Robecosam AG Trims Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Robecosam AG lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 44.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 163,000 shares of the semiconductor company’s stock after selling 131,000 shares during the quarter. Robecosam AG’s holdings in Monolithic Power Systems were worth $21,650,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Municipal Employees Retirement System of Michigan lifted its position in shares of Monolithic Power Systems by 1.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,300 shares of the semiconductor company’s stock worth $991,000 after buying an additional 80 shares during the last quarter. Connable Office Inc. lifted its position in shares of Monolithic Power Systems by 3.2% during the 1st quarter. Connable Office Inc. now owns 2,898 shares of the semiconductor company’s stock worth $393,000 after buying an additional 91 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Monolithic Power Systems by 1.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,956 shares of the semiconductor company’s stock worth $942,000 after buying an additional 109 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Monolithic Power Systems by 1.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,573 shares of the semiconductor company’s stock worth $1,300,000 after buying an additional 114 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Monolithic Power Systems by 6.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,001 shares of the semiconductor company’s stock worth $271,000 after buying an additional 123 shares during the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.

MPWR has been the subject of several recent analyst reports. ValuEngine upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Loop Capital started coverage on shares of Monolithic Power Systems in a research report on Tuesday, June 18th. They issued a “buy” rating and a $144.00 price target for the company. Zacks Investment Research downgraded shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Needham & Company LLC downgraded shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, BidaskClub upgraded shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Monolithic Power Systems has an average rating of “Buy” and an average price target of $147.14.

MPWR stock traded up $5.68 on Tuesday, hitting $151.06. The company’s stock had a trading volume of 183,730 shares, compared to its average volume of 278,000. The firm’s 50 day simple moving average is $142.98. Monolithic Power Systems, Inc. has a 1 year low of $101.99 and a 1 year high of $161.50. The stock has a market capitalization of $6.45 billion, a PE ratio of 63.21, a price-to-earnings-growth ratio of 2.37 and a beta of 1.68.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.15). Monolithic Power Systems had a net margin of 17.51% and a return on equity of 16.60%. The business had revenue of $151.00 million during the quarter, compared to analysts’ expectations of $150.56 million. During the same quarter last year, the company earned $0.90 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 2.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.40 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.60 annualized dividend and a yield of 1.06%. Monolithic Power Systems’s dividend payout ratio (DPR) is 66.95%.

In related news, CFO Theodore Blegen sold 905 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $139.56, for a total value of $126,301.80. Following the completion of the sale, the chief financial officer now owns 92,790 shares in the company, valued at approximately $12,949,772.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James C. Moyer sold 10,000 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $118.31, for a total transaction of $1,183,100.00. Following the completion of the sale, the director now owns 487,260 shares of the company’s stock, valued at approximately $57,647,730.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 190,816 shares of company stock valued at $26,409,717. 3.00% of the stock is owned by insiders.

Monolithic Power Systems Company 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.

See Also: Liquidity

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

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