Earnest Partners LLC Lowers Position in Monolithic Power Systems, Inc. (MPWR)

Earnest Partners LLC cut its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.4% during the first quarter, Holdings Channel reports. The fund owned 972,550 shares of the semiconductor company’s stock after selling 14,299 shares during the period. Earnest Partners LLC’s holdings in Monolithic Power Systems were worth $89,572,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in MPWR. Tyers Asset Management LLC purchased a new position in shares of Monolithic Power Systems during the fourth quarter valued at approximately $377,000. Allianz Asset Management AG increased its position in shares of Monolithic Power Systems by 7.1% in the fourth quarter. Allianz Asset Management AG now owns 88,001 shares of the semiconductor company’s stock valued at $7,210,000 after buying an additional 5,825 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Monolithic Power Systems during the fourth quarter valued at approximately $362,000. Asset Management One Co. Ltd. increased its position in shares of Monolithic Power Systems by 3.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 6,956 shares of the semiconductor company’s stock valued at $576,000 after buying an additional 250 shares during the period. Finally, Elkfork Partners LLC purchased a new position in shares of Monolithic Power Systems during the fourth quarter valued at approximately $519,000. 93.11% of the stock is owned by institutional investors and hedge funds.

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

Shares of Monolithic Power Systems, Inc. (NASDAQ MPWR) traded up 0.81% during mid-day trading on Friday, hitting $97.19. 392,417 shares of the stock traded hands. The firm has a market capitalization of $4.01 billion, a P/E ratio of 72.58 and a beta of 1.21. Monolithic Power Systems, Inc. has a one year low of $62.38 and a one year high of $103.92. The company’s 50 day moving average is $96.18 and its 200 day moving average is $89.80.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, April 26th. The semiconductor company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. Monolithic Power Systems had a net margin of 14.00% and a return on equity of 13.83%. The business had revenue of $100.40 million for the quarter, compared to analyst estimates of $100.02 million. During the same period last year, the firm earned $0.45 earnings per share. Monolithic Power Systems’s revenue for the quarter was up 18.8% compared to the same quarter last year. On average, equities analysts expect that Monolithic Power Systems, Inc. will post $2.85 EPS for the current fiscal year.

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Several brokerages recently commented on MPWR. Stifel Nicolaus dropped their target price on shares of Monolithic Power Systems from $105.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, April 26th. Deutsche Bank AG reiterated a “buy” rating and issued a $97.00 target price (up previously from $95.00) on shares of Monolithic Power Systems in a report on Friday, April 28th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price (up previously from $94.00) on shares of Monolithic Power Systems in a report on Thursday, April 27th. Finally, Zacks Investment Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Tuesday, May 2nd. Seven analysts have rated the stock with 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 target price of $98.50.

In related news, Director James C. Moyer sold 15,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $96.84, for a total transaction of $1,452,600.00. Following the transaction, the director now directly owns 807,758 shares of the company’s stock, valued at $78,223,284.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael Hsing sold 18,815 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $96.13, for a total transaction of $1,808,685.95. Following the transaction, the chief executive officer now directly owns 1,183,434 shares in the company, valued at $113,763,510.42. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,866 shares of company stock worth $8,902,113. 5.00% of the stock is owned by insiders.

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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