NGAM Advisors L.P. cut its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,079 shares of the semiconductor company’s stock after selling 142 shares during the period. NGAM Advisors L.P.’s holdings in Monolithic Power Systems were worth $1,068,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. TrimTabs Asset Management LLC acquired a new stake in shares of Monolithic Power Systems during the first quarter worth $128,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Monolithic Power Systems by 115.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,552 shares of the semiconductor company’s stock worth $150,000 after buying an additional 832 shares during the last quarter. Segantii Capital Management Ltd acquired a new stake in shares of Monolithic Power Systems during the first quarter worth $157,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Monolithic Power Systems during the first quarter worth $202,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Monolithic Power Systems during the first quarter worth $211,000. Institutional investors and hedge funds own 93.36% of the company’s stock.

Shares of Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at 101.47 on Thursday. The firm has a market cap of $4.20 billion, a P/E ratio of 71.56 and a beta of 1.23. Monolithic Power Systems, Inc. has a 12-month low of $71.60 and a 12-month high of $107.87. The company’s 50 day moving average price is $101.04 and its 200-day moving average price is $94.86.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. Monolithic Power Systems had a return on equity of 14.10% and a net margin of 14.30%. The business had revenue of $112.20 million for the quarter, compared to the consensus estimate of $110.94 million. During the same quarter in the prior year, the business posted $0.54 EPS. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post $2.87 EPS for the current year.

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A number of brokerages have recently weighed in on MPWR. BidaskClub lowered Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Needham & Company LLC restated a “buy” rating and set a $100.00 price target (up previously from $94.00) on shares of Monolithic Power Systems in a research note on Thursday, April 27th. Stifel Nicolaus restated a “buy” rating and set a $117.00 price target (up previously from $110.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. set a $120.00 price target on Monolithic Power Systems and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Finally, Zacks Investment Research lowered Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Monolithic Power Systems has a consensus rating of “Buy” and an average price target of $112.29.

In related news, VP Saria Tseng sold 4,996 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $95.37, for a total transaction of $476,468.52. Following the transaction, the vice president now owns 287,759 shares in the company, valued at approximately $27,443,575.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Hsing sold 18,817 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $101.94, for a total value of $1,918,204.98. Following the transaction, the chief executive officer now owns 1,144,851 shares in the company, valued at approximately $116,706,110.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,113 shares of company stock worth $11,545,454. Company insiders own 4.00% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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