Monolithic Power Systems, Inc. (MPWR) Stake Cut by State of Wisconsin Investment Board

State of Wisconsin Investment Board cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 14.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 253,000 shares of the semiconductor company’s stock after selling 42,000 shares during the period. State of Wisconsin Investment Board owned approximately 0.61% of Monolithic Power Systems worth $24,389,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MPWR. TrimTabs Asset Management LLC purchased a new stake in Monolithic Power Systems during the first quarter valued at about $128,000. Whittier Trust Co. of Nevada Inc. boosted its stake in 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 valued at $150,000 after buying an additional 832 shares in the last quarter. Segantii Capital Management Ltd purchased a new stake in Monolithic Power Systems during the first quarter valued at about $157,000. Oppenheimer & Co. Inc. purchased a new stake in Monolithic Power Systems during the first quarter valued at about $202,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Monolithic Power Systems during the first quarter valued at about $211,000. Institutional investors and hedge funds own 93.36% of the company’s stock.

Monolithic Power Systems, Inc. (MPWR) opened at 97.58 on Friday. Monolithic Power Systems, Inc. has a one year low of $71.60 and a one year high of $107.87. The stock has a 50 day moving average of $101.00 and a 200-day moving average of $94.88. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 68.82 and a beta of 1.23.

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

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Several research firms have issued reports on MPWR. BidaskClub cut shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price (up from $94.00) on shares of Monolithic Power Systems in a research note on Thursday, April 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $117.00 target price (up from $110.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. set a $120.00 target price on shares of Monolithic Power Systems and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Finally, Zacks Investment Research cut shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Monolithic Power Systems presently has an average rating of “Buy” and a consensus price target of $112.29.

In other news, Director James C. Moyer sold 12,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $103.12, for a total value of $1,237,440.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Saria Tseng sold 4,996 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $95.37, for a total transaction of $476,468.52. Following the completion of the transaction, the vice president now directly owns 287,759 shares in the company, valued at approximately $27,443,575.83. The disclosure for this sale can be found here. Insiders sold 115,113 shares of company stock worth $11,545,454 in the last three months. Insiders own 4.00% of the company’s stock.

About Monolithic Power Systems

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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