Shelton Capital Management Acquires New Holdings in Monolithic Power Systems, Inc. (MPWR)

Shelton Capital Management acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,786 shares of the semiconductor company’s stock, valued at approximately $269,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MPWR. BlackRock Inc. increased its holdings in Monolithic Power Systems by 25,140.6% in the first quarter. BlackRock Inc. now owns 4,186,655 shares of the semiconductor company’s stock valued at $385,591,000 after purchasing an additional 4,170,068 shares during the last quarter. Frontier Capital Management Co. LLC increased its holdings in shares of Monolithic Power Systems by 98.6% in the second quarter. Frontier Capital Management Co. LLC now owns 1,162,553 shares of the semiconductor company’s stock worth $112,070,000 after acquiring an additional 577,248 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Monolithic Power Systems by 166.3% in the second quarter. Franklin Resources Inc. now owns 799,631 shares of the semiconductor company’s stock worth $77,086,000 after acquiring an additional 499,387 shares in the last quarter. Harbour Capital Advisors LLC increased its holdings in shares of Monolithic Power Systems by 14,285.8% in the second quarter. Harbour Capital Advisors LLC now owns 467,540 shares of the semiconductor company’s stock worth $4,850,000 after acquiring an additional 464,290 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Monolithic Power Systems by 259.3% in the second quarter. Goldman Sachs Group Inc. now owns 376,246 shares of the semiconductor company’s stock worth $36,270,000 after acquiring an additional 271,527 shares in the last quarter. Institutional investors and hedge funds own 93.19% of the company’s stock.

In other news, VP Maurice Sciammas sold 1,693 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $104.09, for a total transaction of $176,224.37. Following the completion of the sale, the vice president now directly owns 367,695 shares in the company, valued at $38,273,372.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James C. Moyer sold 15,000 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $108.40, for a total transaction of $1,626,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 112,819 shares of company stock worth $11,634,216. 4.00% of the stock is owned by insiders.

A number of research firms recently issued reports on MPWR. Oppenheimer Holdings, Inc. increased their price objective on Monolithic Power Systems from $100.00 to $110.00 in a report on Monday, July 24th. Needham & Company LLC reiterated a “buy” rating and set a $140.00 price objective (up from $100.00) on shares of Monolithic Power Systems in a report on Thursday, July 27th. Stifel Nicolaus reiterated 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. BidaskClub downgraded Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, KeyCorp reiterated a “buy” rating and set a $115.00 price objective on shares of Monolithic Power Systems in a report on Friday, September 1st. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $116.38.

Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at 114.08 on Monday. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 80.45 and a beta of 1.26. Monolithic Power Systems, Inc. has a 1-year low of $75.04 and a 1-year high of $114.27. The firm’s 50-day moving average price is $105.04 and its 200-day moving average price is $99.17.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. The firm had revenue of $112.20 million for 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 business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 earnings per share. Equities research analysts forecast that Monolithic Power Systems, Inc. will post $2.87 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a $0.20 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.80 dividend on an annualized basis and a yield of 0.70%. Monolithic Power Systems’s dividend payout ratio is presently 56.74%.

TRADEMARK VIOLATION NOTICE: “Shelton Capital Management Acquires New Holdin

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MPWR. BlackRock Inc. increased its holdings in Monolithic Power Systems by 25,140.6% in the first quarter. BlackRock Inc. now owns 4,186,655 shares of the semiconductor company’s stock valued at $385,591,000 after purchasing an additional 4,170,068 shares during the last quarter. Frontier Capital Management Co. LLC increased its holdings in shares of Monolithic Power Systems by 98.6% in the second quarter. Frontier Capital Management Co. LLC now owns 1,162,553 shares of the semiconductor company’s stock worth $112,070,000 after acquiring an additional 577,248 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Monolithic Power Systems by 166.3% in the second quarter. Franklin Resources Inc. now owns 799,631 shares of the semiconductor company’s stock worth $77,086,000 after acquiring an additional 499,387 shares in the last quarter. Harbour Capital Advisors LLC increased its holdings in shares of Monolithic Power Systems by 14,285.8% in the second quarter. Harbour Capital Advisors LLC now owns 467,540 shares of the semiconductor company’s stock worth $4,850,000 after acquiring an additional 464,290 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Monolithic Power Systems by 259.3% in the second quarter. Goldman Sachs Group Inc. now owns 376,246 shares of the semiconductor company’s stock worth $36,270,000 after acquiring an additional 271,527 shares in the last quarter. Institutional investors and hedge funds own 93.19% of the company’s stock.

In other news, VP Maurice Sciammas sold 1,693 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $104.09, for a total transaction of $176,224.37. Following the completion of the sale, the vice president now directly owns 367,695 shares in the company, valued at $38,273,372.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James C. Moyer sold 15,000 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $108.40, for a total transaction of $1,626,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 112,819 shares of company stock worth $11,634,216. 4.00% of the stock is owned by insiders.

A number of research firms recently issued reports on MPWR. Oppenheimer Holdings, Inc. increased their price objective on Monolithic Power Systems from $100.00 to $110.00 in a report on Monday, July 24th. Needham & Company LLC reiterated a “buy” rating and set a $140.00 price objective (up from $100.00) on shares of Monolithic Power Systems in a report on Thursday, July 27th. Stifel Nicolaus reiterated 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. BidaskClub downgraded Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, KeyCorp reiterated a “buy” rating and set a $115.00 price objective on shares of Monolithic Power Systems in a report on Friday, September 1st. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $116.38.

Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at 114.08 on Monday. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 80.45 and a beta of 1.26. Monolithic Power Systems, Inc. has a 1-year low of $75.04 and a 1-year high of $114.27. The firm’s 50-day moving average price is $105.04 and its 200-day moving average price is $99.17.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. The firm had revenue of $112.20 million for 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 business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 earnings per share. Equities research analysts forecast that Monolithic Power Systems, Inc. will post $2.87 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a $0.20 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.80 dividend on an annualized basis and a yield of 0.70%. Monolithic Power Systems’s dividend payout ratio is presently 56.74%.

TRADEMARK VIOLATION NOTICE: “Shelton Capital Management Acquires New Holdings in Monolithic Power Systems, Inc. (MPWR)” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://ledgergazette.com/2017/10/16/shelton-capital-management-acquires-new-holdings-in-monolithic-power-systems-inc-mpwr.html.

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.

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

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