JPMorgan Chase & Co. grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 9.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 349,139 shares of the semiconductor company’s stock after acquiring an additional 28,997 shares during the period. JPMorgan Chase & Co. owned about 0.84% of Monolithic Power Systems worth $37,159,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Frontier Capital Management Co. LLC lifted its stake in shares of Monolithic Power Systems by 98.6% in the second quarter. Frontier Capital Management Co. LLC now owns 1,162,553 shares of the semiconductor company’s stock valued at $112,070,000 after purchasing an additional 577,248 shares during the period. Franklin Resources Inc. lifted its stake in shares of Monolithic Power Systems by 166.3% in the second quarter. Franklin Resources Inc. now owns 799,631 shares of the semiconductor company’s stock valued at $77,086,000 after purchasing an additional 499,387 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Monolithic Power Systems by 259.3% in the second quarter. Goldman Sachs Group Inc. now owns 376,246 shares of the semiconductor company’s stock valued at $36,270,000 after purchasing an additional 271,527 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Monolithic Power Systems by 32.4% in the second quarter. Alliancebernstein L.P. now owns 506,976 shares of the semiconductor company’s stock valued at $48,872,000 after purchasing an additional 123,977 shares during the period. Finally, Emerald Advisers Inc. PA acquired a new stake in shares of Monolithic Power Systems in the third quarter valued at about $12,559,000. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems, Inc. (MPWR) opened at $112.79 on Monday. The stock has a market cap of $4,682.70, a PE ratio of 68.36, a price-to-earnings-growth ratio of 3.49 and a beta of 1.26. Monolithic Power Systems, Inc. has a 52-week low of $78.62 and a 52-week high of $126.80.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. The company had revenue of $128.90 million during the quarter, compared to analysts’ expectations of $126.11 million. Monolithic Power Systems had a net margin of 15.66% and a return on equity of 15.40%. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 earnings per share. research analysts forecast that Monolithic Power Systems, Inc. will post 1.8 earnings per share for the current fiscal year.

Several brokerages recently commented on MPWR. Stifel Nicolaus raised their price objective on shares of Monolithic Power Systems from $126.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $140.00 price objective for the company in a research note on Thursday, November 2nd. Oppenheimer raised their price objective on shares of Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. KeyCorp reiterated a “buy” rating and issued a $125.00 price objective on shares of Monolithic Power Systems in a research note on Friday, October 27th. Finally, Deutsche Bank raised their price objective on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $129.25.

In other Monolithic Power Systems news, CFO Theodore Blegen sold 459 shares of Monolithic Power Systems stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $117.91, for a total transaction of $54,120.69. Following the completion of the transaction, the chief financial officer now owns 40,336 shares in the company, valued at $4,756,017.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Maurice Sciammas sold 1,693 shares of Monolithic Power Systems stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $104.09, for a total transaction of $176,224.37. Following the transaction, the vice president now owns 367,695 shares of the company’s stock, valued at approximately $38,273,372.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,994 shares of company stock valued at $11,490,773. 4.00% of the stock is currently owned by company insiders.

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Monolithic Power Systems Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

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

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