American Century Companies Inc. reduced its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,157 shares of the semiconductor company’s stock after selling 11,727 shares during the period. American Century Companies Inc. owned 0.21% of Monolithic Power Systems worth $9,287,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Sawtooth Solutions LLC lifted its holdings in Monolithic Power Systems by 0.9% in the second quarter. Sawtooth Solutions LLC now owns 2,519 shares of the semiconductor company’s stock valued at $243,000 after acquiring an additional 23 shares during the last quarter. First National Bank of Hutchinson lifted its holdings in Monolithic Power Systems by 0.8% in the second quarter. First National Bank of Hutchinson now owns 4,744 shares of the semiconductor company’s stock valued at $498,000 after acquiring an additional 36 shares during the last quarter. Hanseatic Management Services Inc. lifted its holdings in Monolithic Power Systems by 1.2% in the second quarter. Hanseatic Management Services Inc. now owns 3,740 shares of the semiconductor company’s stock valued at $361,000 after acquiring an additional 45 shares during the last quarter. Renaissance Group LLC lifted its holdings in Monolithic Power Systems by 1.2% in the second quarter. Renaissance Group LLC now owns 4,152 shares of the semiconductor company’s stock valued at $400,000 after acquiring an additional 49 shares during the last quarter. Finally, Bellwether Investment Group LLC lifted its holdings in Monolithic Power Systems by 1.9% in the second quarter. Bellwether Investment Group LLC now owns 3,204 shares of the semiconductor company’s stock valued at $309,000 after acquiring an additional 59 shares during the last quarter. Institutional investors own 92.45% of the company’s stock.

MPWR has been the topic of a number of recent analyst reports. Oppenheimer Holdings, Inc. upped their price objective on Monolithic Power Systems from $100.00 to $110.00 in a report on Monday, July 24th. Stifel Nicolaus restated a “buy” rating and set a $117.00 price target (up from $110.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Needham & Company LLC restated a “buy” rating and set a $140.00 price target (up from $100.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Zacks Investment Research cut Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub cut Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $126.00.

TRADEMARK VIOLATION WARNING: This report was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://www.dailypolitical.com/2017/11/20/american-century-companies-inc-cuts-holdings-in-monolithic-power-systems-inc-mpwr.html.

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) opened at $122.62 on Monday. The stock has a market capitalization of $5,090.80, a price-to-earnings ratio of 74.32, a PEG ratio of 3.79 and a beta of 1.28. Monolithic Power Systems, Inc. has a 52 week low of $75.08 and a 52 week high of $125.75.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, October 26th. The semiconductor company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.82 by $0.02. The firm 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 revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 earnings per share. research analysts expect that Monolithic Power Systems, Inc. will post 1.8 EPS for the current fiscal year.

In other Monolithic Power Systems news, insider Deming Xiao sold 6,004 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $123.06, for a total transaction of $738,852.24. Following the transaction, the insider now owns 280,865 shares of the company’s stock, valued at $34,563,246.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Saria Tseng sold 4,996 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $96.50, for a total value of $482,114.00. Following the transaction, the vice president now directly owns 282,327 shares in the company, valued at approximately $27,244,555.50. The disclosure for this sale can be found here. Insiders sold 89,803 shares of company stock worth $10,281,353 in the last three months. 4.00% of the stock is currently owned by corporate insiders.

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 & 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 companies with MarketBeat.com's FREE daily email newsletter.