Page 7 - Michael Hsing News Today

Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 6.2% during the 2nd quarter, Holdings Channel reports. The fund owned 181,172 shares of the semiconductor company’s stock after purchasing an additional 10,611 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings […]

Mirae Asset Global Investments Co. Ltd. raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,199 shares of the semiconductor company’s stock after purchasing an additional 493 shares during the quarter. […]

Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Free Report) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 1,060,000 shares, a drop of 21.5% from the October 15th total of 1,350,000 shares. Based on an average daily trading volume, of 550,700 shares, the […]

Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Free Report) CEO Michael Hsing sold 2,790 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $490.39, for a total value of $1,368,188.10. Following the sale, the chief executive officer now directly owns 996,426 shares in […]

Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Free Report) CEO Michael Hsing sold 3,790 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $492.92, for a total transaction of $1,868,166.80. Following the transaction, the chief executive officer now directly owns 999,216 […]

New York State Common Retirement Fund cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,333 shares of the semiconductor company’s stock after selling 1,284 shares during the […]

Monolithic Power Systems (NASDAQ:MPWR – Free Report) had its target price decreased by Truist Financial from $600.00 to $483.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Truist Financial currently has a buy rating on the semiconductor company’s stock. Several other equities analysts have also issued reports on MPWR. KeyCorp lifted […]

Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 328.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,269 shares of the semiconductor company’s stock after purchasing an additional 4,040 shares during […]

Genevieve Cunningham: Welcome everyone to the MPS Third Quarter 2023 Earnings Webinar. My name is Genevieve Cunningham, and I will be the moderator for this webinar.

Power management chips maker Monolithic Power Systems (NASDAQ:MPWR) reported results in line with analysts' expectations in Q3 FY2023, with revenue down 4.15% year on year to $474.9 million. The company also expects next quarter's revenue to be around $452 million, slightly below analysts' estimates. Turning to EPS, Monolithic Power Systems made a non-GAAP profit of $3.08 per share, down from its profit of $3.53 per share in the same quarter last year.