First Mercantile Trust Co. lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 13.0% during the second quarter, Holdings Channel reports. The fund owned 16,971 shares of the semiconductor company’s stock after selling 2,541 shares during the period. First Mercantile Trust Co.’s holdings in Monolithic Power Systems were worth $1,636,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MPWR. DekaBank Deutsche Girozentrale raised its position in Monolithic Power Systems by 50.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 9,000 shares of the semiconductor company’s stock valued at $874,000 after buying an additional 3,000 shares during the last quarter. First Trust Advisors LP raised its position in Monolithic Power Systems by 9.2% in the second quarter. First Trust Advisors LP now owns 30,541 shares of the semiconductor company’s stock valued at $2,944,000 after buying an additional 2,573 shares during the last quarter. Arizona State Retirement System raised its position in Monolithic Power Systems by 1.3% in the second quarter. Arizona State Retirement System now owns 16,000 shares of the semiconductor company’s stock valued at $1,542,000 after buying an additional 200 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Monolithic Power Systems by 10.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 172,874 shares of the semiconductor company’s stock valued at $16,666,000 after buying an additional 16,724 shares during the last quarter. Finally, HL Financial Services LLC raised its position in Monolithic Power Systems by 5.6% in the second quarter. HL Financial Services LLC now owns 84,723 shares of the semiconductor company’s stock valued at $8,168,000 after buying an additional 4,489 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Shares of Monolithic Power Systems, Inc. (MPWR) opened at 100.47 on Friday. Monolithic Power Systems, Inc. has a 12 month low of $71.60 and a 12 month high of $107.87. The stock has a 50 day moving average price of $100.64 and a 200-day moving average price of $94.48. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 70.85 and a beta of 1.23.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 14.10% and a net margin of 14.30%. The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Analysts expect that Monolithic Power Systems, Inc. will post $2.87 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.80 annualized dividend and a yield of 0.80%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 56.74%.

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Several research firms recently issued reports on MPWR. BidaskClub lowered Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research lowered Monolithic Power Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $140.00 price objective (up from $100.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $117.00 price objective (up from $110.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. set a $120.00 price objective on Monolithic Power Systems and gave the stock a “buy” rating in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $112.29.

In other Monolithic Power Systems news, insider Deming Xiao sold 5,352 shares of the stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $93.64, for a total transaction of $501,161.28. Following the sale, the insider now owns 286,725 shares of the company’s stock, valued at approximately $26,848,929. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Hsing sold 18,815 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $96.13, for a total value of $1,808,685.95. Following the sale, the chief executive officer now directly owns 1,183,434 shares in the company, valued at approximately $113,763,510.42. The disclosure for this sale can be found here. In the last three months, insiders sold 120,573 shares of company stock worth $11,947,693. 4.00% of the stock is 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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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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