Bahl & Gaynor Inc. lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,180 shares of the semiconductor company’s stock after selling 4,205 shares during the quarter. Bahl & Gaynor Inc. owned 0.11% of Monolithic Power Systems worth $3,783,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Sawtooth Solutions LLC increased its position in shares of Monolithic Power Systems by 0.9% during the second quarter. Sawtooth Solutions LLC now owns 2,519 shares of the semiconductor company’s stock worth $243,000 after acquiring an additional 23 shares during the period. PNC Financial Services Group Inc. increased its holdings in 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 valued at $742,000 after buying an additional 34 shares during the last quarter. First National Bank of Hutchinson increased its holdings in 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 valued at $498,000 after buying an additional 36 shares during the last quarter. Miles Capital Inc. increased its holdings in Monolithic Power Systems by 1.7% in the first quarter. Miles Capital Inc. now owns 2,704 shares of the semiconductor company’s stock valued at $249,000 after buying an additional 45 shares during the last quarter. Finally, Renaissance Group LLC increased its holdings in Monolithic Power Systems by 1.2% in the second quarter. Renaissance Group LLC now owns 4,152 shares of the semiconductor company’s stock valued at $400,000 after buying an additional 49 shares during the last quarter. 93.37% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) traded up 0.144% during trading on Friday, reaching $102.918. The company had a trading volume of 109,927 shares. The stock has a 50 day moving average price of $101.23 and a 200-day moving average price of $96.61. The company has a market capitalization of $4.26 billion, a PE ratio of 72.580 and a beta of 1.22. Monolithic Power Systems, Inc. has a 52-week low of $74.61 and a 52-week high of $107.87.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The firm had revenue of $112.20 million for the quarter, compared to the consensus estimate of $110.94 million. During the same quarter in the previous year, the firm posted $0.54 EPS. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. On average, equities research analysts anticipate 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 will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.78%. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.74%.

TRADEMARK VIOLATION WARNING: “Bahl & Gaynor Inc. Sells 4,205 Shares of Monolithic Power Systems, Inc. (MPWR)” was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this report on another publication, it was copied illegally and republished in violation of international copyright and trademark laws. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/09/15/bahl-gaynor-inc-sells-4205-shares-of-monolithic-power-systems-inc-mpwr.html.

Several equities analysts recently commented on the company. Zacks Investment Research raised Monolithic Power Systems from a “sell” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus reissued a “buy” rating and issued a $117.00 target price on shares of Monolithic Power Systems in a report on Sunday, September 3rd. KeyCorp reissued a “buy” rating and issued a $115.00 target price on shares of Monolithic Power Systems in a report on Friday, September 1st. BidaskClub lowered Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $140.00 target price (up previously from $100.00) on shares of Monolithic Power Systems in a report on Thursday, July 27th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $112.63.

In other news, CFO Theodore Blegen sold 4,604 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $99.00, for a total value of $455,796.00. Following the completion of the sale, the chief financial officer now owns 42,530 shares of the company’s stock, valued at approximately $4,210,470. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James C. Moyer sold 2,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $95.41, for a total transaction of $190,820.00. Following the completion of the sale, the director now directly owns 805,758 shares of the company’s stock, valued at approximately $76,877,370.78. The disclosure for this sale can be found here. Insiders have sold a total of 117,730 shares of company stock worth $11,943,358 in the last ninety days. 4.00% 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.

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.