Riverhead Capital Management LLC grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 18.0% in the second quarter, Holdings Channel reports. The fund owned 5,826 shares of the semiconductor company’s stock after acquiring an additional 889 shares during the quarter. Riverhead Capital Management LLC’s holdings in Monolithic Power Systems were worth $791,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. LPL Financial LLC increased its holdings in Monolithic Power Systems by 0.5% in the 2nd quarter. LPL Financial LLC now owns 13,232 shares of the semiconductor company’s stock worth $1,797,000 after purchasing an additional 68 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in Monolithic Power Systems by 1.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,300 shares of the semiconductor company’s stock valued at $991,000 after purchasing an additional 80 shares during the last quarter. Connable Office Inc. boosted its stake in shares of Monolithic Power Systems by 3.2% during the first quarter. Connable Office Inc. now owns 2,898 shares of the semiconductor company’s stock valued at $393,000 after purchasing an additional 91 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Monolithic Power Systems by 1.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,956 shares of the semiconductor company’s stock valued at $942,000 after purchasing an additional 109 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Monolithic Power Systems by 1.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,573 shares of the semiconductor company’s stock valued at $1,300,000 after purchasing an additional 114 shares in the last quarter. Institutional investors own 97.97% of the company’s stock.

In other news, VP Maurice Sciammas sold 2,722 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $128.63, for a total transaction of $350,130.86. Following the completion of the sale, the vice president now directly owns 398,497 shares in the company, valued at $51,258,669.11. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Theodore Blegen sold 905 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.56, for a total transaction of $126,301.80. Following the sale, the chief financial officer now owns 92,790 shares of the company’s stock, valued at $12,949,772.40. The disclosure for this sale can be found here. Insiders sold a total of 205,455 shares of company stock worth $29,811,526 in the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Shares of Monolithic Power Systems stock traded up $3.65 during midday trading on Wednesday, reaching $156.56. The company had a trading volume of 3,322 shares, compared to its average volume of 220,685. The stock has a fifty day moving average price of $150.14 and a 200 day moving average price of $140.31. The firm has a market cap of $6.65 billion, a PE ratio of 65.59, a P/E/G ratio of 2.44 and a beta of 1.63. Monolithic Power Systems, Inc. has a fifty-two week low of $101.99 and a fifty-two week high of $161.50.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.15). The firm had revenue of $151.00 million for the quarter, compared to analyst estimates of $150.56 million. Monolithic Power Systems had a net margin of 17.51% and a return on equity of 16.60%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 EPS. Research analysts forecast that Monolithic Power Systems, Inc. will post 2.52 earnings per share for the current fiscal year.

Several research firms have recently issued reports on MPWR. ValuEngine raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Loop Capital assumed coverage on shares of Monolithic Power Systems in a report on Tuesday, June 18th. They set a “buy” rating and a $144.00 target price on the stock. BidaskClub upgraded shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus raised their price target on shares of Monolithic Power Systems from $172.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $150.63.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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

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