Lisanti Capital Growth LLC reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 80.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,445 shares of the semiconductor company’s stock after selling 17,990 shares during the period. Lisanti Capital Growth LLC’s holdings in Monolithic Power Systems were worth $558,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MPWR. World Asset Management Inc lifted its position in shares of Monolithic Power Systems by 17.9% in the 2nd quarter. World Asset Management Inc now owns 2,352 shares of the semiconductor company’s stock worth $314,000 after buying an additional 357 shares during the last quarter. Lido Advisors LLC lifted its position in shares of Monolithic Power Systems by 18.8% in the 2nd quarter. Lido Advisors LLC now owns 2,329 shares of the semiconductor company’s stock worth $311,000 after buying an additional 369 shares during the last quarter. Polen Capital Management LLC lifted its position in shares of Monolithic Power Systems by 12.1% in the 2nd quarter. Polen Capital Management LLC now owns 3,578 shares of the semiconductor company’s stock worth $478,000 after buying an additional 387 shares during the last quarter. Intrust Bank NA lifted its position in shares of Monolithic Power Systems by 8.3% in the 2nd quarter. Intrust Bank NA now owns 5,705 shares of the semiconductor company’s stock worth $762,000 after buying an additional 437 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Monolithic Power Systems by 38.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,059 shares of the semiconductor company’s stock worth $275,000 after buying an additional 577 shares during the last quarter. 93.88% of the stock is owned by institutional investors.

MPWR has been the topic of a number of recent research reports. KeyCorp raised their price target on shares of Monolithic Power Systems from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 29th. BidaskClub upgraded shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Raymond James downgraded shares of Monolithic Power Systems from a “strong-buy” rating to an “outperform” rating and set a $160.00 price target on the stock. in a research report on Tuesday, September 25th. Needham & Company LLC restated a “buy” rating and issued a $155.00 price target on shares of Monolithic Power Systems in a research report on Thursday, September 13th. Finally, ValuEngine downgraded shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Saturday, October 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $151.00.

In related news, CEO Michael Hsing sold 17,634 shares of Monolithic Power Systems stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $141.05, for a total value of $2,487,275.70. Following the sale, the chief executive officer now directly owns 1,115,369 shares in the company, valued at approximately $157,322,797.45. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Theodore Blegen sold 181 shares of Monolithic Power Systems stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $139.96, for a total transaction of $25,332.76. Following the completion of the sale, the chief financial officer now owns 56,125 shares in the company, valued at $7,855,255. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,093 shares of company stock worth $20,769,080. 4.00% of the stock is currently owned by insiders.

Shares of NASDAQ:MPWR opened at $124.72 on Friday. The stock has a market capitalization of $5.33 billion, a P/E ratio of 53.26, a PEG ratio of 2.04 and a beta of 1.49. Monolithic Power Systems, Inc. has a fifty-two week low of $101.99 and a fifty-two week high of $152.21.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.20 annualized dividend and a yield of 0.96%. Monolithic Power Systems’s dividend payout ratio is presently 64.86%.

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Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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

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