolithic Power Systems by 10.8% during the third quarter. BlackRock Inc. now owns 4,198,262 shares of the semiconductor company’s stock worth $527,006,000 after purchasing an additional 408,839 shares in the last quarter. Wasatch Advisors Inc. raised its holdings in Monolithic Power Systems by 13.3% during the third quarter. Wasatch Advisors Inc. now owns 1,177,500 shares of the semiconductor company’s stock worth $147,812,000 after purchasing an additional 138,539 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Monolithic Power Systems by 3.0% during the third quarter. Wells Fargo & Company MN now owns 1,123,942 shares of the semiconductor company’s stock worth $141,088,000 after purchasing an additional 33,177 shares in the last quarter. Bank of America Corp DE raised its holdings in Monolithic Power Systems by 4.1% during the second quarter. Bank of America Corp DE now owns 768,758 shares of the semiconductor company’s stock worth $102,761,000 after purchasing an additional 30,146 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Monolithic Power Systems by 31.0% during the third quarter. JPMorgan Chase & Co. now owns 746,614 shares of the semiconductor company’s stock worth $93,723,000 after purchasing an additional 176,809 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

In other Monolithic Power Systems news, CFO Theodore Blegen sold 1,088 shares of the stock in a transaction dated Monday, October 22nd. The shares were sold at an average price of $114.61, for a total value of $124,695.68. Following the completion of the transaction, the chief financial officer now directly owns 54,987 shares of the company’s stock, valued at $6,302,060.07. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael Hsing sold 35,171 shares of the stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $134.77, for a total transaction of $4,739,995.67. Following the completion of the transaction, the chief executive officer now directly owns 1,074,394 shares of the company’s stock, valued at $144,796,079.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,264 shares of company stock valued at $16,009,687. 4.00% of the stock is currently owned by corporate insiders.

Shares of Monolithic Power Systems stock opened at $121.83 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $101.99 and a 12-month high of $152.21. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 53.19, a P/E/G ratio of 2.04 and a beta of 1.51.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, October 25th. The semiconductor company reported $0.73 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.73. Monolithic Power Systems had a net margin of 16.07% and a return on equity of 18.51%. The company had revenue of $159.98 million during the quarter, compared to analysts’ expectations of $158.59 million. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 2.46 EPS for the current year.

MPWR has been the subject of several analyst reports. KeyCorp increased their price target on shares of Monolithic Power Systems from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, August 29th. BidaskClub raised shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. Cowen cut their price target on shares of Monolithic Power Systems from $180.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, October 26th. Raymond James cut shares of Monolithic Power Systems from a “strong-buy” rating to an “outperform” rating and set a $160.00 price target for the company. in a report on Tuesday, September 25th. Finally, Needham & Company LLC reissued a “buy” rating and set a $155.00 price target on shares of Monolithic Power Systems in a report on Thursday, September 13th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $151.00.

COPYRIGHT VIOLATION WARNING: “2,636 Shares in Monolithic Power Systems, Inc. (MPWR) Acquired by Trexquant Investment LP” was published by BBNS and is the sole property of of BBNS. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://baseballnewssource.com/2018/12/08/2636-shares-in-monolithic-power-systems-inc-mpwr-acquired-by-trexquant-investment-lp/3064794.html.

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: How analysts view the yield curve

Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR).

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

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.