Profund Advisors LLC lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 25.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,794 shares of the semiconductor company’s stock after selling 1,660 shares during the quarter. Profund Advisors LLC’s holdings in Monolithic Power Systems were worth $462,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in 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 during the last quarter. Segantii Capital Management Ltd purchased a new stake in shares of Monolithic Power Systems in the 1st quarter worth about $157,000. Fortaleza Asset Management Inc. boosted its position in shares of Monolithic Power Systems by 50.2% in 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. Oppenheimer & Co. Inc. purchased a new stake in shares of Monolithic Power Systems in the 1st quarter worth about $202,000. Finally, Riverhead Capital Management LLC boosted its position in shares of Monolithic Power Systems by 74.8% in 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. Institutional investors and hedge funds own 93.19% of the company’s stock.

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) opened at 106.55 on Monday. Monolithic Power Systems, Inc. has a 52-week low of $75.04 and a 52-week high of $107.87. The stock has a market cap of $4.41 billion, a PE ratio of 75.14 and a beta of 1.26. The company’s 50-day moving average price is $101.27 and its 200-day moving average price is $97.05.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, September 28th. Monolithic Power Systems’s dividend payout ratio is presently 56.74%.

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In related news, CFO Theodore Blegen sold 459 shares of Monolithic Power Systems stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $101.42, for a total value of $46,551.78. Following the transaction, the chief financial officer now owns 41,445 shares of the company’s stock, valued at approximately $4,203,351.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Hsing sold 19,766 shares of Monolithic Power Systems stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $101.96, for a total value of $2,015,341.36. Following the completion of the transaction, the chief executive officer now directly owns 1,174,800 shares in the company, valued at approximately $119,782,608. The disclosure for this sale can be found here. Over the last three months, insiders have sold 112,819 shares of company stock valued at $11,472,966. Corporate insiders own 4.00% of the company’s stock.

A number of equities research analysts recently commented on MPWR shares. Zacks Investment Research cut shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Pacific Crest restated an “overweight” rating and set a $110.00 target price on shares of Monolithic Power Systems in a research report on Wednesday, June 21st. KeyCorp restated a “buy” rating and set a $115.00 target price on shares of Monolithic Power Systems in a research report on Friday, September 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $117.00 price target on shares of Monolithic Power Systems in a report on Sunday, September 3rd. Finally, BidaskClub downgraded shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Two investment analysts have rated the stock with a hold rating, seven have assigned 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 $112.63.

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.

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

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