Oppenheimer Asset Management Inc. Has $3.41 Million Position in Monolithic Power Systems, Inc. (MPWR)

Oppenheimer Asset Management Inc. increased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,127 shares of the semiconductor company’s stock after acquiring an additional 681 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.06% of Monolithic Power Systems worth $3,406,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MPWR. UBS Group AG increased its stake in Monolithic Power Systems by 114.8% during the 1st quarter. UBS Group AG now owns 29,044 shares of the semiconductor company’s stock valued at $3,362,000 after buying an additional 15,521 shares during the period. Legal & General Group Plc increased its stake in Monolithic Power Systems by 17.8% during the 1st quarter. Legal & General Group Plc now owns 42,166 shares of the semiconductor company’s stock valued at $4,881,000 after buying an additional 6,358 shares during the period. Royal Bank of Canada increased its stake in Monolithic Power Systems by 40.6% during the 1st quarter. Royal Bank of Canada now owns 127,164 shares of the semiconductor company’s stock valued at $14,722,000 after buying an additional 36,729 shares during the period. Xact Kapitalforvaltning AB increased its stake in Monolithic Power Systems by 35.5% during the 1st quarter. Xact Kapitalforvaltning AB now owns 5,344 shares of the semiconductor company’s stock valued at $619,000 after buying an additional 1,400 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Monolithic Power Systems by 3.9% during the 1st quarter. Principal Financial Group Inc. now owns 168,265 shares of the semiconductor company’s stock valued at $19,480,000 after buying an additional 6,251 shares during the period. 93.61% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on MPWR. Cowen lowered their target price on shares of Monolithic Power Systems from $180.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, October 26th. KeyCorp lowered their target price on shares of Monolithic Power Systems from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 16th. BidaskClub raised shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Zacks Investment Research cut shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Finally, ValuEngine cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Saturday, October 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $151.00.

Shares of MPWR opened at $115.30 on Wednesday. The company has a market capitalization of $4.76 billion, a PE ratio of 62.32, a price-to-earnings-growth ratio of 1.83 and a beta of 1.53. Monolithic Power Systems, Inc. has a 12-month low of $101.99 and a 12-month high of $152.21.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were paid a $0.30 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.20 annualized dividend and a dividend yield of 1.04%. Monolithic Power Systems’s dividend payout ratio is currently 64.86%.

In other news, CEO Michael Hsing sold 15,572 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $135.65, for a total value of $2,112,341.80. Following the transaction, the chief executive officer now owns 1,138,632 shares of the company’s stock, valued at approximately $154,455,430.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Deming Xiao sold 3,019 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $135.45, for a total transaction of $408,923.55. Following the completion of the transaction, the insider now directly owns 326,720 shares in the company, valued at approximately $44,254,224. The disclosure for this sale can be found here. Insiders sold a total of 175,217 shares of company stock worth $24,308,269 in the last ninety days. Corporate insiders own 4.00% of the company’s stock.

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.

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

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