Campbell & CO Investment Adviser LLC acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 3rd quarter, Holdings Channel reports. The fund acquired 2,476 shares of the semiconductor company’s stock, valued at approximately $311,000.

Several other institutional investors have also modified their holdings of the stock. Wasatch Advisors Inc. grew its stake in shares of Monolithic Power Systems by 13.3% in the third quarter. Wasatch Advisors Inc. now owns 1,177,500 shares of the semiconductor company’s stock worth $147,812,000 after purchasing an additional 138,539 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Monolithic Power Systems by 3.0% in the third quarter. Wells Fargo & Company MN now owns 1,123,942 shares of the semiconductor company’s stock valued at $141,088,000 after buying an additional 33,177 shares during the period. Bank of America Corp DE lifted its holdings in Monolithic Power Systems by 4.1% in the second quarter. Bank of America Corp DE now owns 768,758 shares of the semiconductor company’s stock valued at $102,761,000 after buying an additional 30,146 shares during the period. JPMorgan Chase & Co. lifted its holdings in Monolithic Power Systems by 31.0% in the third quarter. JPMorgan Chase & Co. now owns 746,614 shares of the semiconductor company’s stock valued at $93,723,000 after buying an additional 176,809 shares during the period. Finally, Robecosam AG lifted its holdings in Monolithic Power Systems by 8.2% in the third quarter. Robecosam AG now owns 649,000 shares of the semiconductor company’s stock valued at $81,975,000 after buying an additional 49,000 shares during the period. 96.23% of the stock is currently owned by institutional investors.

In other news, CFO Theodore Blegen sold 1,088 shares of the company’s stock in a transaction dated Monday, October 22nd. The shares were sold at an average price of $114.61, for a total transaction of $124,695.68. Following the transaction, the chief financial officer now owns 54,987 shares in the company, valued at $6,302,060.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Hsing sold 25,332 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $150.36, for a total transaction of $3,808,919.52. Following the transaction, the chief executive officer now owns 1,090,037 shares in the company, valued at approximately $163,897,963.32. The disclosure for this sale can be found here. Insiders have sold 117,615 shares of company stock worth $15,890,679 in the last quarter. Company insiders own 4.00% of the company’s stock.

Several equities analysts recently issued reports on the stock. KeyCorp boosted their target price on shares of Monolithic Power Systems from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, August 29th. Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $150.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, July 26th. ValuEngine lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday, October 6th. BidaskClub upgraded shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, Zacks Investment Research lowered shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Monday, October 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. Monolithic Power Systems currently has a consensus rating of “Buy” and a consensus target price of $151.00.

MPWR stock opened at $120.63 on Tuesday. The firm has a market capitalization of $5.42 billion, a P/E ratio of 65.21, a PEG ratio of 2.08 and a beta of 1.49. Monolithic Power Systems, Inc. has a 12-month low of $101.99 and a 12-month high of $152.21.

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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 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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