Renaissance Group LLC boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,152 shares of the semiconductor company’s stock after buying an additional 49 shares during the period. Renaissance Group LLC’s holdings in Monolithic Power Systems were worth $400,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the company. TrimTabs Asset Management LLC purchased a new position in shares of Monolithic Power Systems during the first quarter worth approximately $128,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Monolithic Power Systems by 115.6% in the second 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 period. Segantii Capital Management Ltd purchased a new position in shares of Monolithic Power Systems during the first quarter worth approximately $157,000. Fortaleza Asset Management Inc. increased its position in shares of Monolithic Power Systems by 50.2% in the second 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 period. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Monolithic Power Systems during the first quarter worth approximately $202,000. 93.37% of the stock is currently owned by institutional investors.

Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at 98.30 on Wednesday. Monolithic Power Systems, Inc. has a one year low of $71.60 and a one year high of $107.87. The firm has a market cap of $4.07 billion, a PE ratio of 69.32 and a beta of 1.23. The company has a 50 day moving average of $101.13 and a 200-day moving average of $95.26.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Monolithic Power Systems had a return on equity of 14.10% and a net margin of 14.30%. The firm had revenue of $112.20 million during the quarter, compared to analyst estimates of $110.94 million. During the same period in the previous year, the company earned $0.54 EPS. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post $2.87 earnings per share for the current year.

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A number of research firms have recently issued reports on MPWR. Oppenheimer Holdings, Inc. boosted their price target on shares of Monolithic Power Systems from $100.00 to $110.00 in a research note on Monday, July 24th. Needham & Company LLC reissued a “buy” rating and issued a $140.00 price target (up from $100.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Stifel Nicolaus reissued a “buy” rating and issued a $117.00 price target (up from $110.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. BidaskClub downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research note on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Monolithic Power Systems presently has an average rating of “Buy” and a consensus target price of $112.29.

In related news, CEO Michael Hsing sold 19,766 shares of the business’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 value of $2,015,341.36. Following the completion of the sale, the chief executive officer now directly owns 1,174,800 shares in the company, valued at approximately $119,782,608. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Saria Tseng sold 4,996 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $96.50, for a total value of $482,114.00. Following the completion of the sale, the vice president now owns 282,327 shares of the company’s stock, valued at $27,244,555.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 115,271 shares of company stock valued at $11,566,906. Corporate insiders own 4.00% of the company’s stock.

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.

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

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