Cornerstone Capital Management Holdings LLC. continued to hold its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,749 shares of the semiconductor company’s stock at the close of the 2nd quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Monolithic Power Systems were worth $1,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in MPWR. BlackRock Inc. lifted its position in shares of Monolithic Power Systems by 25,140.6% during 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 during the last quarter. Frontier Capital Management Co. LLC lifted its position in shares of Monolithic Power Systems by 98.6% during 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 during the last quarter. Franklin Resources Inc. lifted its position in shares of Monolithic Power Systems by 166.3% during the second quarter. Franklin Resources Inc. now owns 799,631 shares of the semiconductor company’s stock valued at $77,086,000 after buying an additional 499,387 shares during the last quarter. Harbour Capital Advisors LLC lifted its position in shares of Monolithic Power Systems by 14,285.8% during the second quarter. Harbour Capital Advisors LLC now owns 467,540 shares of the semiconductor company’s stock valued at $4,850,000 after buying an additional 464,290 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Monolithic Power Systems by 259.3% during the second quarter. Goldman Sachs Group Inc. now owns 376,246 shares of the semiconductor company’s stock valued at $36,270,000 after buying an additional 271,527 shares during the last quarter. 93.19% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems, Inc. (MPWR) opened at 113.98 on Monday. The company has a 50 day moving average of $106.92 and a 200 day moving average of $99.85. Monolithic Power Systems, Inc. has a 12 month low of $75.04 and a 12 month high of $115.10. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 80.38 and a beta of 1.26.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. The firm had revenue of $112.20 million during the quarter, compared to analysts’ expectations of $110.94 million. Monolithic Power Systems had a return on equity of 14.10% and a net margin of 14.30%. The firm’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share. On average, equities analysts predict that Monolithic Power Systems, Inc. will post $2.87 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.70%. The ex-dividend date was Thursday, September 28th. Monolithic Power Systems’s payout ratio is 56.74%.

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Several analysts have commented on MPWR shares. Oppenheimer Holdings, Inc. increased their price target on shares of Monolithic Power Systems from $100.00 to $110.00 in a research report on Monday, July 24th. BidaskClub lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Stifel Nicolaus reissued a “buy” rating and set a $117.00 price target on shares of Monolithic Power Systems in a research report on Sunday, September 3rd. KeyCorp reissued a “buy” rating and set a $115.00 price target on shares of Monolithic Power Systems in a research report on Friday, September 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $140.00 price target (up from $100.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $116.38.

In related news, Director James C. Moyer sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $108.40, for a total transaction of $1,626,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Hsing sold 19,766 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $101.96, for a total value of $2,015,341.36. Following the sale, the chief executive officer now owns 1,174,800 shares of the company’s stock, valued at approximately $119,782,608. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 112,819 shares of company stock valued at $11,634,216. 4.00% of the stock is owned by company insiders.

Monolithic Power Systems Company 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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