Sei Investments Co. increased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 39.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,283 shares of the semiconductor company’s stock after purchasing an additional 6,357 shares during the period. Sei Investments Co. owned approximately 0.05% of Monolithic Power Systems worth $2,375,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MPWR. Quantbot Technologies LP bought a new position in Monolithic Power Systems in the 2nd quarter worth about $121,000. D.A. Davidson & CO. lifted its stake in Monolithic Power Systems by 13.2% during the 2nd quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock valued at $141,000 after acquiring an additional 172 shares during the period. Fortaleza Asset Management Inc. lifted its stake in Monolithic Power Systems by 50.2% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock valued at $185,000 after acquiring an additional 640 shares during the period. Riverhead Capital Management LLC lifted its stake in Monolithic Power Systems by 74.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock valued at $202,000 after acquiring an additional 897 shares during the period. Finally, Campbell Newman Asset Management Inc. bought a new position in Monolithic Power Systems during the 2nd quarter valued at about $203,000. Institutional investors own 93.87% of the company’s stock.

In other news, CEO Michael Hsing sold 19,765 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $123.06, for a total value of $2,432,280.90. Following the transaction, the chief executive officer now owns 1,125,086 shares in the company, valued at approximately $138,453,083.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 462 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $120.68, for a total transaction of $55,754.16. Following the completion of the transaction, the chief financial officer now owns 41,160 shares in the company, valued at approximately $4,967,188.80. The disclosure for this sale can be found here. Insiders sold a total of 97,535 shares of company stock worth $11,436,653 in the last quarter. Company insiders own 4.00% of the company’s stock.

Monolithic Power Systems, Inc. (MPWR) opened at $116.97 on Friday. Monolithic Power Systems, Inc. has a one year low of $75.08 and a one year high of $126.80. The firm has a market cap of $4,856.24, a P/E ratio of 70.89, a PEG ratio of 3.62 and a beta of 1.26.

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 the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Monolithic Power Systems had a net margin of 15.66% and a return on equity of 15.40%. The firm had revenue of $128.90 million for the quarter, compared to analysts’ expectations of $126.11 million. During the same quarter in the prior year, the business earned $0.66 EPS. The business’s quarterly revenue was up 21.0% on a year-over-year basis. equities analysts expect that Monolithic Power Systems, Inc. will post 1.8 earnings per share for the current year.

Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. BidaskClub cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. SunTrust Banks assumed coverage on shares of Monolithic Power Systems in a research note on Tuesday, October 10th. They set a “buy” rating and a $132.00 target price on the stock. Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $117.00 to $126.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, KeyCorp restated a “buy” rating and set a $125.00 target price on shares of Monolithic Power Systems in a research note on Friday, October 27th. 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’s stock. The stock currently has an average rating of “Buy” and an average price target of $129.25.

ILLEGAL ACTIVITY NOTICE: “Sei Investments Co. Has $2.38 Million Position in Monolithic Power Systems, Inc. (MPWR)” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/12/03/sei-investments-co-has-2-38-million-position-in-monolithic-power-systems-inc-mpwr.html.

Monolithic Power Systems Profile

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.

Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR).

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

Receive News & Stock Ratings for Monolithic Power Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems Inc. and related stocks with our FREE daily email newsletter.