Nicholas Investment Partners LP grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,465 shares of the semiconductor company’s stock after buying an additional 76 shares during the quarter. Nicholas Investment Partners LP owned about 0.13% of Monolithic Power Systems worth $5,251,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Strs Ohio raised its holdings in Monolithic Power Systems by 10.2% during the first quarter. Strs Ohio now owns 5,400 shares of the semiconductor company’s stock worth $497,000 after purchasing an additional 500 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in Monolithic Power Systems by 4.1% during the first quarter. Great West Life Assurance Co. Can now owns 22,066 shares of the semiconductor company’s stock worth $2,031,000 after purchasing an additional 877 shares during the last quarter. Comerica Bank raised its holdings in Monolithic Power Systems by 5.5% during the first quarter. Comerica Bank now owns 30,341 shares of the semiconductor company’s stock worth $2,866,000 after purchasing an additional 1,572 shares during the last quarter. LS Investment Advisors LLC raised its holdings in Monolithic Power Systems by 29.2% during the first quarter. LS Investment Advisors LLC now owns 3,297 shares of the semiconductor company’s stock worth $304,000 after purchasing an additional 746 shares during the last quarter. Finally, Swiss National Bank raised its holdings in Monolithic Power Systems by 0.8% during the first quarter. Swiss National Bank now owns 63,800 shares of the semiconductor company’s stock worth $5,876,000 after purchasing an additional 500 shares during the last quarter. 93.19% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the company. BidaskClub raised Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Oppenheimer Holdings, Inc. set a $120.00 price objective on Monolithic Power Systems and gave the stock a “buy” rating in a report on Wednesday, July 26th. Pacific Crest reaffirmed an “overweight” rating and set a $110.00 price objective on shares of Monolithic Power Systems in a report on Wednesday, June 21st. Needham & Company LLC reaffirmed 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. Finally, Zacks Investment Research cut Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $112.63.

Monolithic Power Systems, Inc. (NASDAQ MPWR) traded down 0.13% during trading on Tuesday, hitting $104.04. The stock had a trading volume of 50,280 shares. The stock has a market cap of $4.31 billion, a PE ratio of 73.37 and a beta of 1.22. Monolithic Power Systems, Inc. has a 1-year low of $75.04 and a 1-year high of $107.87. The firm’s 50-day moving average price is $101.24 and its 200-day moving average price is $96.94.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share (EPS) 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 analyst estimates of $110.94 million. Monolithic Power Systems had a return on equity of 14.10% and a net margin of 14.30%. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post $2.87 earnings per share for the current fiscal year.

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

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In other news, CFO Theodore Blegen sold 4,604 shares of the stock in a transaction on Monday, June 26th. The stock was sold at an average price of $99.00, for a total transaction of $455,796.00. Following the completion of the sale, the chief financial officer now owns 42,530 shares in the company, valued at approximately $4,210,470. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James C. Moyer sold 15,000 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $105.20, for a total value of $1,578,000.00. Following the sale, the director now owns 761,201 shares of the company’s stock, valued at approximately $80,078,345.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 117,730 shares of company stock valued at $11,943,358. 4.00% of the stock is currently owned by corporate insiders.

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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