Princeton Capital Management Inc. bought a new stake in Monolithic Power Systems Inc. (NASDAQ:MPWR) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 18,644 shares of the company’s stock, valued at approximately $1,274,000.

Several other hedge funds have also added to or reduced their stakes in MPWR. Adage Capital Partners GP L.L.C. raised its position in shares of Monolithic Power Systems by 186.5% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,283,076 shares of the company’s stock worth $81,655,000 after buying an additional 835,200 shares during the last quarter. Norges Bank purchased a new position in shares of Monolithic Power Systems during the fourth quarter worth approximately $19,578,000. Renaissance Technologies LLC raised its position in shares of Monolithic Power Systems by 57.2% in the first quarter. Renaissance Technologies LLC now owns 693,286 shares of the company’s stock worth $44,121,000 after buying an additional 252,200 shares during the last quarter. Summit Creek Advisors LLC purchased a new position in shares of Monolithic Power Systems during the second quarter worth approximately $13,447,000. Finally, Credit Agricole S A raised its position in shares of Monolithic Power Systems by 900.0% in the first quarter. Credit Agricole S A now owns 156,000 shares of the company’s stock worth $9,928,000 after buying an additional 140,400 shares during the last quarter. Hedge funds and other institutional investors own 97.94% of the company’s stock.

Shares of Monolithic Power Systems Inc. (NASDAQ:MPWR) traded up 0.45% during midday trading on Monday, hitting $75.96. The stock had a trading volume of 161,383 shares. The firm’s 50 day moving average price is $74.74 and its 200 day moving average price is $67.98. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 73.11 and a beta of 1.58. Monolithic Power Systems Inc. has a 52-week low of $47.94 and a 52-week high of $78.45.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Monday, July 25th. The company reported $0.54 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. Monolithic Power Systems had a return on equity of 12.49% and a net margin of 12.08%. The firm earned $94.10 million during the quarter, compared to analyst estimates of $93.08 million. During the same quarter in the previous year, the business earned $0.46 EPS. Monolithic Power Systems’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities research analysts expect that Monolithic Power Systems Inc. will post $2.26 earnings per share for the current year.

MPWR has been the subject of a number of research reports. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Monday, June 6th. Needham & Company LLC reissued a “buy” rating and set a $76.00 price target (up from $68.00) on shares of Monolithic Power Systems in a research note on Wednesday, July 27th. Stifel Nicolaus increased their price target on Monolithic Power Systems from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, July 14th. Zacks Investment Research lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research note on Monday, September 12th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $73.63.

In other Monolithic Power Systems news, CEO Michael Hsing sold 21,094 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $72.66, for a total transaction of $1,532,690.04. Following the completion of the sale, the chief executive officer now directly owns 1,208,497 shares in the company, valued at approximately $87,809,392.02. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Saria Tseng sold 5,653 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $75.25, for a total value of $425,388.25. Following the sale, the vice president now owns 274,112 shares of the company’s stock, valued at $20,626,928. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.

About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company provides power solutions for systems found in industrial applications, telecommunication infrastructures, cloud computing, automotive and consumer applications.

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