Should You Sell Monolithic Power Systems (MPWR) Stock Now?
Scout Investments, an affiliate of Carillon Tower Advisers, an investment management company, released its “Carillon Scout Mid Cap Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. The fund underperformed in the quarter relative to its benchmark Russell Midcap Index. Inflation and the Fed’s actions impacted the fund’s performance in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Carillon Tower Advisers highlighted stocks like Monolithic Power Systems, Inc. (NASDAQ:MPWR) in its Q3 2022 investor letter. Headquartered in Kirkland, Washington, Monolithic Power Systems, Inc. (NASDAQ:MPWR) engages in the business of semiconductor-based power electronics solutions. On December 30, 2022, Monolithic Power Systems, Inc. (NASDAQ:MPWR) stock closed at $353.61 per share. One-month return of Monolithic Power Systems, Inc. (NASDAQ:MPWR) was -7.72%, and its shares lost 28.32% of their value over the last 52 weeks. Monolithic Power Systems, Inc. (NASDAQ:MPWR) has a market capitalization of $16.599 billion.
Carillon Tower Advisers made the following comment about Monolithic Power Systems, Inc. (NASDAQ:MPWR) in its Q3 2022 investor letter:
“Fabless semiconductor company Monolithic Power Systems, Inc. (NASDAQ:MPWR) brought up the rear as angst about the semiconductor cycle, Fed interest rate hikes, and tensions in Asia surrounding Taiwan hurt sentiment. The attendant worries overwhelmed the positive sentiment generated after the company reported a strong quarter.”
Photo by Slejven Djurakovic on Unsplash
Monolithic Power Systems, Inc. (NASDAQ:MPWR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 43 hedge fund portfolios held Monolithic Power Systems, Inc. (NASDAQ:MPWR) at the end of the third quarter which was 36 in the previous quarter.
We discussed Monolithic Power Systems, Inc. (NASDAQ:MPWR) in another article and shared TimesSquare Capital's views on the company. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
