Profund Advisors LLC Decreases Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Profund Advisors LLC lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 14.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,498 shares of the semiconductor company’s stock after selling 900 shares during the period. Profund Advisors LLC’s holdings in Monolithic Power Systems were worth $747,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in shares of Monolithic Power Systems by 0.5% during the 2nd quarter. LPL Financial LLC now owns 13,232 shares of the semiconductor company’s stock worth $1,797,000 after buying an additional 68 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in shares of Monolithic Power Systems by 1.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,300 shares of the semiconductor company’s stock worth $991,000 after buying an additional 80 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Monolithic Power Systems by 1.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,956 shares of the semiconductor company’s stock worth $942,000 after buying an additional 109 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Monolithic Power Systems by 1.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,573 shares of the semiconductor company’s stock worth $1,300,000 after buying an additional 114 shares in the last quarter. Finally, Advisory Services Network LLC grew its position in shares of Monolithic Power Systems by 36.4% during the 2nd quarter. Advisory Services Network LLC now owns 431 shares of the semiconductor company’s stock worth $59,000 after buying an additional 115 shares in the last quarter. Institutional investors own 96.18% of the company’s stock.

In other Monolithic Power Systems news, CFO Theodore Blegen sold 905 shares of Monolithic Power Systems stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.56, for a total value of $126,301.80. Following the sale, the chief financial officer now owns 92,790 shares in the company, valued at $12,949,772.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Maurice Sciammas sold 2,722 shares of Monolithic Power Systems stock in a transaction on Monday, June 24th. The shares were sold at an average price of $128.63, for a total value of $350,130.86. Following the completion of the sale, the vice president now owns 398,497 shares in the company, valued at approximately $51,258,669.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 206,454 shares of company stock worth $29,967,949. 3.00% of the stock is owned by corporate insiders.

Shares of MPWR traded down $2.12 during midday trading on Tuesday, reaching $158.18. 44,597 shares of the stock were exchanged, compared to its average volume of 212,657. Monolithic Power Systems, Inc. has a 52 week low of $101.99 and a 52 week high of $163.21. The company’s 50 day moving average is $151.20 and its two-hundred day moving average is $140.91. The company has a market capitalization of $6.99 billion, a P/E ratio of 66.18, a PEG ratio of 2.57 and a beta of 1.63.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.15). Monolithic Power Systems had a return on equity of 16.60% and a net margin of 17.51%. The firm had revenue of $151.00 million for the quarter, compared to the consensus estimate of $150.56 million. During the same period in the previous year, the company posted $0.90 EPS. Monolithic Power Systems’s quarterly revenue was up 8.0% compared to the same quarter last year. Analysts forecast that Monolithic Power Systems, Inc. will post 2.52 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.01%. The ex-dividend date is Friday, September 27th. Monolithic Power Systems’s payout ratio is currently 66.95%.

MPWR has been the subject of a number of analyst reports. ValuEngine upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. BidaskClub upgraded Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, July 26th. Loop Capital assumed coverage on Monolithic Power Systems in a report on Tuesday, June 18th. They set a “buy” rating and a $144.00 target price on the stock. Finally, Stifel Nicolaus increased their target price on Monolithic Power Systems from $172.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Monolithic Power Systems currently has a consensus rating of “Buy” and a consensus price target of $150.63.

Monolithic Power Systems 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.

See Also: Net Margin

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

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