Principal Financial Group Inc. grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 175,700 shares of the semiconductor company’s stock after buying an additional 7,832 shares during the period. Principal Financial Group Inc.’s holdings in Monolithic Power Systems were worth $23,806,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Monolithic Power Systems by 1.7% during the first quarter. BlackRock Inc. now owns 4,237,893 shares of the semiconductor company’s stock worth $574,193,000 after buying an additional 69,101 shares in the last quarter. Vanguard Group Inc increased its position in Monolithic Power Systems by 6.2% during the third quarter. Vanguard Group Inc now owns 3,553,528 shares of the semiconductor company’s stock worth $446,074,000 after buying an additional 208,362 shares in the last quarter. FMR LLC increased its position in Monolithic Power Systems by 3.2% during the fourth quarter. FMR LLC now owns 1,432,704 shares of the semiconductor company’s stock worth $166,552,000 after buying an additional 44,356 shares in the last quarter. Wells Fargo & Company MN increased its position in Monolithic Power Systems by 1.9% during the first quarter. Wells Fargo & Company MN now owns 1,298,612 shares of the semiconductor company’s stock worth $175,950,000 after buying an additional 24,394 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Monolithic Power Systems by 13.9% during the first quarter. JPMorgan Chase & Co. now owns 885,079 shares of the semiconductor company’s stock worth $119,919,000 after buying an additional 107,870 shares in the last quarter. 96.00% of the stock is owned by institutional investors.
In other news, CFO Theodore Blegen sold 905 shares of Monolithic Power Systems stock in a transaction on Monday, April 1st. The stock was sold at an average price of $138.60, for a total value of $125,433.00. Following the completion of the sale, the chief financial officer now owns 84,237 shares of the company’s stock, valued at $11,675,248.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Saria Tseng sold 5,203 shares of Monolithic Power Systems stock in a transaction on Monday, June 10th. The shares were sold at an average price of $130.00, for a total value of $676,390.00. Following the completion of the transaction, the vice president now owns 306,996 shares in the company, valued at approximately $39,909,480. The disclosure for this sale can be found here. In the last ninety days, insiders sold 165,518 shares of company stock valued at $22,544,923. Company insiders own 4.00% of the company’s stock.
Shares of NASDAQ:MPWR opened at $126.41 on Friday. The firm has a market capitalization of $5.44 billion, a PE ratio of 50.16, a price-to-earnings-growth ratio of 1.93 and a beta of 1.65. Monolithic Power Systems, Inc. has a 52 week low of $101.99 and a 52 week high of $161.22.
Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.84 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.84. The business had revenue of $141.40 million during the quarter, compared to the consensus estimate of $141.11 million. Monolithic Power Systems had a return on equity of 17.99% and a net margin of 18.43%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 earnings per share. As a group, analysts expect that Monolithic Power Systems, Inc. will post 2.62 EPS for the current year.
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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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