Monolithic Power Systems, Inc. (MPWR) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,330 shares of the semiconductor company’s stock after selling 12 shares during the period. Amalgamated Bank’s holdings in Monolithic Power Systems were worth $491,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Monolithic Power Systems by 25,140.6% in the first quarter. BlackRock Inc. now owns 4,186,655 shares of the semiconductor company’s stock worth $385,591,000 after buying an additional 4,170,068 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Monolithic Power Systems by 5.4% in the first quarter. Vanguard Group Inc. now owns 3,032,784 shares of the semiconductor company’s stock worth $279,320,000 after buying an additional 155,052 shares during the last quarter. Congress Asset Management Co. MA increased its position in shares of Monolithic Power Systems by 11.5% in the first quarter. Congress Asset Management Co. MA now owns 719,050 shares of the semiconductor company’s stock worth $66,224,000 after buying an additional 73,974 shares during the last quarter. OppenheimerFunds Inc. increased its position in shares of Monolithic Power Systems by 4.9% in the first quarter. OppenheimerFunds Inc. now owns 530,169 shares of the semiconductor company’s stock worth $48,829,000 after buying an additional 24,794 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Monolithic Power Systems by 3.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 481,326 shares of the semiconductor company’s stock worth $44,330,000 after buying an additional 15,152 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

Monolithic Power Systems, Inc. (MPWR) opened at 98.03 on Monday. Monolithic Power Systems, Inc. has a 52 week low of $67.78 and a 52 week high of $103.92. The stock’s 50 day moving average price is $97.60 and its 200 day moving average price is $91.09. The firm has a market capitalization of $4.05 billion, a P/E ratio of 73.21 and a beta of 1.22.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.80 annualized dividend and a yield of 0.82%. Monolithic Power Systems’s dividend payout ratio is presently 60.15%.

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A number of research analysts have issued reports on MPWR shares. Pacific Crest reissued an “overweight” rating and issued a $110.00 price target on shares of Monolithic Power Systems in a report on Wednesday, June 21st. Zacks Investment Research raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Tuesday, May 2nd. Deutsche Bank AG reissued a “buy” rating and issued a $97.00 price target (up from $95.00) on shares of Monolithic Power Systems in a report on Friday, April 28th. Stifel Nicolaus decreased their price target on Monolithic Power Systems from $105.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday, April 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target (up from $94.00) on shares of Monolithic Power Systems in a report on Thursday, April 27th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $100.14.

In related news, CEO Michael Hsing sold 19,765 shares of Monolithic Power Systems stock in a transaction on Friday, May 5th. The stock was sold at an average price of $92.27, for a total transaction of $1,823,716.55. Following the completion of the transaction, the chief executive officer now directly owns 1,222,014 shares of the company’s stock, valued at $112,755,231.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James C. Moyer sold 2,000 shares of Monolithic Power Systems stock in a transaction on Monday, May 1st. The stock was sold at an average price of $91.36, for a total value of $182,720.00. Following the transaction, the director now directly owns 834,758 shares of the company’s stock, valued at $76,263,490.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,470 shares of company stock valued at $7,993,759. 4.00% of the stock is currently 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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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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