Cookson Peirce & Co. Inc. lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 18.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,395 shares of the semiconductor company’s stock after buying an additional 4,680 shares during the period. Cookson Peirce & Co. Inc. owned about 0.07% of Monolithic Power Systems worth $2,930,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of Monolithic Power Systems in the 2nd quarter worth about $121,000. D.A. Davidson & CO. increased its holdings 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 worth $141,000 after buying an additional 172 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Monolithic Power Systems by 115.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,552 shares of the semiconductor company’s stock worth $150,000 after buying an additional 832 shares during the last quarter. Fortaleza Asset Management Inc. increased its holdings 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 worth $185,000 after buying an additional 640 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its holdings 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 worth $202,000 after buying an additional 897 shares during the last quarter. Hedge funds and other institutional investors own 93.19% of the company’s stock.

A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Stifel Nicolaus restated a “buy” rating and issued a $117.00 target price (up from $110.00) on shares of Monolithic Power Systems in a report on Thursday, July 27th. KeyCorp restated a “buy” rating and issued a $115.00 target price on shares of Monolithic Power Systems in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Oppenheimer Holdings, Inc. set a $120.00 target price on shares of Monolithic Power Systems and gave the stock a “buy” rating in a report on Wednesday, July 26th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $116.38.

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Monolithic Power Systems, Inc. (NASDAQ:MPWR) traded up 0.15% during trading on Monday, hitting $114.25. 34,366 shares of the company were exchanged. Monolithic Power Systems, Inc. has a 12 month low of $75.04 and a 12 month high of $114.63. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 80.57 and a beta of 1.26. The stock’s 50-day moving average is $105.04 and its 200-day moving average is $99.17.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Thursday, September 28th. Monolithic Power Systems’s payout ratio is currently 56.74%.

In related news, VP Maurice Sciammas sold 10,828 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $101.60, for a total transaction of $1,100,124.80. Following the completion of the sale, the vice president now directly owns 374,994 shares in the company, valued at $38,099,390.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael Hsing sold 19,766 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $101.96, for a total transaction of $2,015,341.36. Following the sale, the chief executive officer now owns 1,174,800 shares of the company’s stock, valued at $119,782,608. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 112,819 shares of company stock valued at $11,634,216. 4.00% of the stock is owned by company insiders.

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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