Russell Investments Group Ltd. raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 16.3% during the second quarter, Holdings Channel reports. The institutional investor owned 111,305 shares of the semiconductor company’s stock after buying an additional 15,597 shares during the period. Russell Investments Group Ltd.’s holdings in Monolithic Power Systems were worth $10,731,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its position in shares of 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. MARSHALL WACE ASIA Ltd acquired a new position in shares of Monolithic Power Systems during the first quarter valued at approximately $22,538,000. Marshall Wace North America L.P. acquired a new position in shares of Monolithic Power Systems during the first quarter valued at approximately $22,538,000. Bank of Montreal Can boosted its position in shares of Monolithic Power Systems by 110.0% in the first quarter. Bank of Montreal Can now owns 373,545 shares of the semiconductor company’s stock valued at $34,404,000 after buying an additional 195,666 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of 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. 93.36% of the stock is currently owned by institutional investors.

Shares of Monolithic Power Systems, Inc. (NASDAQ MPWR) traded down 0.04% on Tuesday, reaching $101.73. 64,277 shares of the company were exchanged. The firm has a 50 day moving average price of $100.85 and a 200-day moving average price of $94.73. The stock has a market capitalization of $4.21 billion, a PE ratio of 71.74 and a beta of 1.23. Monolithic Power Systems, Inc. has a 12-month low of $71.60 and a 12-month high of $107.87.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. The company had revenue of $112.20 million for the quarter, compared to analysts’ expectations of $110.94 million. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. Monolithic Power Systems’s revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. On average, analysts predict that Monolithic Power Systems, Inc. will post $2.87 EPS for the current fiscal year.

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Several research analysts have recently commented on MPWR shares. Zacks Investment Research cut shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price (up from $94.00) on shares of Monolithic Power Systems in a report on Thursday, April 27th. Deutsche Bank AG reaffirmed a “buy” rating and set a $97.00 target price (up from $95.00) on shares of Monolithic Power Systems in a report on Friday, April 28th. Pacific Crest reaffirmed an “overweight” rating and set a $110.00 target price on shares of Monolithic Power Systems in a report on Wednesday, June 21st. Finally, Stifel Nicolaus lowered their target price on shares of Monolithic Power Systems from $105.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $112.29.

In related news, VP Saria Tseng sold 4,996 shares of the company’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 sale, the vice president now owns 287,759 shares of the company’s stock, valued at approximately $27,443,575.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Deming Xiao sold 6,004 shares of the company’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 $612,167.84. Following the sale, the insider now directly owns 284,102 shares in the company, valued at approximately $28,967,039.92. The disclosure for this sale can be found here. Insiders have sold a total of 101,758 shares of company stock worth $10,139,007 in the last ninety days. 4.00% of the stock is currently owned by 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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