Monolithic Power Systems, Inc. (MPWR) Shares Sold by Schwab Charles Investment Management Inc.

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Schwab Charles Investment Management Inc. trimmed its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 20.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 208,119 shares of the semiconductor company’s stock after selling 53,537 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.49% of Monolithic Power Systems worth $27,820,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Engineers Gate Manager LP purchased a new stake in shares of Monolithic Power Systems during the second quarter valued at approximately $201,000. Eagle Boston Investment Management Inc. purchased a new stake in shares of Monolithic Power Systems during the second quarter valued at approximately $216,000. Signition LP purchased a new stake in shares of Monolithic Power Systems during the second quarter valued at approximately $222,000. Triangle Securities Wealth Management purchased a new stake in shares of Monolithic Power Systems during the second quarter valued at approximately $224,000. Finally, D.A. Davidson & CO. purchased a new stake in shares of Monolithic Power Systems during the second quarter valued at approximately $226,000. 93.67% of the stock is owned by institutional investors.

In other news, insider Deming Xiao sold 3,334 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $150.00, for a total value of $500,100.00. Following the completion of the transaction, the insider now directly owns 305,171 shares of the company’s stock, valued at $45,775,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Saria Tseng sold 5,795 shares of the firm’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $143.81, for a total value of $833,378.95. Following the completion of the transaction, the vice president now directly owns 290,205 shares of the company’s stock, valued at $41,734,381.05. The disclosure for this sale can be found here. Insiders sold 127,927 shares of company stock valued at $17,663,428 over the last three months. Company insiders own 4.00% of the company’s stock.

NASDAQ:MPWR opened at $151.38 on Wednesday. Monolithic Power Systems, Inc. has a 1 year low of $100.26 and a 1 year high of $151.74. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 81.83, a PEG ratio of 2.44 and a beta of 1.47.

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 the Zacks’ consensus estimate of $0.90. Monolithic Power Systems had a return on equity of 17.84% and a net margin of 15.51%. The business had revenue of $139.76 million during the quarter, compared to the consensus estimate of $139.45 million. During the same period last year, the business posted $0.68 earnings per share. The business’s revenue for the quarter was up 24.6% on a year-over-year basis. equities analysts predict that Monolithic Power Systems, Inc. will post 2.45 EPS for the current fiscal year.

MPWR has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price target on Monolithic Power Systems from $147.00 to $155.00 and gave the company a “$141.80” rating in a research report on Thursday, July 19th. Oppenheimer increased their price target on Monolithic Power Systems from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, June 11th. Cowen initiated coverage on Monolithic Power Systems in a research report on Thursday, May 17th. They set an “outperform” rating and a $150.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price target on shares of Monolithic Power Systems in a research report on Friday, June 8th. Finally, William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Tuesday, May 8th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Monolithic Power Systems presently has an average rating of “Buy” and an average target price of $150.56.

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

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