Monolithic Power Systems, Inc. (MPWR) Stake Raised by Rhumbline Advisers

Rhumbline Advisers grew its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 19.1% during the first quarter, Holdings Channel reports. The institutional investor owned 134,215 shares of the semiconductor company’s stock after purchasing an additional 21,568 shares during the period. Rhumbline Advisers’ holdings in Monolithic Power Systems were worth $18,185,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Millennium Management LLC raised its position in Monolithic Power Systems by 0.4% in the fourth quarter. Millennium Management LLC now owns 85,149 shares of the semiconductor company’s stock worth $9,899,000 after acquiring an additional 361 shares during the period. Norges Bank bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at $43,585,000. TrimTabs Asset Management LLC raised its position in shares of Monolithic Power Systems by 5.0% during the 1st quarter. TrimTabs Asset Management LLC now owns 10,764 shares of the semiconductor company’s stock valued at $1,458,000 after purchasing an additional 511 shares during the period. Chartwell Investment Partners LLC raised its position in shares of Monolithic Power Systems by 9.1% during the 1st quarter. Chartwell Investment Partners LLC now owns 53,153 shares of the semiconductor company’s stock valued at $7,202,000 after purchasing an additional 4,451 shares during the period. Finally, Raymond James Trust N.A. bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at $220,000. Institutional investors own 99.03% of the company’s stock.

In other Monolithic Power Systems news, CFO Theodore Blegen sold 1,681 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $138.03, for a total value of $232,028.43. Following the completion of the transaction, the chief financial officer now directly owns 81,509 shares of the company’s stock, valued at approximately $11,250,687.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Hsing sold 75,241 shares of Monolithic Power Systems stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $136.26, for a total transaction of $10,252,338.66. Following the completion of the transaction, the chief executive officer now directly owns 1,202,378 shares of the company’s stock, valued at $163,836,026.28. The disclosure for this sale can be found here. Insiders sold a total of 267,530 shares of company stock valued at $37,140,938 over the last three months. Corporate insiders own 4.00% of the company’s stock.

Several analysts have recently commented on MPWR shares. Zacks Investment Research upgraded shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. BidaskClub upgraded shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 12th. Needham & Company LLC restated a “buy” rating and set a $145.00 price objective on shares of Monolithic Power Systems in a research report on Monday, March 4th. Finally, Deutsche Bank raised their price objective on shares of Monolithic Power Systems from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $148.88.

MPWR opened at $126.52 on Tuesday. The firm has a market cap of $5.88 billion, a P/E ratio of 52.94, a P/E/G ratio of 2.09 and a beta of 1.46. Monolithic Power Systems, Inc. has a fifty-two week low of $101.99 and a fifty-two week high of $161.22.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, May 2nd. The semiconductor company reported $0.84 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. The company had revenue of $141.40 million during the quarter, compared to analysts’ expectations of $141.11 million. Monolithic Power Systems had a net margin of 18.43% and a return on equity of 17.99%. Monolithic Power Systems’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $0.79 earnings per share. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 2.62 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.40 dividend. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, March 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 66.95%.

COPYRIGHT VIOLATION WARNING: This piece was reported by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.baseballdailydigest.com/news/2019/05/14/monolithic-power-systems-inc-mpwr-stake-raised-by-rhumbline-advisers.html.

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.

Featured Article: What is Elliott Wave theory?

Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR).

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

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.