SG Americas Securities LLC reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 27.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,287 shares of the semiconductor company’s stock after selling 1,999 shares during the period. SG Americas Securities LLC’s holdings in Monolithic Power Systems were worth $707,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in MPWR. Robecosam AG grew its position in shares of Monolithic Power Systems by 460.0% during the 1st quarter. Robecosam AG now owns 560,000 shares of the semiconductor company’s stock valued at $64,831,000 after acquiring an additional 460,000 shares during the period. BlackRock Inc. lifted its stake in shares of Monolithic Power Systems by 10.8% during the 1st quarter. BlackRock Inc. now owns 4,657,674 shares of the semiconductor company’s stock valued at $539,220,000 after buying an additional 452,686 shares in the last quarter. Ardevora Asset Management LLP lifted its stake in shares of Monolithic Power Systems by 142,011.2% during the 2nd quarter. Ardevora Asset Management LLP now owns 252,958 shares of the semiconductor company’s stock valued at $33,813,000 after buying an additional 252,780 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of Monolithic Power Systems during the 1st quarter valued at approximately $18,694,000. Finally, Redwood Investments LLC purchased a new stake in shares of Monolithic Power Systems during the 1st quarter valued at approximately $18,092,000. 93.67% of the stock is owned by hedge funds and other institutional investors.

In other Monolithic Power Systems news, CEO Michael Hsing sold 20,000 shares of the stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $132.97, for a total value of $2,659,400.00. Following the sale, the chief executive officer now directly owns 1,148,575 shares in the company, valued at approximately $152,726,017.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James C. Moyer sold 15,000 shares of the stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $146.27, for a total transaction of $2,194,050.00. Following the completion of the sale, the director now owns 626,815 shares in the company, valued at $91,684,230.05. The disclosure for this sale can be found here. Insiders sold a total of 178,259 shares of company stock worth $25,151,897 over the last quarter. Corporate insiders own 4.00% of the company’s stock.

Shares of MPWR stock opened at $141.37 on Thursday. The company has a market cap of $6.18 billion, a P/E ratio of 66.98, a price-to-earnings-growth ratio of 2.38 and a beta of 1.47. Monolithic Power Systems, Inc. has a 12 month low of $100.26 and a 12 month high of $152.21.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, July 25th. The semiconductor company reported $0.90 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.90. The company had revenue of $139.76 million for the quarter, compared to analysts’ expectations of $139.45 million. Monolithic Power Systems had a net margin of 15.51% and a return on equity of 17.84%. Monolithic Power Systems’s revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. research analysts predict that Monolithic Power Systems, Inc. will post 2.45 earnings per share for the current fiscal year.

A number of analysts recently commented on MPWR shares. BidaskClub cut shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Oppenheimer upped their price target on shares of Monolithic Power Systems from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, June 11th. Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $147.00 to $155.00 and gave the company a “$141.80” rating in a research note on Thursday, July 19th. Deutsche Bank upped their price target on shares of Monolithic Power Systems from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, June 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $150.00 price target on shares of Monolithic Power Systems in a research note on Friday, June 8th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $150.56.

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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