Smithfield Trust Co. reduced its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 16.1% during the second quarter, Holdings Channel reports. The firm owned 2,090 shares of the semiconductor company’s stock after selling 400 shares during the period. Smithfield Trust Co.’s holdings in Monolithic Power Systems were worth $201,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MPWR. PNC Financial Services Group Inc. boosted its position in shares of Monolithic Power Systems by 0.4% in the first quarter. PNC Financial Services Group Inc. now owns 8,054 shares of the semiconductor company’s stock worth $742,000 after buying an additional 34 shares during the period. First National Bank of Hutchinson boosted its position in shares of Monolithic Power Systems by 0.8% in the second quarter. First National Bank of Hutchinson now owns 4,744 shares of the semiconductor company’s stock worth $498,000 after buying an additional 36 shares during the period. Miles Capital Inc. boosted its position in shares of Monolithic Power Systems by 1.7% in the first quarter. Miles Capital Inc. now owns 2,704 shares of the semiconductor company’s stock worth $249,000 after buying an additional 45 shares during the period. World Asset Management Inc boosted its position in shares of Monolithic Power Systems by 2.5% in the second quarter. World Asset Management Inc now owns 2,420 shares of the semiconductor company’s stock worth $233,000 after buying an additional 60 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC boosted its position in shares of 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 worth $601,000 after buying an additional 79 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) opened at 102.77 on Tuesday. The firm’s 50 day moving average is $99.72 and its 200-day moving average is $93.86. Monolithic Power Systems, Inc. has a 1-year low of $71.09 and a 1-year high of $107.87. The company has a market cap of $4.25 billion, a PE ratio of 72.48 and a beta of 1.23.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The firm 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 business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the company posted $0.54 EPS. Equities 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 was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Wednesday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 56.74%.

ILLEGAL ACTIVITY NOTICE: This story was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://www.dailypolitical.com/2017/08/08/monolithic-power-systems-inc-nasdaqmpwr-position-reduced-by-smithfield-trust-co.html.

A number of research firms have weighed in on MPWR. Stifel Nicolaus decreased their target price on shares of Monolithic Power Systems from $105.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, April 26th. BidaskClub raised shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Oppenheimer Holdings, Inc. set a $120.00 target price on shares of Monolithic Power Systems and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price (up previously from $94.00) on shares of Monolithic Power Systems in a research note on Thursday, April 27th. Finally, Pacific Crest reaffirmed an “overweight” rating and set a $110.00 target price on shares of Monolithic Power Systems in a research note on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $112.29.

In other news, CEO Michael Hsing sold 19,766 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 transaction of $2,015,341.36. Following the sale, the chief executive officer now owns 1,174,800 shares in the company, valued at approximately $119,782,608. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Theodore Blegen sold 462 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $102.60, for a total transaction of $47,401.20. Following the sale, the chief financial officer now owns 42,353 shares in the company, valued at approximately $4,345,417.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,573 shares of company stock worth $11,947,693. Corporate insiders own 4.00% of the company’s stock.

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.

Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR).

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

Receive News & Ratings for Monolithic Power Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.