HL Financial Services LLC boosted its stake in Monolithic Power Systems Inc. (NASDAQ:MPWR) by 8.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,297 shares of the company’s stock after buying an additional 3,421 shares during the period. HL Financial Services LLC’s holdings in Monolithic Power Systems were worth $2,890,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Monolithic Power Systems by 24.2% in the first quarter. BlackRock Inc. now owns 2,569 shares of the company’s stock worth $164,000 after buying an additional 501 shares during the period. Rafferty Asset Management LLC acquired a new stake in Monolithic Power Systems during the first quarter valued at approximately $229,000. Moody Aldrich Partners LLC acquired a new stake in Monolithic Power Systems during the first quarter valued at approximately $313,000. Envestnet Asset Management Inc. increased its stake in Monolithic Power Systems by 18.0% in the first quarter. Envestnet Asset Management Inc. now owns 4,974 shares of the company’s stock valued at $317,000 after buying an additional 757 shares during the period. Finally, AMP Capital Investors Ltd acquired a new stake in Monolithic Power Systems during the first quarter valued at approximately $319,000. Hedge funds and other institutional investors own 97.67% of the company’s stock.

Monolithic Power Systems Inc. (NASDAQ:MPWR) traded up 1.16% on Wednesday, hitting $76.45. 208,267 shares of the company traded hands. The firm has a market capitalization of $3.10 billion, a PE ratio of 73.58 and a beta of 1.58. The firm’s 50 day moving average price is $74.97 and its 200 day moving average price is $68.14. Monolithic Power Systems Inc. has a 1-year low of $47.94 and a 1-year high of $78.45.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Monday, July 25th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.54. The business earned $94.10 million during the quarter, compared to the consensus estimate of $93.08 million. Monolithic Power Systems had a return on equity of 12.49% and a net margin of 12.08%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. Equities research analysts predict that Monolithic Power Systems Inc. will post $2.26 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.05%. Monolithic Power Systems’s dividend payout ratio is currently 76.92%.

MPWR has been the topic of several recent research reports. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Monolithic Power Systems in a report on Monday, June 6th. Stifel Nicolaus upped their price objective on shares of Monolithic Power Systems from $75.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, July 14th. Zacks Investment Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a report on Monday, September 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $76.00 price objective (up from $68.00) on shares of Monolithic Power Systems in a report on Wednesday, July 27th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $73.63.

In other news, VP Saria Tseng sold 6,320 shares of Monolithic Power Systems stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $72.66, for a total transaction of $459,211.20. Following the transaction, the vice president now directly owns 280,056 shares of the company’s stock, valued at approximately $20,348,868.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Hsing sold 21,094 shares of Monolithic Power Systems stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $72.66, for a total value of $1,532,690.04. Following the transaction, the chief executive officer now directly owns 1,208,497 shares in the company, valued at $87,809,392.02. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company provides power solutions for systems found in industrial applications, telecommunication infrastructures, cloud computing, automotive and consumer applications.

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