Pier Capital LLC lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 23.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,375 shares of the semiconductor company’s stock after selling 19,078 shares during the quarter. Pier Capital LLC owned approximately 0.15% of Monolithic Power Systems worth $5,917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MPWR. TrimTabs Asset Management LLC purchased a new stake in Monolithic Power Systems in the first quarter valued at approximately $128,000. Whittier Trust Co. of Nevada Inc. lifted its stake in 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 valued at $150,000 after buying an additional 832 shares during the last quarter. Segantii Capital Management Ltd purchased a new stake in Monolithic Power Systems in the first quarter valued at approximately $157,000. Fortaleza Asset Management Inc. lifted its stake in Monolithic Power Systems by 50.2% in the second quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock valued at $185,000 after buying an additional 640 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in Monolithic Power Systems in the first quarter valued at approximately $202,000. Institutional investors own 93.37% of the company’s stock.

Several research firms have recently commented on MPWR. BidaskClub cut Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Stifel Nicolaus restated a “buy” rating and set a $117.00 price target on shares of Monolithic Power Systems in a research note on Sunday. 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. Pacific Crest restated an “overweight” rating and set a $110.00 price target on shares of Monolithic Power Systems in a research note on Wednesday, June 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $140.00 price target (up previously from $100.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $112.63.

In related news, VP Saria Tseng sold 4,996 shares of Monolithic Power Systems stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $96.50, for a total value of $482,114.00. Following the transaction, the vice president now directly owns 282,327 shares in the company, valued at approximately $27,244,555.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Hsing sold 19,766 shares of Monolithic Power Systems stock in a transaction on Monday, August 7th. The stock was sold at an average price of $101.96, for a total value of $2,015,341.36. Following the completion of the transaction, the chief executive officer now owns 1,174,800 shares in the company, valued at $119,782,608. The disclosure for this sale can be found here. Insiders sold a total of 115,271 shares of company stock worth $11,566,906 in the last three months. Company insiders own 4.00% of the company’s stock.

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Monolithic Power Systems, Inc. (NASDAQ MPWR) traded up 1.37% during midday trading on Monday, hitting $102.71. The stock had a trading volume of 259,061 shares. The firm has a market cap of $4.25 billion, a PE ratio of 72.43 and a beta of 1.22. The stock has a 50-day moving average price of $101.29 and a 200 day moving average price of $95.68. Monolithic Power Systems, Inc. has a one year low of $71.60 and a one year high of $107.87.

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

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.

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

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