Navellier & Associates Inc cut its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 11,058 shares of the semiconductor company’s stock after selling 1,420 shares during the period. Navellier & Associates Inc’s holdings in Monolithic Power Systems were worth $1,066,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in Monolithic Power Systems during the 2nd quarter worth approximately $121,000. D.A. Davidson & CO. lifted its position in Monolithic Power Systems by 13.2% during the 2nd quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock worth $141,000 after acquiring an additional 172 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Monolithic Power Systems by 115.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,552 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 832 shares in the last quarter. Fortaleza Asset Management Inc. lifted its position in Monolithic Power Systems by 50.2% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock worth $185,000 after acquiring an additional 640 shares in the last quarter. Finally, Riverhead Capital Management LLC lifted its position in Monolithic Power Systems by 74.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock worth $202,000 after acquiring an additional 897 shares in the last quarter. 93.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Monolithic Power Systems, Inc. (NASDAQ MPWR) traded up 0.190% during trading on Wednesday, hitting $113.345. The company’s stock had a trading volume of 34,867 shares. The company has a market capitalization of $4.69 billion, a P/E ratio of 79.933 and a beta of 1.26. Monolithic Power Systems, Inc. has a 1-year low of $75.04 and a 1-year high of $114.27. The firm’s 50 day moving average is $105.04 and its 200-day moving average is $99.17.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. The firm had revenue of $112.20 million for the quarter, compared to analyst estimates 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 revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. Analysts forecast that Monolithic Power Systems, Inc. will post $2.87 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Thursday, September 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 56.74%.

In other Monolithic Power Systems news, VP Maurice Sciammas sold 1,693 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $104.09, for a total value of $176,224.37. Following the sale, the vice president now owns 367,695 shares of the company’s stock, valued at approximately $38,273,372.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James C. Moyer sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $108.40, for a total value of $1,626,000.00. The disclosure for this sale can be found here. Insiders sold a total of 112,819 shares of company stock worth $11,634,216 in the last ninety days. Insiders own 4.00% of the company’s stock.

Several equities analysts recently commented on MPWR shares. Zacks Investment Research lowered Monolithic Power Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Pacific Crest reissued an “overweight” rating and set a $110.00 price target on shares of Monolithic Power Systems in a research report on Wednesday, June 21st. KeyCorp reissued a “buy” rating and set a $115.00 price target on shares of Monolithic Power Systems in a research report on Friday, September 1st. Stifel Nicolaus reissued a “buy” rating and set a $117.00 price target on shares of Monolithic Power Systems in a research report on Sunday, September 3rd. Finally, BidaskClub lowered Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Monolithic Power Systems presently has an average rating of “Buy” and a consensus price target of $116.38.

ILLEGAL ACTIVITY NOTICE: “Navellier & Associates Inc Sells 1,420 Shares of Monolithic Power Systems, Inc. (MPWR)” was posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international trademark and copyright law. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/10/18/navellier-associates-inc-sells-1420-shares-of-monolithic-power-systems-inc-mpwr.html.

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.