Zurcher Kantonalbank Zurich Cantonalbank Grows Holdings in Monolithic Power Systems, Inc. (MPWR)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 19.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,852 shares of the semiconductor company’s stock after purchasing an additional 1,442 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Monolithic Power Systems were worth $943,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AGF Investments America Inc. increased its holdings in shares of Monolithic Power Systems by 23.9% in the 2nd quarter. AGF Investments America Inc. now owns 53,083 shares of the semiconductor company’s stock valued at $5,117,000 after acquiring an additional 10,229 shares during the period. AGF Investments Inc. increased its holdings in shares of Monolithic Power Systems by 28.9% in the 2nd quarter. AGF Investments Inc. now owns 9,572 shares of the semiconductor company’s stock valued at $923,000 after acquiring an additional 2,146 shares during the period. Franklin Resources Inc. increased its holdings in shares of Monolithic Power Systems by 166.3% in the 2nd quarter. Franklin Resources Inc. now owns 799,631 shares of the semiconductor company’s stock valued at $77,086,000 after acquiring an additional 499,387 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Monolithic Power Systems by 259.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 376,246 shares of the semiconductor company’s stock valued at $36,270,000 after acquiring an additional 271,527 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of Monolithic Power Systems by 85.5% in the 2nd quarter. Janus Henderson Group PLC now owns 147,743 shares of the semiconductor company’s stock valued at $14,243,000 after acquiring an additional 68,089 shares during the period. Institutional investors own 93.87% of the company’s stock.

In other Monolithic Power Systems news, insider Deming Xiao sold 6,004 shares of Monolithic Power Systems stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $123.06, for a total transaction of $738,852.24. Following the completion of the sale, the insider now owns 280,865 shares of the company’s stock, valued at approximately $34,563,246.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Saria Tseng sold 4,998 shares of Monolithic Power Systems stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $125.62, for a total value of $627,848.76. Following the sale, the vice president now directly owns 266,726 shares of the company’s stock, valued at approximately $33,506,120.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,535 shares of company stock valued at $11,436,653. 4.00% of the stock is currently owned by insiders.

Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at $116.97 on Monday. Monolithic Power Systems, Inc. has a one year low of $75.08 and a one year high of $126.80. The firm has a market capitalization of $4,856.24, a price-to-earnings ratio of 70.89, a P/E/G ratio of 3.62 and a beta of 1.26.

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

A number of research analysts have recently issued reports on the company. BidaskClub downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. SunTrust Banks initiated coverage on Monolithic Power Systems in a research note on Tuesday, October 10th. They set a “buy” rating and a $132.00 target price on the stock. Stifel Nicolaus restated a “buy” rating and set a $117.00 target price on shares of Monolithic Power Systems in a research note on Wednesday, October 4th. KeyCorp restated a “buy” rating and set a $125.00 target price on shares of Monolithic Power Systems in a research note on Friday, October 27th. Finally, Zacks Investment Research upgraded Monolithic Power Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $129.25.

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Monolithic Power Systems Company 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.

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

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