Asset Management One Co. Ltd. lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 28.4% during the first quarter, Holdings Channel reports. The institutional investor owned 4,978 shares of the semiconductor company’s stock after selling 1,978 shares during the period. Asset Management One Co. Ltd.’s holdings in Monolithic Power Systems were worth $458,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Monolithic Power Systems by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,540 shares of the semiconductor company’s stock valued at $454,000 after buying an additional 30 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in Monolithic Power Systems by 1.2% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 6,528 shares of the semiconductor company’s stock valued at $601,000 after buying an additional 79 shares during the last quarter. Keybank National Association OH increased its position in Monolithic Power Systems by 0.8% in the first quarter. Keybank National Association OH now owns 10,522 shares of the semiconductor company’s stock valued at $969,000 after buying an additional 84 shares during the last quarter. Fortaleza Asset Management Inc. increased its position in Monolithic Power Systems by 8.5% in the fourth quarter. Fortaleza Asset Management Inc. now owns 1,275 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 100 shares during the last quarter. Finally, Texas Permanent School Fund increased its position in Monolithic Power Systems by 0.5% in the first quarter. Texas Permanent School Fund now owns 27,425 shares of the semiconductor company’s stock valued at $2,526,000 after buying an additional 132 shares during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

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

Monolithic Power Systems, Inc. (NASDAQ MPWR) traded down 0.9001% on Tuesday, hitting $97.4449. 23,510 shares of the stock traded hands. The firm’s 50 day moving average is $96.45 and its 200 day moving average is $90.16. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 72.7744 and a beta of 1.21. Monolithic Power Systems, Inc. has a 52 week low of $62.38 and a 52 week high of $103.92.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, April 26th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. The company had revenue of $100.40 million for the quarter, compared to analyst estimates of $100.02 million. Monolithic Power Systems had a net margin of 14.00% and a return on equity of 13.83%. The firm’s revenue was up 18.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. Equities analysts anticipate that Monolithic Power Systems, Inc. will post $2.85 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 60.15%.

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MPWR has been the topic of several research reports. Deutsche Bank AG restated a “buy” rating and set a $97.00 price objective (up previously from $95.00) on shares of Monolithic Power Systems in a report on Friday, April 28th. Zacks Investment Research downgraded shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective (up previously from $94.00) on shares of Monolithic Power Systems in a report on Thursday, April 27th. Finally, Stifel Nicolaus dropped their price objective on shares of Monolithic Power Systems from $105.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, April 26th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $98.50.

In related news, Director James C. Moyer sold 15,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, April 10th. The shares were sold at an average price of $91.45, for a total transaction of $1,371,750.00. Following the sale, the director now directly owns 836,758 shares of the company’s stock, valued at approximately $76,521,519.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Deming Xiao sold 6,003 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $92.27, for a total transaction of $553,896.81. Following the sale, the insider now directly owns 295,457 shares in the company, valued at $27,261,817.39. The disclosure for this sale can be found here. Insiders have sold a total of 94,866 shares of company stock worth $8,902,113 over the last ninety days. 5.00% of the stock is currently owned by insiders.

Monolithic Power Systems Company 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.

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