US Bancorp DE Sells 887 Shares of Monolithic Power Systems, Inc. (MPWR)

US Bancorp DE decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,475 shares of the semiconductor company’s stock after selling 887 shares during the quarter. US Bancorp DE’s holdings in Monolithic Power Systems were worth $4,202,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Millennium Management LLC acquired a new stake in Monolithic Power Systems in the 2nd quarter worth approximately $39,941,000. Ardevora Asset Management LLP lifted its holdings in Monolithic Power Systems by 142,011.2% in the 2nd quarter. Ardevora Asset Management LLP now owns 252,958 shares of the semiconductor company’s stock worth $33,813,000 after purchasing an additional 252,780 shares during the last quarter. First Trust Advisors LP lifted its holdings in Monolithic Power Systems by 693.5% in the 3rd quarter. First Trust Advisors LP now owns 275,712 shares of the semiconductor company’s stock worth $34,610,000 after purchasing an additional 240,965 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Monolithic Power Systems by 1,062.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 226,626 shares of the semiconductor company’s stock worth $3,806,000 after purchasing an additional 207,129 shares during the last quarter. Finally, Paloma Partners Management Co lifted its holdings in Monolithic Power Systems by 3,955.9% in the 2nd quarter. Paloma Partners Management Co now owns 126,099 shares of the semiconductor company’s stock worth $16,856,000 after purchasing an additional 122,990 shares during the last quarter. 93.42% of the stock is owned by institutional investors and hedge funds.

Shares of MPWR stock opened at $119.32 on Tuesday. Monolithic Power Systems, Inc. has a 12 month low of $101.99 and a 12 month high of $152.21. The company has a market cap of $5.29 billion, a PE ratio of 64.50, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49.

Several equities research analysts recently weighed in on the company. Cowen reduced their target price on Monolithic Power Systems from $180.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, October 26th. KeyCorp cut their price target on Monolithic Power Systems from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, October 16th. BidaskClub upgraded Monolithic Power Systems from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. Zacks Investment Research lowered Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Finally, ValuEngine lowered Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday, October 6th. One investment 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. The company has an average rating of “Buy” and an average price target of $151.00.

In related news, insider Deming Xiao sold 4,819 shares of the company’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $121.73, for a total value of $586,616.87. Following the completion of the transaction, the insider now directly owns 318,312 shares in the company, valued at $38,748,119.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 181 shares of the company’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $139.96, for a total value of $25,332.76. Following the completion of the transaction, the chief financial officer now owns 56,125 shares of the company’s stock, valued at $7,855,255. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 123,722 shares of company stock valued at $16,767,673. Corporate insiders own 4.00% of the company’s stock.

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Monolithic Power Systems 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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