Nationwide Fund Advisors Boosts Position in Monolithic Power Systems, Inc. (MPWR)

Nationwide Fund Advisors boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 24.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 262,994 shares of the semiconductor company’s stock after buying an additional 52,088 shares during the quarter. Nationwide Fund Advisors owned approximately 0.64% of Monolithic Power Systems worth $25,353,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. TIAA CREF Investment Management LLC grew its position in Monolithic Power Systems by 0.4% during the second quarter. TIAA CREF Investment Management LLC now owns 187,428 shares of the semiconductor company’s stock valued at $18,068,000 after buying an additional 770 shares during the period. Teachers Advisors LLC lifted its holdings in Monolithic Power Systems by 2.9% during the second quarter. Teachers Advisors LLC now owns 207,845 shares of the semiconductor company’s stock valued at $20,036,000 after purchasing an additional 5,834 shares during the last quarter. FNY Partners Fund LP lifted its holdings in Monolithic Power Systems by 50.0% during the second quarter. FNY Partners Fund LP now owns 3,750 shares of the semiconductor company’s stock valued at $361,000 after purchasing an additional 1,250 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in Monolithic Power Systems by 74.8% during the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock valued at $202,000 after purchasing an additional 897 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Monolithic Power Systems by 32.4% during the second quarter. Alliancebernstein L.P. now owns 506,976 shares of the semiconductor company’s stock valued at $48,872,000 after purchasing an additional 123,977 shares during the last quarter. Institutional investors own 93.37% of the company’s stock.

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) opened at 103.26 on Friday. The stock has a 50 day moving average of $101.19 and a 200-day moving average of $96.71. The stock has a market capitalization of $4.27 billion, a P/E ratio of 72.82 and a beta of 1.22. Monolithic Power Systems, Inc. has a one year low of $75.04 and a one year high of $107.87.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. The company had revenue of $112.20 million during the quarter, compared to the consensus estimate of $110.94 million. Monolithic Power Systems had a return on equity of 14.10% and a net margin of 14.30%. The firm’s revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 EPS. Equities analysts forecast that Monolithic Power Systems, Inc. will post $2.87 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.77%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.74%.

In related news, CFO Theodore Blegen sold 4,604 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $99.00, for a total value of $455,796.00. Following the transaction, the chief financial officer now directly owns 42,530 shares of the company’s stock, valued at approximately $4,210,470. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Hsing sold 19,766 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $101.96, for a total value of $2,015,341.36. Following the completion of the transaction, the chief executive officer now directly owns 1,174,800 shares in the company, valued at $119,782,608. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,730 shares of company stock valued at $11,943,358. 4.00% of the stock is currently owned by corporate insiders.

Several equities research analysts have commented on MPWR shares. Pacific Crest reaffirmed an “overweight” rating and set a $110.00 price objective on shares of Monolithic Power Systems in a report on Wednesday, June 21st. Zacks Investment Research downgraded shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. BidaskClub downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Oppenheimer Holdings, Inc. upped their price objective on shares of Monolithic Power Systems from $100.00 to $110.00 in a report on Monday, July 24th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $117.00 price objective (up from $110.00) on shares of Monolithic Power Systems in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $112.63.

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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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