Tiverton Asset Management LLC trimmed its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 24.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,718 shares of the semiconductor company’s stock after selling 6,082 shares during the period. Tiverton Asset Management LLC’s holdings in Monolithic Power Systems were worth $1,804,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Monolithic Power Systems by 115.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,552 shares of the semiconductor company’s stock worth $150,000 after buying an additional 832 shares in the last quarter. Segantii Capital Management Ltd purchased a new position in shares of Monolithic Power Systems during the 1st quarter worth approximately $157,000. Fortaleza Asset Management Inc. raised its stake in shares of Monolithic Power Systems by 50.2% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock worth $185,000 after buying an additional 640 shares in the last quarter. Riverhead Capital Management LLC raised its stake in shares of Monolithic Power Systems by 74.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock worth $202,000 after buying an additional 897 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. purchased a new position in shares of Monolithic Power Systems during the 2nd quarter worth approximately $203,000. 93.37% of the stock is owned by institutional investors and hedge funds.

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A number of brokerages have recently issued reports on MPWR. Zacks Investment Research raised Monolithic Power Systems from a “sell” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus reissued a “buy” rating and set a $117.00 target price on shares of Monolithic Power Systems in a research note on Sunday, September 3rd. KeyCorp reissued a “buy” rating and set a $115.00 target price on shares of Monolithic Power Systems in a research note on Friday, September 1st. BidaskClub downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $140.00 target price (up from $100.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $112.63.

Monolithic Power Systems, Inc. (MPWR) traded up 0.48% during trading on Friday, reaching $103.26. The company had a trading volume of 545,695 shares. Monolithic Power Systems, Inc. has a 52-week low of $75.04 and a 52-week high of $107.87. The firm has a market capitalization of $4.27 billion, a P/E ratio of 72.82 and a beta of 1.22. The company has a 50-day moving average of $101.19 and a 200-day moving average of $96.71.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $110.94 million. During the same quarter in the previous year, the company earned $0.54 earnings per share. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. Analysts expect that Monolithic Power Systems, Inc. will post $2.87 EPS for the current fiscal year.

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

In related news, Director James C. Moyer sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $95.41, for a total transaction of $190,820.00. Following the sale, the director now owns 805,758 shares of the company’s stock, valued at $76,877,370.78. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 sale, the chief financial officer now directly owns 42,530 shares in the company, valued at approximately $4,210,470. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,730 shares of company stock worth $11,943,358. 4.00% of the stock is owned by corporate insiders.

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.

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

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