UBS Asset Management Americas Inc. lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 430.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 118,811 shares of the semiconductor company’s stock after buying an additional 96,428 shares during the period. UBS Asset Management Americas Inc. owned about 0.29% of Monolithic Power Systems worth $11,453,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MPWR. BlackRock Inc. lifted its stake in Monolithic Power Systems by 25,140.6% during the first quarter. BlackRock Inc. now owns 4,186,655 shares of the semiconductor company’s stock worth $385,591,000 after purchasing an additional 4,170,068 shares during the period. Frontier Capital Management Co. LLC lifted its stake in Monolithic Power Systems by 98.6% during the second quarter. Frontier Capital Management Co. LLC now owns 1,162,553 shares of the semiconductor company’s stock worth $112,070,000 after purchasing an additional 577,248 shares during the period. Franklin Resources Inc. lifted its stake in Monolithic Power Systems by 166.3% during the second quarter. Franklin Resources Inc. now owns 799,631 shares of the semiconductor company’s stock worth $77,086,000 after purchasing an additional 499,387 shares during the period. Harbour Capital Advisors LLC lifted its stake in Monolithic Power Systems by 14,285.8% during the second quarter. Harbour Capital Advisors LLC now owns 467,540 shares of the semiconductor company’s stock worth $4,850,000 after purchasing an additional 464,290 shares during the period. Finally, MARSHALL WACE ASIA Ltd bought a new position in Monolithic Power Systems during the first quarter worth about $22,538,000. Institutional investors and hedge funds own 93.19% of the company’s stock.

Shares of Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at 107.72 on Thursday. Monolithic Power Systems, Inc. has a 12-month low of $75.04 and a 12-month high of $108.89. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 75.97 and a beta of 1.26. The stock’s 50 day moving average is $102.23 and its 200 day moving average is $98.16.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, September 28th. Monolithic Power Systems’s dividend payout ratio is currently 56.74%.

A number of brokerages have commented on MPWR. Stifel Nicolaus restated a “buy” rating and set a $117.00 price target on shares of Monolithic Power Systems in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and set a $140.00 price target (up previously from $100.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. set a $120.00 price target on shares of Monolithic Power Systems and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Zacks Investment Research upgraded shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, BidaskClub cut shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Monolithic Power Systems currently has a consensus rating of “Buy” and an average price target of $114.14.

In other news, CEO Michael Hsing sold 19,766 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $101.96, for a total transaction of $2,015,341.36. Following the completion of the sale, the chief executive officer now owns 1,174,800 shares of the company’s stock, valued at approximately $119,782,608. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Maurice Sciammas sold 1,693 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $104.09, for a total transaction of $176,224.37. Following the sale, the vice president now directly owns 367,695 shares of the company’s stock, valued at approximately $38,273,372.55. The disclosure for this sale can be found here. Insiders sold a total of 112,819 shares of company stock valued at $11,472,966 in the last three months. Insiders own 4.00% of the company’s stock.

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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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