Monolithic Power Systems, Inc. (MPWR) Shares Sold by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,363 shares of the semiconductor company’s stock after selling 545 shares during the period. Monolithic Power Systems accounts for 1.5% of Taylor Frigon Capital Management LLC’s holdings, making the stock its 22nd biggest position. Taylor Frigon Capital Management LLC’s holdings in Monolithic Power Systems were worth $2,054,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Triangle Securities Wealth Management purchased a new position in shares of Monolithic Power Systems in the second quarter worth $224,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Monolithic Power Systems in the first quarter worth $206,000. Lido Advisors LLC purchased a new position in shares of Monolithic Power Systems during the first quarter worth $226,000. Visionary Asset Management Inc. purchased a new position in shares of Monolithic Power Systems during the second quarter worth $269,000. Finally, Claraphi Advisory Network LLC purchased a new position in shares of Monolithic Power Systems during the first quarter worth $234,000. 92.05% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems traded up $0.62, reaching $132.58, on Thursday, according to Marketbeat Ratings. 640 shares of the company’s stock were exchanged, compared to its average volume of 308,419. The firm has a market capitalization of $5.60 billion, a PE ratio of 71.33, a PEG ratio of 2.16 and a beta of 1.27. Monolithic Power Systems, Inc. has a twelve month low of $95.50 and a twelve month high of $142.91.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, July 25th. The semiconductor company reported $0.90 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.90. The firm had revenue of $139.76 million for the quarter, compared to analyst estimates of $139.45 million. Monolithic Power Systems had a net margin of 15.51% and a return on equity of 17.84%. Monolithic Power Systems’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 earnings per share. equities analysts anticipate that Monolithic Power Systems, Inc. will post 2.45 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 13th. Investors of record on Friday, June 29th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, June 28th. This represents a $1.20 dividend on an annualized basis and a yield of 0.91%. Monolithic Power Systems’s payout ratio is presently 64.86%.

In other Monolithic Power Systems news, VP Maurice Sciammas sold 7,385 shares of Monolithic Power Systems stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $121.09, for a total transaction of $894,249.65. Following the transaction, the vice president now directly owns 416,150 shares of the company’s stock, valued at $50,391,603.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James C. Moyer sold 15,000 shares of Monolithic Power Systems stock in a transaction dated Monday, July 9th. The stock was sold at an average price of $137.31, for a total transaction of $2,059,650.00. Following the transaction, the director now directly owns 641,815 shares in the company, valued at $88,127,617.65. The disclosure for this sale can be found here. Insiders have sold 139,944 shares of company stock worth $17,960,694 over the last 90 days. 4.00% of the stock is currently owned by company insiders.

MPWR has been the subject of several recent research reports. Stifel Nicolaus raised their target price on shares of Monolithic Power Systems from $147.00 to $155.00 and gave the stock a “$141.80” rating in a report on Thursday, July 19th. Needham & Company LLC raised their target price on shares of Monolithic Power Systems from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, May 1st. Deutsche Bank raised their target price on shares of Monolithic Power Systems from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, June 5th. ValuEngine upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. Finally, Zacks Investment Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research report on Thursday, May 3rd. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $146.67.

Monolithic Power Systems Company Profile

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.

See Also: Average Daily Trade Volume – ADTV

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

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