HMS Capital Management LLC Has $407,000 Position in Monolithic Power Systems, Inc. (MPWR)

HMS Capital Management LLC maintained its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,218 shares of the semiconductor company’s stock at the close of the 2nd quarter. HMS Capital Management LLC’s holdings in Monolithic Power Systems were worth $407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MPWR. BlackRock Inc. boosted its stake in Monolithic Power Systems by 25,140.6% in the first quarter. BlackRock Inc. now owns 4,186,655 shares of the semiconductor company’s stock valued at $385,591,000 after buying an additional 4,170,068 shares in the last quarter. Vanguard Group Inc. boosted its stake in Monolithic Power Systems by 5.4% in the first quarter. Vanguard Group Inc. now owns 3,032,784 shares of the semiconductor company’s stock valued at $279,320,000 after buying an additional 155,052 shares in the last quarter. State Street Corp boosted its stake in Monolithic Power Systems by 4.2% in the first quarter. State Street Corp now owns 1,314,548 shares of the semiconductor company’s stock valued at $121,061,000 after buying an additional 52,796 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in Monolithic Power Systems by 98.6% in the second quarter. Frontier Capital Management Co. LLC now owns 1,162,553 shares of the semiconductor company’s stock valued at $112,070,000 after buying an additional 577,248 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Monolithic Power Systems by 1.9% in the second quarter. Victory Capital Management Inc. now owns 825,488 shares of the semiconductor company’s stock valued at $79,577,000 after buying an additional 15,645 shares in the last quarter. 93.37% of the stock is currently owned by institutional investors.

Several analysts recently weighed in on MPWR shares. Pacific Crest reaffirmed an “overweight” rating and issued a $110.00 price objective on shares of Monolithic Power Systems in a research note on Wednesday, June 21st. Zacks Investment Research lowered Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. BidaskClub lowered Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Oppenheimer Holdings, Inc. raised their price objective on Monolithic Power Systems from $100.00 to $110.00 in a research note on Monday, July 24th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $117.00 price objective (up from $110.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $112.63.

In other Monolithic Power Systems news, CFO Theodore Blegen sold 459 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $101.42, for a total value of $46,551.78. Following the sale, the chief financial officer now directly owns 41,445 shares of the company’s stock, valued at $4,203,351.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Hsing sold 19,766 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $101.96, for a total transaction of $2,015,341.36. Following the completion of the sale, the chief executive officer now directly owns 1,174,800 shares in the company, valued at $119,782,608. The disclosure for this sale can be found here. Insiders have sold 117,730 shares of company stock worth $11,943,358 over the last three months. Corporate insiders own 4.00% of the company’s stock.

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Monolithic Power Systems, Inc. (MPWR) traded up 0.8547% during trading on Friday, reaching $103.6484. The company’s stock had a trading volume of 144,369 shares. Monolithic Power Systems, Inc. has a 52-week low of $74.61 and a 52-week high of $107.87. The company has a market cap of $4.29 billion, a PE ratio of 73.0948 and a beta of 1.22. The stock has a 50-day moving average price of $101.23 and a 200 day moving average price of $96.61.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 14.30% and a return on equity of 14.10%. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. On average, analysts expect that Monolithic Power Systems, Inc. will post $2.87 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.78%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.74%.

About Monolithic Power Systems

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.

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

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