Los Angeles Capital Management & Equity Research Inc. Has $6.64 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

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Los Angeles Capital Management & Equity Research Inc. lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,877 shares of the semiconductor company’s stock after selling 1,665 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Monolithic Power Systems were worth $6,637,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Virginia Retirement Systems ET AL boosted its holdings in shares of Monolithic Power Systems by 29.5% during the second quarter. Virginia Retirement Systems ET AL now owns 12,300 shares of the semiconductor company’s stock worth $1,670,000 after acquiring an additional 2,800 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of Monolithic Power Systems during the second quarter worth approximately $103,000. Arizona State Retirement System boosted its holdings in shares of Monolithic Power Systems by 1.4% during the second quarter. Arizona State Retirement System now owns 28,750 shares of the semiconductor company’s stock worth $3,904,000 after acquiring an additional 399 shares during the period. Campbell Newman Asset Management Inc. boosted its holdings in shares of Monolithic Power Systems by 7.1% during the second quarter. Campbell Newman Asset Management Inc. now owns 4,188 shares of the semiconductor company’s stock worth $569,000 after acquiring an additional 276 shares during the period. Finally, Pembroke Management LTD boosted its holdings in shares of Monolithic Power Systems by 1.4% during the second quarter. Pembroke Management LTD now owns 110,737 shares of the semiconductor company’s stock worth $15,036,000 after acquiring an additional 1,476 shares during the period. 95.10% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Deming Xiao sold 3,474 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $129.50, for a total value of $449,883.00. Following the completion of the sale, the insider now directly owns 340,463 shares in the company, valued at $44,089,958.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director James C. Moyer sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $118.31, for a total value of $1,183,100.00. Following the completion of the sale, the director now owns 487,260 shares of the company’s stock, valued at $57,647,730.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 190,816 shares of company stock valued at $26,409,717. 3.00% of the stock is currently owned by corporate insiders.

A number of brokerages have recently issued reports on MPWR. Loop Capital began coverage on Monolithic Power Systems in a report on Tuesday, June 18th. They set a “buy” rating and a $144.00 price objective for the company. BidaskClub upgraded Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, July 26th. ValuEngine upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Zacks Investment Research cut Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Finally, Needham & Company LLC cut Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $147.14.

Shares of MPWR stock traded up $5.26 during trading on Tuesday, hitting $150.64. The company had a trading volume of 1,774 shares, compared to its average volume of 278,000. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 62.99, a P/E/G ratio of 2.37 and a beta of 1.68. The stock’s 50-day simple moving average is $142.98. Monolithic Power Systems, Inc. has a one year low of $101.99 and a one year high of $161.50.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.15). The company had revenue of $151.00 million during the quarter, compared to the consensus estimate of $150.56 million. Monolithic Power Systems had a net margin of 17.51% and a return on equity of 16.60%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 earnings per share. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 2.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Thursday, June 27th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 66.95%.

About Monolithic Power Systems

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.

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

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