NGAM Advisors L.P. decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 11,079 shares of the semiconductor company’s stock after selling 142 shares during the period. NGAM Advisors L.P.’s holdings in Monolithic Power Systems were worth $1,068,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC purchased a new position in Monolithic Power Systems during the first quarter worth about $128,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of 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 period. Segantii Capital Management Ltd bought a new position in shares of Monolithic Power Systems during the first quarter valued at $157,000. Oppenheimer & Co. Inc. bought a new position in shares of Monolithic Power Systems during the first quarter valued at $202,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Monolithic Power Systems during the first quarter valued at $211,000. Hedge funds and other institutional investors own 93.36% of the company’s stock.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) opened at 101.47 on Thursday. Monolithic Power Systems, Inc. has a 52 week low of $71.60 and a 52 week high of $107.87. The firm has a 50 day moving average price of $101.04 and a 200 day moving average price of $94.86. The stock has a market capitalization of $4.20 billion, a P/E ratio of 71.56 and a beta of 1.23.

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

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Several research analysts have weighed in on MPWR shares. Stifel Nicolaus lowered their target price on Monolithic Power Systems from $105.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, April 26th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price (up from $94.00) on shares of Monolithic Power Systems in a research note on Thursday, April 27th. Deutsche Bank AG reiterated a “buy” rating and issued a $97.00 target price (up from $95.00) on shares of Monolithic Power Systems in a research note on Friday, April 28th. Zacks Investment Research upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Tuesday, May 2nd. Finally, Pacific Crest reiterated an “overweight” rating and issued a $110.00 target price on shares of Monolithic Power Systems in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Monolithic Power Systems presently has an average rating of “Buy” and an average price target of $112.29.

In related news, VP Saria Tseng sold 4,996 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $95.37, for a total value of $476,468.52. Following the completion of the transaction, the vice president now directly owns 287,759 shares of the company’s stock, valued at approximately $27,443,575.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James C. Moyer sold 12,000 shares of the stock in a transaction that occurred on 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 115,113 shares of company stock valued at $11,545,454 over the last ninety days. Corporate insiders own 4.00% 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. 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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