Pembroke Management LTD grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 98,000 shares of the semiconductor company’s stock after purchasing an additional 5,200 shares during the period. Pembroke Management LTD owned approximately 0.24% of Monolithic Power Systems worth $10,442,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of Monolithic Power Systems in the 2nd quarter valued at $121,000. D.A. Davidson & CO. increased its stake in shares of Monolithic Power Systems by 13.2% in the 2nd quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 172 shares during the last quarter. Fortaleza Asset Management Inc. increased its stake in shares of Monolithic Power Systems by 50.2% in the 2nd quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock valued at $185,000 after purchasing an additional 640 shares during the last quarter. Riverhead Capital Management LLC increased its stake in shares of Monolithic Power Systems by 74.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock valued at $202,000 after purchasing an additional 897 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. bought a new position in shares of Monolithic Power Systems in the 2nd quarter valued at $203,000. Institutional investors own 92.45% of the company’s stock.

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A number of equities research analysts recently weighed in on the company. Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $126.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $140.00 price objective on the stock in a research report on Thursday, November 2nd. KeyCorp restated a “buy” rating and set a $125.00 price objective on shares of Monolithic Power Systems in a research report on Friday, October 27th. Oppenheimer Holdings, Inc. boosted their price objective on Monolithic Power Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Finally, Deutsche Bank AG boosted their price objective on Monolithic Power Systems from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $129.25.

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) traded down $2.28 during mid-day trading on Thursday, reaching $124.36. The company had a trading volume of 198,900 shares, compared to its average volume of 274,645. The company has a market cap of $5,257.70, a price-to-earnings ratio of 76.75, a P/E/G ratio of 3.92 and a beta of 1.28. Monolithic Power Systems, Inc. has a twelve month low of $75.08 and a twelve month high of $126.80.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. The business had revenue of $128.90 million for the quarter, compared to analyst estimates of $126.11 million. Monolithic Power Systems had a return on equity of 15.40% and a net margin of 15.66%. Monolithic Power Systems’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. equities analysts expect that Monolithic Power Systems, Inc. will post 1.8 EPS for the current year.

In other Monolithic Power Systems news, Director James C. Moyer sold 2,000 shares of Monolithic Power Systems stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $102.25, for a total transaction of $204,500.00. Following the transaction, the director now directly owns 776,201 shares of the company’s stock, valued at approximately $79,366,552.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Theodore Blegen sold 459 shares of Monolithic Power Systems stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $101.42, for a total value of $46,551.78. Following the transaction, the chief financial officer now directly owns 41,445 shares in the company, valued at $4,203,351.90. The disclosure for this sale can be found here. Insiders have sold a total of 99,994 shares of company stock worth $11,687,704 over the last ninety days. 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.

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

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