Monolithic Power Systems, Inc. (MPWR) Holdings Trimmed by Westpac Banking Corp

Westpac Banking Corp lowered its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,000 shares of the semiconductor company’s stock after selling 1,000 shares during the period. Westpac Banking Corp owned approximately 0.14% of Monolithic Power Systems worth $6,180,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MPWR. Crossmark Global Holdings Inc. acquired a new position in shares of Monolithic Power Systems during the 3rd quarter valued at $554,000. Pictet Asset Management Ltd. increased its position in shares of Monolithic Power Systems by 10.4% during the 3rd quarter. Pictet Asset Management Ltd. now owns 245,153 shares of the semiconductor company’s stock valued at $26,121,000 after purchasing an additional 23,037 shares during the period. Aperio Group LLC increased its position in shares of Monolithic Power Systems by 8.4% during the 3rd quarter. Aperio Group LLC now owns 17,790 shares of the semiconductor company’s stock valued at $1,896,000 after purchasing an additional 1,386 shares during the period. Nationwide Fund Advisors increased its position in shares of Monolithic Power Systems by 1.4% during the 3rd quarter. Nationwide Fund Advisors now owns 266,807 shares of the semiconductor company’s stock valued at $28,428,000 after purchasing an additional 3,813 shares during the period. Finally, Whittier Trust Co. increased its position in shares of Monolithic Power Systems by 1.4% during the 3rd quarter. Whittier Trust Co. now owns 41,262 shares of the semiconductor company’s stock valued at $4,396,000 after purchasing an additional 584 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

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Monolithic Power Systems, Inc. (NASDAQ:MPWR) opened at $122.15 on Friday. The stock has a market capitalization of $5,070.20, a price-to-earnings ratio of 74.03, a P/E/G ratio of 3.78 and a beta of 1.28. Monolithic Power Systems, Inc. has a 1-year low of $75.08 and a 1-year high of $122.94.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.02. The business had revenue of $128.90 million for the quarter, compared to analysts’ expectations of $126.11 million. Monolithic Power Systems had a return on equity of 15.40% and a net margin of 15.66%. The company’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 EPS. research analysts forecast that Monolithic Power Systems, Inc. will post 1.8 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a $0.20 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.65%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.69%.

In other news, VP Saria Tseng sold 5,606 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $101.94, for a total value of $571,475.64. Following the completion of the sale, the vice president now owns 285,136 shares of the company’s stock, valued at $29,066,763.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Hsing sold 19,766 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $101.96, for a total value of $2,015,341.36. Following the completion of the sale, the chief executive officer now directly owns 1,174,800 shares of the company’s stock, valued at approximately $119,782,608. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,991 shares of company stock valued at $9,305,004. 4.00% of the stock is currently owned by insiders.

Several equities analysts have recently issued reports on MPWR shares. Needham & Company LLC reiterated a “buy” rating and set a $140.00 price target (up from $100.00) on shares of Monolithic Power Systems in a research report on Thursday, July 27th. SunTrust Banks, Inc. started coverage on Monolithic Power Systems in a research report on Tuesday, October 10th. They set a “buy” rating and a $132.00 price target on the stock. Deutsche Bank AG lifted their price target on Monolithic Power Systems from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. BidaskClub upgraded Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Finally, Zacks Investment Research cut Monolithic Power Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $124.78.

Monolithic Power Systems Profile

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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