PNC Financial Services Group Inc. reduced its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 19.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,470 shares of the semiconductor company’s stock after selling 1,584 shares during the period. PNC Financial Services Group Inc.’s holdings in Monolithic Power Systems were worth $624,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MPWR. BlackRock Inc. raised its position 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 valued at $385,591,000 after purchasing an additional 4,170,068 shares in the last quarter. Frontier Capital Management Co. LLC raised its position 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 valued at $112,070,000 after purchasing an additional 577,248 shares in the last quarter. Franklin Resources Inc. raised its position 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 valued at $77,086,000 after purchasing an additional 499,387 shares in the last quarter. Harbour Capital Advisors LLC raised its position 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 valued at $4,850,000 after purchasing an additional 464,290 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Monolithic Power Systems by 5.4% during the first quarter. Vanguard Group Inc. now owns 3,032,784 shares of the semiconductor company’s stock valued at $279,320,000 after purchasing an additional 155,052 shares in the last quarter. Institutional investors and hedge funds own 93.19% of the company’s stock.

Monolithic Power Systems, Inc. (MPWR) opened at 114.08 on Friday. The firm has a market capitalization of $4.72 billion, a P/E ratio of 80.45 and a beta of 1.26. Monolithic Power Systems, Inc. has a one year low of $75.04 and a one year high of $114.27. The stock’s 50 day moving average is $104.82 and its 200 day moving average is $99.07.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 14.30% and a return on equity of 14.10%. The firm’s revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the company earned $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 was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Thursday, September 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.74%.

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In other Monolithic Power Systems news, insider Deming Xiao sold 6,004 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $101.96, for a total value of $612,167.84. Following the sale, the insider now owns 284,102 shares of the company’s stock, valued at approximately $28,967,039.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James C. Moyer sold 15,000 shares of the firm’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $108.40, for a total transaction of $1,626,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 112,819 shares of company stock worth $11,634,216. Insiders own 4.00% of the company’s stock.

Several brokerages have commented on MPWR. SunTrust Banks, Inc. began coverage on shares of Monolithic Power Systems in a research report on Tuesday. They set a “buy” rating and a $132.00 price objective for the company. Stifel Nicolaus restated a “buy” rating and set a $117.00 price objective on shares of Monolithic Power Systems in a research report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. KeyCorp restated a “buy” rating and set a $115.00 price objective on shares of Monolithic Power Systems in a research report on Friday, September 1st. Finally, BidaskClub downgraded shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $116.38.

Monolithic Power Systems 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.

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

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