D.A. Davidson & CO. bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,693 shares of the semiconductor company’s stock, valued at approximately $226,000.

A number of other large investors have also modified their holdings of MPWR. Campbell & CO Investment Adviser LLC acquired a new position in Monolithic Power Systems in the 1st quarter worth approximately $206,000. Triangle Securities Wealth Management acquired a new position in Monolithic Power Systems in the 2nd quarter worth approximately $224,000. Lido Advisors LLC acquired a new position in Monolithic Power Systems in the 1st quarter worth approximately $226,000. Claraphi Advisory Network LLC acquired a new position in Monolithic Power Systems in the 1st quarter worth approximately $234,000. Finally, GWM Advisors LLC acquired a new position in Monolithic Power Systems in the 1st quarter worth approximately $245,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

In other Monolithic Power Systems news, VP Maurice Sciammas sold 10,737 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $141.02, for a total value of $1,514,131.74. Following the completion of the sale, the vice president now owns 389,218 shares in the company, valued at approximately $54,887,522.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Hsing sold 17,634 shares of the stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $141.05, for a total transaction of $2,487,275.70. Following the completion of the sale, the chief executive officer now owns 1,115,369 shares of the company’s stock, valued at approximately $157,322,797.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 144,959 shares of company stock valued at $19,715,997. Insiders own 4.00% of the company’s stock.

MPWR stock opened at $140.72 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $95.50 and a 12-month high of $142.91. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 76.06, a P/E/G ratio of 2.27 and a beta of 1.27.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, July 25th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.90. Monolithic Power Systems had a net margin of 15.51% and a return on equity of 17.84%. The company had revenue of $139.76 million during the quarter, compared to the consensus estimate of $139.45 million. During the same quarter in the prior year, the firm earned $0.68 EPS. The company’s revenue was up 24.6% compared to the same quarter last year. equities analysts expect that Monolithic Power Systems, Inc. will post 2.45 earnings per share for the current year.

A number of research firms recently commented on MPWR. Cowen began coverage on shares of Monolithic Power Systems in a research note on Thursday, May 17th. They issued an “outperform” rating and a $150.00 price objective for the company. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Tuesday, May 8th. Needham & Company LLC raised their price objective on shares of Monolithic Power Systems from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. Stifel Nicolaus raised their price objective on shares of Monolithic Power Systems from $138.00 to $147.00 and gave the stock a “buy” rating in a research note on Friday, June 8th. Finally, Zacks Investment Research lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Friday, May 4th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $146.67.

About Monolithic Power Systems

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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