First Trust Advisors LP raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 9.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 30,541 shares of the semiconductor company’s stock after buying an additional 2,573 shares during the quarter. First Trust Advisors LP owned about 0.07% of Monolithic Power Systems worth $2,944,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. grew its stake in shares of Monolithic Power Systems by 25,140.6% during the 1st quarter. BlackRock Inc. now owns 4,186,655 shares of the semiconductor company’s stock worth $385,591,000 after purchasing an additional 4,170,068 shares during the period. Vanguard Group Inc. grew its stake in shares of Monolithic Power Systems by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 3,032,784 shares of the semiconductor company’s stock worth $279,320,000 after purchasing an additional 155,052 shares during the period. State Street Corp grew its stake in shares of Monolithic Power Systems by 4.2% during the 1st quarter. State Street Corp now owns 1,314,548 shares of the semiconductor company’s stock worth $121,061,000 after purchasing an additional 52,796 shares during the period. Clearbridge Investments LLC grew its stake in shares of Monolithic Power Systems by 1.4% during the 1st quarter. Clearbridge Investments LLC now owns 819,191 shares of the semiconductor company’s stock worth $75,447,000 after purchasing an additional 11,034 shares during the period. Finally, Congress Asset Management Co. MA grew its stake in shares of Monolithic Power Systems by 7.3% during the 2nd quarter. Congress Asset Management Co. MA now owns 771,319 shares of the semiconductor company’s stock worth $74,355,000 after purchasing an additional 52,269 shares during the period. 93.37% of the stock is currently owned by institutional investors.

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In other Monolithic Power Systems news, CFO Theodore Blegen sold 459 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $101.42, for a total transaction of $46,551.78. Following the completion of the sale, the chief financial officer now directly owns 41,445 shares in the company, valued at approximately $4,203,351.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James C. Moyer sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $103.12, for a total value of $1,237,440.00. The disclosure for this sale can be found here. Insiders have sold a total of 117,730 shares of company stock valued at $11,817,958 over the last 90 days. Corporate insiders own 4.00% of the company’s stock.

MPWR has been the topic of a number of recent analyst reports. Pacific Crest reaffirmed an “overweight” rating and set a $110.00 price target on shares of Monolithic Power Systems in a research note on Wednesday, June 21st. Zacks Investment Research lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. BidaskClub lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Oppenheimer Holdings, Inc. boosted their price objective on shares of Monolithic Power Systems from $100.00 to $110.00 in a research report on Monday, July 24th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $117.00 price objective (up from $110.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $112.63.

Monolithic Power Systems, Inc. (MPWR) opened at 102.51 on Thursday. Monolithic Power Systems, Inc. has a 12-month low of $71.60 and a 12-month high of $107.87. The firm has a 50-day moving average of $101.40 and a 200-day moving average of $96.06. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 72.29 and a beta of 1.22.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $112.20 million during the quarter, compared to analyst estimates of $110.94 million. During the same period last year, the company posted $0.54 EPS. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. Equities research analysts forecast that Monolithic Power Systems, Inc. will post $2.87 earnings per share for the current fiscal 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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