Amalgamated Bank lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 5,330 shares of the semiconductor company’s stock after selling 12 shares during the period. Amalgamated Bank’s holdings in Monolithic Power Systems were worth $491,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in shares of Monolithic Power Systems by 68.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,900 shares of the semiconductor company’s stock valued at $236,000 after buying an additional 1,180 shares during the last quarter. Eagle Asset Management Inc. boosted its position in shares of Monolithic Power Systems by 8.1% in the first quarter. Eagle Asset Management Inc. now owns 78,090 shares of the semiconductor company’s stock valued at $7,192,000 after buying an additional 5,881 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Monolithic Power Systems by 109.7% in the fourth quarter. Teachers Advisors LLC now owns 131,225 shares of the semiconductor company’s stock valued at $10,751,000 after buying an additional 68,638 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Monolithic Power Systems by 110.0% in the first quarter. Bank of Montreal Can now owns 373,545 shares of the semiconductor company’s stock valued at $34,404,000 after buying an additional 195,666 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Monolithic Power Systems by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 323,461 shares of the semiconductor company’s stock valued at $26,502,000 after buying an additional 4,174 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) traded up 0.11% on Friday, hitting $101.55. The stock had a trading volume of 188,146 shares. Monolithic Power Systems, Inc. has a 12 month low of $70.00 and a 12 month high of $107.87. The stock has a market cap of $4.20 billion, a P/E ratio of 71.61 and a beta of 1.23. The company’s 50 day moving average is $99.72 and its 200-day moving average is $93.86.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. Monolithic Power Systems had a return on equity of 14.10% and a net margin of 14.30%. The firm had revenue of $112.20 million for the quarter, compared to the consensus estimate of $110.94 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company’s revenue was up 19.3% compared to the same quarter last year. Analysts forecast that Monolithic Power Systems, Inc. will post $2.87 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.79%. Monolithic Power Systems’s payout ratio is 56.74%.

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Several research analysts have issued reports on MPWR shares. 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. Needham & Company LLC reissued a “buy” rating and issued a $140.00 target price (up from $100.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. Stifel Nicolaus reissued a “buy” rating and issued a $117.00 target price (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 “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research report on Tuesday, May 2nd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $97.00 price objective (up from $95.00) on shares of Monolithic Power Systems in a research report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $112.29.

In other Monolithic Power Systems news, CFO Theodore Blegen sold 462 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $102.60, for a total transaction of $47,401.20. Following the transaction, the chief financial officer now owns 42,353 shares in the company, valued at $4,345,417.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Hsing sold 18,815 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $96.13, for a total value of $1,808,685.95. Following the transaction, the chief executive officer now owns 1,183,434 shares in the company, valued at approximately $113,763,510.42. The disclosure for this sale can be found here. Insiders sold 89,197 shares of company stock worth $8,748,708 in the last 90 days. Company insiders own 4.00% of the company’s stock.

Monolithic Power Systems Company Profile

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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