Aigen Investment Management LP Acquires New Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Aigen Investment Management LP acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,150 shares of the semiconductor company’s stock, valued at approximately $429,000.

Several other large investors have also made changes to their positions in MPWR. Daiwa Securities Group Inc. grew its position in Monolithic Power Systems by 83.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 3,001 shares of the semiconductor company’s stock worth $1,060,000 after purchasing an additional 1,364 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Monolithic Power Systems by 2.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 2,172 shares of the semiconductor company’s stock worth $767,000 after purchasing an additional 55 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Monolithic Power Systems by 4.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 101,674 shares of the semiconductor company’s stock worth $35,912,000 after purchasing an additional 4,437 shares during the last quarter. IFM Investors Pty Ltd grew its position in Monolithic Power Systems by 5.1% in the 1st quarter. IFM Investors Pty Ltd now owns 4,438 shares of the semiconductor company’s stock worth $1,568,000 after purchasing an additional 215 shares during the last quarter. Finally, Standard Life Aberdeen plc grew its position in Monolithic Power Systems by 875.7% in the 1st quarter. Standard Life Aberdeen plc now owns 14,869 shares of the semiconductor company’s stock worth $5,252,000 after purchasing an additional 13,345 shares during the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.

In other Monolithic Power Systems news, insider Deming Xiao sold 7,734 shares of the company’s stock in a transaction that occurred on Tuesday, July 6th. The shares were sold at an average price of $380.00, for a total value of $2,938,920.00. Following the transaction, the insider now owns 309,025 shares in the company, valued at approximately $117,429,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Theodore Blegen sold 1,897 shares of the company’s stock in a transaction that occurred on Monday, June 21st. The shares were sold at an average price of $353.17, for a total transaction of $669,963.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,901 shares of company stock valued at $32,613,305. 2.00% of the stock is owned by insiders.

Several research firms have commented on MPWR. Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $460.00 to $552.00 and gave the stock a “buy” rating in a research report on Tuesday, August 31st. Needham & Company LLC increased their price objective on shares of Monolithic Power Systems from $415.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, July 28th. Zacks Investment Research cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating and set a $472.00 price objective for the company. in a report on Monday, August 2nd. Rosenblatt Securities increased their price objective on shares of Monolithic Power Systems from $460.00 to $470.00 and gave the company a “buy” rating in a report on Wednesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Monolithic Power Systems from $445.00 to $525.00 and gave the company a “buy” rating in a report on Friday, September 10th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $474.89.

MPWR stock opened at $495.46 on Wednesday. Monolithic Power Systems, Inc. has a 12 month low of $244.03 and a 12 month high of $505.82. The firm has a market cap of $22.75 billion, a PE ratio of 118.25, a P/E/G ratio of 4.12 and a beta of 0.92. The firm has a 50 day simple moving average of $447.67 and a 200 day simple moving average of $384.56.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Tuesday, July 27th. The semiconductor company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.12 by $0.69. Monolithic Power Systems had a net margin of 19.13% and a return on equity of 19.63%. The business had revenue of $293.30 million during the quarter, compared to analyst estimates of $281.24 million. During the same period in the prior year, the business earned $1.08 earnings per share. The business’s quarterly revenue was up 57.5% on a year-over-year basis. Equities analysts forecast that Monolithic Power Systems, Inc. will post 4.79 earnings per share for the current year.

About Monolithic Power Systems

Monolithic Power Systems, Inc is a semiconductor company, which engages in designing, developing, and marketing analog solutions for computing and storage, automotive, industrial, communications, and consumer markets. Its products include power modules, class-d audio, ultrasound mux, automotive, LED lighting and illumination, precision analog, and motor drivers.

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

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