UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Holdings in Monolithic Power Systems, Inc. $MPWR

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 292,368 shares of the semiconductor company’s stock after selling 9,837 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Monolithic Power Systems were worth $404,158,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Royal Fund Management LLC raised its stake in Monolithic Power Systems by 2.7% in the first quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company’s stock valued at $289,000 after purchasing an additional 7 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 9 shares during the last quarter. Bell Investment Advisors Inc boosted its stake in shares of Monolithic Power Systems by 23.7% in the 1st quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 9 shares in the last quarter. CENTRAL TRUST Co boosted its stake in shares of Monolithic Power Systems by 1.4% in the 1st quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock valued at $766,000 after purchasing an additional 10 shares in the last quarter. Finally, KCM Investment Advisors LLC grew its holdings in shares of Monolithic Power Systems by 2.2% during the 1st quarter. KCM Investment Advisors LLC now owns 467 shares of the semiconductor company’s stock valued at $511,000 after purchasing an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 50 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the sale, the director directly owned 515 shares of the company’s stock, valued at $660,008.55. This represents a 8.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the transaction, the executive vice president owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 160 shares of company stock worth $215,945. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the topic of a number of analyst reports. Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. Arete Research set a $2,013.00 price objective on Monolithic Power Systems and gave the stock a “buy” rating in a report on Thursday, August 20th. KeyCorp boosted their target price on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Wall Street Zen upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,731.42.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $1,256.26 on Monday. The firm’s fifty day simple moving average is $1,348.06 and its 200 day simple moving average is $1,351.24. The stock has a market cap of $61.73 billion, a P/E ratio of 77.02 and a beta of 1.69. Monolithic Power Systems, Inc. has a twelve month low of $800.97 and a twelve month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping the consensus estimate of $5.87 by $0.63. The firm had revenue of $980.64 million during the quarter, compared to analysts’ expectations of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The company’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same period last year, the company posted $4.21 EPS. On average, analysts expect that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $2.00 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is 49.05%.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.