Vanguard Group Inc. Has $300.63 Million Holdings in Monolithic Power Systems, Inc. (MPWR)

Vanguard Group Inc. raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,118,538 shares of the semiconductor company’s stock after purchasing an additional 85,754 shares during the period. Vanguard Group Inc. owned 7.54% of Monolithic Power Systems worth $300,627,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. D.A. Davidson & CO. grew its holdings in Monolithic Power Systems by 13.2% during the second quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 172 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of 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 acquiring an additional 832 shares during the period. Fortaleza Asset Management Inc. boosted its position in shares of Monolithic Power Systems by 50.2% in the second quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock valued at $185,000 after acquiring an additional 640 shares during the period. Riverhead Capital Management LLC boosted its position in shares of Monolithic Power Systems by 74.8% in the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock valued at $202,000 after acquiring an additional 897 shares during the period. Finally, Campbell Newman Asset Management Inc. bought a new stake in shares of Monolithic Power Systems in the second quarter valued at approximately $203,000. Institutional investors own 93.19% of the company’s stock.

Several research firms have recently weighed in on MPWR. SunTrust Banks, Inc. began coverage on Monolithic Power Systems in a research report on Tuesday. They issued a “buy” rating and a $132.00 price objective for the company. BidaskClub cut Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $117.00 price objective (up from $110.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. Zacks Investment Research raised Monolithic Power Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, Oppenheimer Holdings, Inc. raised their target price on Monolithic Power Systems from $100.00 to $110.00 in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $116.38.

Monolithic Power Systems, Inc. (MPWR) opened at 111.55 on Wednesday. Monolithic Power Systems, Inc. has a 1-year low of $75.04 and a 1-year high of $111.55. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 78.67 and a beta of 1.26. The firm’s 50-day moving average price is $103.50 and its 200 day moving average price is $98.70.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The firm 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 company’s revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. On average, analysts predict that Monolithic Power Systems, Inc. will post $2.87 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.72%. Monolithic Power Systems’s dividend payout ratio is currently 56.74%.

In related news, CFO Theodore Blegen sold 459 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $101.42, for a total transaction of $46,551.78. Following the completion of the sale, the chief financial officer now directly owns 41,445 shares in the company, valued at approximately $4,203,351.90. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Maurice Sciammas sold 1,693 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $104.09, for a total value of $176,224.37. Following the sale, the vice president now owns 367,695 shares of the company’s stock, valued at $38,273,372.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 112,819 shares of company stock valued at $11,634,216. 4.00% of the sto

Other hedge funds also recently made changes to their positions in the company. D.A. Davidson & CO. grew its holdings in Monolithic Power Systems by 13.2% during the second quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 172 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of 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 acquiring an additional 832 shares during the period. Fortaleza Asset Management Inc. boosted its position in shares of Monolithic Power Systems by 50.2% in the second quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock valued at $185,000 after acquiring an additional 640 shares during the period. Riverhead Capital Management LLC boosted its position in shares of Monolithic Power Systems by 74.8% in the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock valued at $202,000 after acquiring an additional 897 shares during the period. Finally, Campbell Newman Asset Management Inc. bought a new stake in shares of Monolithic Power Systems in the second quarter valued at approximately $203,000. Institutional investors own 93.19% of the company’s stock.

Several research firms have recently weighed in on MPWR. SunTrust Banks, Inc. began coverage on Monolithic Power Systems in a research report on Tuesday. They issued a “buy” rating and a $132.00 price objective for the company. BidaskClub cut Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $117.00 price objective (up from $110.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. Zacks Investment Research raised Monolithic Power Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, Oppenheimer Holdings, Inc. raised their target price on Monolithic Power Systems from $100.00 to $110.00 in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $116.38.

Monolithic Power Systems, Inc. (MPWR) opened at 111.55 on Wednesday. Monolithic Power Systems, Inc. has a 1-year low of $75.04 and a 1-year high of $111.55. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 78.67 and a beta of 1.26. The firm’s 50-day moving average price is $103.50 and its 200 day moving average price is $98.70.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The firm 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 company’s revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. On average, analysts predict that Monolithic Power Systems, Inc. will post $2.87 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.72%. Monolithic Power Systems’s dividend payout ratio is currently 56.74%.

In related news, CFO Theodore Blegen sold 459 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $101.42, for a total transaction of $46,551.78. Following the completion of the sale, the chief financial officer now directly owns 41,445 shares in the company, valued at approximately $4,203,351.90. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Maurice Sciammas sold 1,693 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $104.09, for a total value of $176,224.37. Following the sale, the vice president now owns 367,695 shares of the company’s stock, valued at $38,273,372.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 112,819 shares of company stock valued at $11,634,216. 4.00% of the stock is owned by corporate insiders.

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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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