Voya Investment Management LLC lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 236,966 shares of the semiconductor company’s stock after selling 20,737 shares during the period. Voya Investment Management LLC owned approximately 0.57% of Monolithic Power Systems worth $22,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. AGF Investments America Inc. boosted its position in shares of Monolithic Power Systems by 23.9% during the second quarter. AGF Investments America Inc. now owns 53,083 shares of the semiconductor company’s stock worth $5,117,000 after purchasing an additional 10,229 shares in the last quarter. Pembroke Management LTD acquired a new position in shares of Monolithic Power Systems in the 2nd quarter valued at $8,945,000. Vanguard Group Inc. increased its position in shares of Monolithic Power Systems by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 3,032,784 shares of the semiconductor company’s stock valued at $279,320,000 after buying an additional 155,052 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Monolithic Power Systems by 20.4% in the 1st quarter. TIAA CREF Investment Management LLC now owns 186,658 shares of the semiconductor company’s stock valued at $17,191,000 after buying an additional 31,660 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Monolithic Power Systems by 6.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 156,150 shares of the semiconductor company’s stock valued at $14,382,000 after buying an additional 9,984 shares in the last quarter. Hedge funds and other institutional investors own 93.19% of the company’s stock.

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Shares of Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at 106.55 on Monday. Monolithic Power Systems, Inc. has a 1-year low of $75.04 and a 1-year high of $107.87. The firm has a 50 day moving average price of $101.27 and a 200 day moving average price of $97.05. The firm has a market cap of $4.41 billion, a P/E ratio of 75.14 and a beta of 1.26.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 EPS for the quarter, beating 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 company had revenue of $112.20 million during the quarter, compared to the consensus estimate of $110.94 million. During the same period last year, the business posted $0.54 EPS. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. Analysts anticipate that Monolithic Power Systems, Inc. will post $2.87 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors 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 0.75%. The ex-dividend date of this dividend is Thursday, September 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 56.74%.

MPWR has been the topic of several research analyst reports. Pacific Crest reaffirmed an “overweight” rating and set a $110.00 price objective on shares of Monolithic Power Systems in a research note on Wednesday, June 21st. Zacks Investment Research lowered Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. BidaskClub cut Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Oppenheimer Holdings, Inc. boosted their target price on Monolithic Power Systems from $100.00 to $110.00 in a research note on Monday, July 24th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $117.00 price target (up from $110.00) on shares of Monolithic Power Systems in a report on Thursday, July 27th. 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 stock. Monolithic Power Systems has a consensus rating of “Buy” and a consensus price target of $112.63.

In related news, VP Saria Tseng sold 5,606 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $101.94, for a total value of $571,475.64. Following the transaction, the vice president now directly owns 285,136 shares in the company, valued at approximately $29,066,763.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Maurice Sciammas sold 1,693 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $104.09, for a total value of $176,224.37. Following the completion of the transaction, the vice president now owns 367,695 shares in the company, valued at $38,273,372.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 112,819 shares of company stock worth $11,472,966. 4.00% of the stock is owned by company 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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