Janus Henderson Group PLC Has $35.48 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Janus Henderson Group PLC decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 261,320 shares of the semiconductor company’s stock after selling 1,625 shares during the quarter. Janus Henderson Group PLC’s holdings in Monolithic Power Systems were worth $35,482,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Monolithic Power Systems by 1.7% in the first quarter. BlackRock Inc. now owns 4,237,893 shares of the semiconductor company’s stock valued at $574,193,000 after purchasing an additional 69,101 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Monolithic Power Systems by 6.6% in the second quarter. Wells Fargo & Company MN now owns 1,384,712 shares of the semiconductor company’s stock valued at $188,016,000 after purchasing an additional 86,100 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Monolithic Power Systems by 9.9% in the second quarter. JPMorgan Chase & Co. now owns 972,454 shares of the semiconductor company’s stock valued at $129,160,000 after purchasing an additional 87,375 shares during the last quarter. Clearbridge Investments LLC grew its position in shares of Monolithic Power Systems by 11.3% in the first quarter. Clearbridge Investments LLC now owns 874,866 shares of the semiconductor company’s stock valued at $118,536,000 after purchasing an additional 88,756 shares during the last quarter. Finally, Frontier Capital Management Co. LLC grew its position in shares of Monolithic Power Systems by 3.5% in the first quarter. Frontier Capital Management Co. LLC now owns 845,142 shares of the semiconductor company’s stock valued at $114,508,000 after purchasing an additional 28,958 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

Shares of MPWR stock traded down $0.06 during trading on Friday, hitting $156.01. The company had a trading volume of 2,425 shares, compared to its average volume of 221,370. The firm has a market capitalization of $6.47 billion, a P/E ratio of 65.54, a price-to-earnings-growth ratio of 2.38 and a beta of 1.63. The stock’s 50-day moving average price is $149.16 and its 200 day moving average price is $139.85. Monolithic Power Systems, Inc. has a one year low of $101.99 and a one year high of $161.50.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.15). The company had revenue of $151.00 million during the quarter, compared to the consensus estimate of $150.56 million. Monolithic Power Systems had a net margin of 17.51% and a return on equity of 16.60%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 earnings per share. On average, analysts predict that Monolithic Power Systems, Inc. will post 2.52 EPS for the current year.

In other Monolithic Power Systems news, insider Deming Xiao sold 4,305 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.56, for a total transaction of $600,805.80. Following the completion of the sale, the insider now directly owns 359,151 shares in the company, valued at $50,123,113.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Moyer sold 20,000 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.53, for a total value of $2,870,600.00. Following the sale, the director now owns 467,260 shares of the company’s stock, valued at $67,065,827.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 181,530 shares of company stock valued at $25,948,899. 3.00% of the stock is currently owned by corporate insiders.

Several equities analysts have recently commented on the company. ValuEngine raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. BidaskClub upgraded Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 26th. Finally, Loop Capital began coverage on Monolithic Power Systems in a research note on Tuesday, June 18th. They issued a “buy” rating and a $144.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Monolithic Power Systems presently has an average rating of “Buy” and an average target price of $147.14.

About Monolithic Power Systems

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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