Eaton Vance Management maintained its stake in shares of Monolithic Power Systems Inc. (NASDAQ:MPWR) during the second quarter, Holdings Channel reports. The institutional investor owned 32,136 shares of the company’s stock at the end of the second quarter. Eaton Vance Management owned 0.08% of Monolithic Power Systems worth $2,196,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of MPWR. Rafferty Asset Management LLC raised its stake in shares of Monolithic Power Systems by 59.2% in the second quarter. Rafferty Asset Management LLC now owns 5,719 shares of the company’s stock valued at $391,000 after buying an additional 2,127 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Monolithic Power Systems by 77.2% in the second quarter. Victory Capital Management Inc. now owns 1,492 shares of the company’s stock valued at $102,000 after buying an additional 650 shares during the last quarter. Icon Advisers Inc. Co. raised its stake in shares of Monolithic Power Systems by 15.5% in the second quarter. Icon Advisers Inc. Co. now owns 26,900 shares of the company’s stock valued at $1,838,000 after buying an additional 3,600 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Monolithic Power Systems by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 447,050 shares of the company’s stock valued at $30,543,000 after buying an additional 2,962 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Monolithic Power Systems by 7.5% in the second quarter. Ameriprise Financial Inc. now owns 283,576 shares of the company’s stock valued at $19,374,000 after buying an additional 19,692 shares during the last quarter. Institutional investors own 97.67% of the company’s stock.

Shares of Monolithic Power Systems Inc. (NASDAQ:MPWR) traded down 1.12% on Friday, reaching $76.49. 72,571 shares of the company traded hands. The firm has a 50-day moving average of $75.13 and a 200-day moving average of $68.21. The company has a market capitalization of $3.10 billion, a PE ratio of 73.62 and a beta of 1.58. Monolithic Power Systems Inc. has a 52-week low of $48.74 and a 52-week high of $78.45.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Monday, July 25th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. Monolithic Power Systems had a return on equity of 12.49% and a net margin of 12.08%. The company earned $94.10 million during the quarter, compared to analysts’ expectations of $93.08 million. During the same quarter in the prior year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities research analysts forecast that Monolithic Power Systems Inc. will post $2.26 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.80 annualized dividend and a dividend yield of 1.03%. Monolithic Power Systems’s payout ratio is 76.92%.

Several equities research analysts have commented on the stock. Needham & Company LLC restated a “buy” rating and set a $87.00 target price on shares of Monolithic Power Systems in a research report on Thursday. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Monday, September 12th. Stifel Nicolaus lifted their price target on Monolithic Power Systems from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, July 14th. Zacks Investment Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Monday, June 6th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $75.00.

In related news, VP Saria Tseng sold 5,653 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $75.25, for a total transaction of $425,388.25. Following the completion of the transaction, the vice president now owns 274,112 shares of the company’s stock, valued at $20,626,928. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Deming Xiao sold 7,114 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $72.66, for a total value of $516,903.24. Following the transaction, the insider now directly owns 284,286 shares of the company’s stock, valued at approximately $20,656,220.76. The disclosure for this sale can be found here. 5.00% of the stock is owned by insiders.

About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company provides power solutions for systems found in industrial applications, telecommunication infrastructures, cloud computing, automotive and consumer applications.

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