WINTON GROUP Ltd Reduces Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

WINTON GROUP Ltd cut its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 44.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,021 shares of the semiconductor company’s stock after selling 2,372 shares during the period. WINTON GROUP Ltd’s holdings in Monolithic Power Systems were worth $1,128,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Jupiter Asset Management Ltd. purchased a new position in shares of Monolithic Power Systems during the 2nd quarter worth about $1,557,000. Frontier Capital Management Co. LLC boosted its stake in shares of Monolithic Power Systems by 16.4% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 41,563 shares of the semiconductor company’s stock worth $15,522,000 after purchasing an additional 5,858 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of Monolithic Power Systems by 42.9% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 643 shares of the semiconductor company’s stock worth $240,000 after purchasing an additional 193 shares during the period. TimesSquare Capital Management LLC boosted its stake in shares of Monolithic Power Systems by 14.9% during the 2nd quarter. TimesSquare Capital Management LLC now owns 258,825 shares of the semiconductor company’s stock worth $96,658,000 after purchasing an additional 33,525 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Monolithic Power Systems by 13.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 7,970 shares of the semiconductor company’s stock worth $2,976,000 after purchasing an additional 939 shares during the period. 93.74% of the stock is owned by hedge funds and other institutional investors.

MPWR has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating and set a $472.00 price target for the company. in a research note on Monday, August 2nd. Stifel Nicolaus lifted their price objective on shares of Monolithic Power Systems from $460.00 to $552.00 and gave the company a “buy” rating in a report on Tuesday, August 31st. Raymond James lifted their price objective on shares of Monolithic Power Systems from $420.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, July 28th. Needham & Company LLC lifted their price objective on shares of Monolithic Power Systems from $415.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, July 28th. Finally, Oppenheimer lifted their price objective on shares of Monolithic Power Systems from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday, July 28th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $474.89.

In other news, Director Jeff Zhou sold 1,500 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, June 28th. The shares were sold at an average price of $369.27, for a total value of $553,905.00. Following the transaction, the director now owns 10,509 shares of the company’s stock, valued at approximately $3,880,658.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Theodore Blegen sold 1,897 shares of the business’s stock in a transaction that occurred on Monday, June 21st. The stock was sold at an average price of $353.17, for a total transaction of $669,963.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,901 shares of company stock valued at $32,613,305. Company insiders own 2.00% of the company’s stock.

NASDAQ:MPWR opened at $495.46 on Wednesday. Monolithic Power Systems, Inc. has a one year low of $244.03 and a one year high of $505.82. The firm has a market cap of $22.75 billion, a P/E ratio of 118.25, a P/E/G ratio of 4.12 and a beta of 0.92. The firm has a 50-day simple moving average of $447.67 and a 200-day simple moving average of $384.56.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Tuesday, July 27th. The semiconductor company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.12 by $0.69. Monolithic Power Systems had a net margin of 19.13% and a return on equity of 19.63%. The business had revenue of $293.30 million during the quarter, compared to analyst estimates of $281.24 million. During the same quarter in the previous year, the business posted $1.08 EPS. The company’s quarterly revenue was up 57.5% compared to the same quarter last year. Sell-side analysts expect that Monolithic Power Systems, Inc. will post 4.79 EPS for the current fiscal year.

About Monolithic Power Systems

Monolithic Power Systems, Inc is a semiconductor company, which engages in designing, developing, and marketing analog solutions for computing and storage, automotive, industrial, communications, and consumer markets. Its products include power modules, class-d audio, ultrasound mux, automotive, LED lighting and illumination, precision analog, and motor drivers.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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