Zacks Investment Management lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 10.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,268 shares of the semiconductor company’s stock after acquiring an additional 1,120 shares during the period. Zacks Investment Management’s holdings in Monolithic Power Systems were worth $1,183,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Sawtooth Solutions LLC increased its position in Monolithic Power Systems by 0.9% during the second quarter. Sawtooth Solutions LLC now owns 2,519 shares of the semiconductor company’s stock worth $243,000 after acquiring an additional 23 shares during the period. PNC Financial Services Group Inc. raised its stake in Monolithic Power Systems by 0.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,054 shares of the semiconductor company’s stock valued at $742,000 after purchasing an additional 34 shares during the last quarter. First National Bank of Hutchinson raised its stake in Monolithic Power Systems by 0.8% during the 2nd quarter. First National Bank of Hutchinson now owns 4,744 shares of the semiconductor company’s stock valued at $498,000 after purchasing an additional 36 shares during the last quarter. Miles Capital Inc. raised its stake in Monolithic Power Systems by 1.7% during the 1st quarter. Miles Capital Inc. now owns 2,704 shares of the semiconductor company’s stock valued at $249,000 after purchasing an additional 45 shares during the last quarter. Finally, Hanseatic Management Services Inc. raised its stake in Monolithic Power Systems by 1.2% during the 2nd quarter. Hanseatic Management Services Inc. now owns 3,740 shares of the semiconductor company’s stock valued at $361,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 93.19% of the company’s stock.

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Several research firms have recently issued reports on MPWR. BidaskClub upgraded shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Oppenheimer Holdings, Inc. set a $120.00 target price on shares of Monolithic Power Systems and gave the company a “buy” rating in a research note on Wednesday, July 26th. 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. Needham & Company LLC reiterated a “buy” rating and issued a $140.00 target price (up previously from $100.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Finally, Zacks Investment Research raised Monolithic Power Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Monolithic Power Systems has an average rating of “Buy” and an average price target of $112.63.

In other Monolithic Power Systems news, Director James C. Moyer sold 15,000 shares of the business’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $97.65, for a total value of $1,464,750.00. Following the completion of the sale, the director now owns 790,758 shares of the company’s stock, valued at approximately $77,217,518.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 462 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $102.60, for a total transaction of $47,401.20. Following the completion of the sale, the chief financial officer now directly owns 42,353 shares of the company’s stock, valued at approximately $4,345,417.80. The disclosure for this sale can be found here. In the last three months, insiders sold 112,819 shares of company stock valued at $11,472,966. 4.00% of the stock is currently owned by company insiders.

Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at 106.55 on Monday. Monolithic Power Systems, Inc. has a 12-month low of $75.04 and a 12-month high of $107.87. The company has a market capitalization of $4.41 billion, a P/E ratio of 75.14 and a beta of 1.26. The stock’s 50 day moving average is $101.27 and its 200-day moving average is $97.05.

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 consensus estimate of $0.67 by $0.01. The firm had revenue of $112.20 million for the quarter, compared to analysts’ expectations of $110.94 million. Monolithic Power Systems had a return on equity of 14.10% and a net margin of 14.30%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS. On average, equities analysts predict that Monolithic Power Systems, Inc. will post $2.87 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.20 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.75%. Monolithic Power Systems’s payout ratio is presently 56.74%.

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.

Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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