Earnest Partners LLC cut its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 810,566 shares of the semiconductor company’s stock after selling 9,241 shares during the quarter. Monolithic Power Systems accounts for 1.0% of Earnest Partners LLC’s portfolio, making the stock its 26th biggest position. Earnest Partners LLC’s holdings in Monolithic Power Systems were worth $110,059,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of MPWR. Pearl River Capital LLC purchased a new stake in Monolithic Power Systems during the 2nd quarter valued at about $25,000. Bessemer Group Inc. bought a new position in Monolithic Power Systems during the 2nd quarter valued at approximately $33,000. Advisory Services Network LLC raised its position in Monolithic Power Systems by 36.4% during the 2nd quarter. Advisory Services Network LLC now owns 431 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 115 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in Monolithic Power Systems during the 2nd quarter valued at approximately $103,000. Finally, NN Investment Partners Holdings N.V. bought a new position in Monolithic Power Systems during the 2nd quarter valued at approximately $163,000. Institutional investors own 97.97% of the company’s stock.
In other news, insider Deming Xiao sold 4,305 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.56, for a total value of $600,805.80. Following the completion of the transaction, the insider now owns 359,151 shares of the company’s stock, valued at approximately $50,123,113.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Maurice Sciammas sold 2,722 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $128.63, for a total value of $350,130.86. Following the completion of the transaction, the vice president now directly owns 398,497 shares of the company’s stock, valued at approximately $51,258,669.11. The disclosure for this sale can be found here. Insiders sold a total of 206,454 shares of company stock valued at $29,967,949 in the last three months. Corporate insiders own 3.00% of the company’s stock.
A number of research firms have commented on MPWR. ValuEngine raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Stifel Nicolaus upped their price target on Monolithic Power Systems from $172.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday. Loop Capital began coverage on Monolithic Power Systems in a research report on Tuesday, June 18th. They set a “buy” rating and a $144.00 price target for the company. Finally, BidaskClub raised Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $150.63.
MPWR opened at $160.88 on Friday. The business has a 50 day simple moving average of $150.36 and a two-hundred day simple moving average of $140.41. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 67.31, a PEG ratio of 2.43 and a beta of 1.63. Monolithic Power Systems, Inc. has a one year low of $101.99 and a one year high of $161.84.
Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.15). The business had revenue of $151.00 million for the quarter, compared to the consensus estimate of $150.56 million. Monolithic Power Systems had a net margin of 17.51% and a return on equity of 16.60%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 EPS. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 2.52 earnings per share for the current fiscal year.
Monolithic Power Systems 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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