Carroll Financial Associates Inc. Grows Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Carroll Financial Associates Inc. boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 19,185.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,350 shares of the semiconductor company’s stock after buying an additional 1,343 shares during the period. Carroll Financial Associates Inc.’s holdings in Monolithic Power Systems were worth $210,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in MPWR. Invesco Ltd. increased its stake in Monolithic Power Systems by 91.4% in the second quarter. Invesco Ltd. now owns 1,182,914 shares of the semiconductor company’s stock worth $160,615,000 after purchasing an additional 564,907 shares during the period. Nuveen Asset Management LLC increased its stake in Monolithic Power Systems by 1,125.0% in the second quarter. Nuveen Asset Management LLC now owns 521,543 shares of the semiconductor company’s stock worth $70,815,000 after purchasing an additional 478,967 shares during the period. Victory Capital Management Inc. increased its stake in Monolithic Power Systems by 42.3% in the second quarter. Victory Capital Management Inc. now owns 786,534 shares of the semiconductor company’s stock worth $106,795,000 after purchasing an additional 233,860 shares during the period. UBS Asset Management Americas Inc. increased its stake in Monolithic Power Systems by 167.2% in the second quarter. UBS Asset Management Americas Inc. now owns 320,507 shares of the semiconductor company’s stock worth $43,518,000 after purchasing an additional 200,560 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Monolithic Power Systems by 35.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 718,884 shares of the semiconductor company’s stock worth $97,610,000 after purchasing an additional 188,991 shares during the period. Institutional investors own 96.18% of the company’s stock.

In related news, CFO Theodore Blegen sold 1,041 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $146.22, for a total transaction of $152,215.02. Following the sale, the chief financial officer now owns 89,112 shares of the company’s stock, valued at $13,029,956.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James C. Moyer sold 19,000 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $150.72, for a total value of $2,863,680.00. Following the sale, the director now directly owns 418,260 shares in the company, valued at approximately $63,040,147.20. The disclosure for this sale can be found here. Insiders have sold a total of 242,959 shares of company stock worth $36,758,293 in the last three months. Corporate insiders own 3.00% of the company’s stock.

A number of analysts have weighed in on the company. Stifel Nicolaus increased their target price on Monolithic Power Systems from $172.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. ValuEngine lowered Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub downgraded Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, Loop Capital set a $180.00 price target on Monolithic Power Systems and gave the stock a “buy” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $154.43.

MPWR opened at $138.13 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $101.99 and a 12-month high of $163.21. The business’s fifty day simple moving average is $152.85 and its 200-day simple moving average is $142.76. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 57.79, a PEG ratio of 2.25 and a beta of 1.61.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, September 27th. Monolithic Power Systems’s payout ratio is 66.95%.

Monolithic Power Systems 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.

Recommended Story: Different Options Trading Strategies

Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR).

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

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.