Tyers Asset Management LLC raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 74.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,072 shares of the semiconductor company’s stock after purchasing an additional 3,872 shares during the quarter. Tyers Asset Management LLC’s holdings in Monolithic Power Systems were worth $1,232,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC raised its holdings in shares of Monolithic Power Systems by 36.4% during the second quarter. Advisory Services Network LLC now owns 431 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 115 shares during the last quarter. Arizona State Retirement System grew its position in Monolithic Power Systems by 1.4% during the 2nd quarter. Arizona State Retirement System now owns 28,750 shares of the semiconductor company’s stock worth $3,904,000 after purchasing an additional 399 shares during the period. Synovus Financial Corp grew its position in Monolithic Power Systems by 50.6% during the 1st quarter. Synovus Financial Corp now owns 7,102 shares of the semiconductor company’s stock worth $966,000 after purchasing an additional 2,387 shares during the period. Tiverton Asset Management LLC grew its position in Monolithic Power Systems by 375.8% during the 2nd quarter. Tiverton Asset Management LLC now owns 30,181 shares of the semiconductor company’s stock worth $4,098,000 after purchasing an additional 23,838 shares during the period. Finally, Navellier & Associates Inc raised its stake in shares of Monolithic Power Systems by 12.0% during the 2nd quarter. Navellier & Associates Inc now owns 5,261 shares of the semiconductor company’s stock valued at $714,000 after buying an additional 565 shares during the last quarter. Institutional investors and hedge funds own 97.97% of the company’s stock.

Shares of NASDAQ MPWR traded up $4.10 during mid-day trading on Wednesday, reaching $157.01. The company’s stock had a trading volume of 4,492 shares, compared to its average volume of 220,685. The stock has a 50-day moving average of $150.14 and a two-hundred day moving average of $140.31. The stock has a market capitalization of $6.65 billion, a P/E ratio of 65.59, a P/E/G ratio of 2.44 and a beta of 1.63. Monolithic Power Systems, Inc. has a 1-year low of $101.99 and a 1-year high of $161.50.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.15). Monolithic Power Systems had a return on equity of 16.60% and a net margin of 17.51%. The business had revenue of $151.00 million for the quarter, compared to analyst estimates of $150.56 million. During the same quarter in the previous year, the firm posted $0.90 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 2.52 EPS for the current fiscal year.

Several equities analysts have recently issued reports on MPWR shares. ValuEngine raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Loop Capital started coverage on Monolithic Power Systems in a report on Tuesday, June 18th. They set a “buy” rating and a $144.00 target price on the stock. BidaskClub upgraded Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus boosted their price target on Monolithic Power Systems from $172.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Monolithic Power Systems presently has an average rating of “Buy” and a consensus target price of $150.63.

In related news, VP Maurice Sciammas sold 2,722 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $128.63, for a total value of $350,130.86. Following the completion of the sale, the vice president now owns 398,497 shares of the company’s stock, valued at $51,258,669.11. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Theodore Blegen sold 905 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.56, for a total value of $126,301.80. Following the completion of the sale, the chief financial officer now directly owns 92,790 shares of the company’s stock, valued at approximately $12,949,772.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 205,455 shares of company stock worth $29,811,526. Insiders own 3.00% of the company’s stock.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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

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