Foundry Partners LLC cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,947 shares of the semiconductor company’s stock after selling 2,435 shares during the period. Foundry Partners LLC’s holdings in Monolithic Power Systems were worth $3,562,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Monolithic Power Systems by 25,140.6% in the first quarter. BlackRock Inc. now owns 4,186,655 shares of the semiconductor company’s stock valued at $385,591,000 after buying an additional 4,170,068 shares in the last quarter. Vanguard Group Inc. increased its position in Monolithic Power Systems by 5.4% in the first quarter. Vanguard Group Inc. now owns 3,032,784 shares of the semiconductor company’s stock valued at $279,320,000 after buying an additional 155,052 shares in the last quarter. State Street Corp increased its position in Monolithic Power Systems by 4.2% in the first quarter. State Street Corp now owns 1,314,548 shares of the semiconductor company’s stock valued at $121,061,000 after buying an additional 52,796 shares in the last quarter. Clearbridge Investments LLC increased its position in Monolithic Power Systems by 1.4% in the first quarter. Clearbridge Investments LLC now owns 819,191 shares of the semiconductor company’s stock valued at $75,447,000 after buying an additional 11,034 shares in the last quarter. Finally, Congress Asset Management Co. MA increased its position in Monolithic Power Systems by 7.3% in the second quarter. Congress Asset Management Co. MA now owns 771,319 shares of the semiconductor company’s stock valued at $74,355,000 after buying an additional 52,269 shares in the last quarter. Hedge funds and other institutional investors own 93.36% of the company’s stock.

Shares of Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at 101.78 on Wednesday. Monolithic Power Systems, Inc. has a 52-week low of $71.60 and a 52-week high of $107.87. The firm’s 50-day moving average price is $100.91 and its 200 day moving average price is $94.81. The company has a market capitalization of $4.21 billion, a PE ratio of 71.78 and a beta of 1.23.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $112.20 million for the quarter, compared to analyst estimates of $110.94 million. During the same period in the prior year, the company posted $0.54 EPS. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post $2.87 earnings per share for the current year.

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Several research analysts have recently commented on MPWR shares. Pacific Crest reiterated an “overweight” rating and issued a $110.00 price objective on shares of Monolithic Power Systems in a report on Wednesday, June 21st. Needham & Company LLC restated a “buy” rating and set a $140.00 price target (up previously from $100.00) on shares of Monolithic Power Systems in a report on Thursday, July 27th. Zacks Investment Research upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a report on Tuesday, May 2nd. BidaskClub upgraded Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Finally, Deutsche Bank AG restated a “buy” rating and set a $97.00 price target (up previously from $95.00) on shares of Monolithic Power Systems in a report on Friday, April 28th. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $112.29.

In other news, VP Saria Tseng sold 4,996 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $95.37, for a total transaction of $476,468.52. Following the transaction, the vice president now directly owns 287,759 shares of the company’s stock, valued at $27,443,575.83. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Hsing sold 19,766 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 1,174,800 shares in the company, valued at $119,782,608. The disclosure for this sale can be found here. Insiders sold a total of 101,758 shares of company stock worth $10,139,007 over the last three months. 4.00% of the stock is currently owned by corporate 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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