Monolithic Power Systems, Inc. (MPWR) Holdings Lifted by BlueMountain Capital Management LLC

BlueMountain Capital Management LLC raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 22.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,326 shares of the semiconductor company’s stock after buying an additional 2,104 shares during the quarter. BlueMountain Capital Management LLC’s holdings in Monolithic Power Systems were worth $1,092,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its position in Monolithic Power Systems by 115.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $150,000 after buying an additional 832 shares during the last quarter. Segantii Capital Management Ltd acquired a new position in Monolithic Power Systems in the first quarter valued at about $157,000. Fortaleza Asset Management Inc. lifted its position in Monolithic Power Systems by 50.2% in the second quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock valued at $185,000 after buying an additional 640 shares during the last quarter. Riverhead Capital Management LLC lifted its position in Monolithic Power Systems by 74.8% in the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock valued at $202,000 after buying an additional 897 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. acquired a new position in Monolithic Power Systems in the second quarter valued at about $203,000. 93.19% of the stock is currently owned by institutional investors.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. The business 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, September 28th. Monolithic Power Systems’s dividend payout ratio is currently 56.74%.

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In other news, CFO Theodore Blegen sold 459 shares of Monolithic Power Systems stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $101.42, for a total value of $46,551.78. Following the transaction, the chief financial officer now directly owns 41,445 shares of the company’s stock, valued at approximately $4,203,351.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Maurice Sciammas sold 10,828 shares of Monolithic Power Systems stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $101.60, for a total value of $1,100,124.80. Following the completion of the transaction, the vice president now directly owns 374,994 shares in the company, valued at $38,099,390.40. The disclosure for this sale can be found here. Insiders sold a total of 119,423 shares of company stock worth $12,119,582 over the last ninety days. Corporate insiders own 4.00% of the company’s stock.

A number of research analysts have commented on the stock. Zacks Investment Research raised shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $117.00 target price on shares of Monolithic Power Systems in a research report on Sunday, September 3rd. KeyCorp reaffirmed a “buy” rating and issued a $115.00 target price on shares of Monolithic Power Systems in a research report on Friday, September 1st. BidaskClub cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 target price (up previously from $100.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Monolithic Power Systems presently has an average rating of “Buy” and a consensus price target of $112.63.

Monolithic Power Systems 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.

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

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