Campbell & CO Investment Adviser LLC purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,486 shares of the semiconductor company’s stock, valued at approximately $1,016,000. Monolithic Power Systems makes up 0.5% of Campbell & CO Investment Adviser LLC’s portfolio, making the stock its 21st biggest holding.

A number of other institutional investors have also modified their holdings of the business. Suntrust Banks Inc. raised its position in Monolithic Power Systems by 3.9% in the fourth quarter. Suntrust Banks Inc. now owns 2,425 shares of the semiconductor company’s stock worth $282,000 after acquiring an additional 91 shares in the last quarter. Connable Office Inc. raised its position in Monolithic Power Systems by 3.2% in the first quarter. Connable Office Inc. now owns 2,898 shares of the semiconductor company’s stock worth $393,000 after acquiring an additional 91 shares in the last quarter. Campbell Newman Asset Management Inc. raised its position in Monolithic Power Systems by 2.4% in the first quarter. Campbell Newman Asset Management Inc. now owns 3,912 shares of the semiconductor company’s stock worth $530,000 after acquiring an additional 92 shares in the last quarter. MML Investors Services LLC raised its position in Monolithic Power Systems by 2.8% in the fourth quarter. MML Investors Services LLC now owns 3,885 shares of the semiconductor company’s stock worth $452,000 after acquiring an additional 104 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Monolithic Power Systems by 1.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,956 shares of the semiconductor company’s stock worth $942,000 after acquiring an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.

NASDAQ MPWR traded up $1.38 on Tuesday, hitting $146.69. 230,435 shares of the company were exchanged, compared to its average volume of 307,496. The company’s 50 day moving average price is $134.35. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 61.38, a P/E/G ratio of 2.22 and a beta of 1.68. Monolithic Power Systems, Inc. has a twelve month low of $101.99 and a twelve month high of $161.22.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.84. The firm had revenue of $141.40 million for the quarter, compared to the consensus estimate of $141.11 million. Monolithic Power Systems had a return on equity of 17.99% and a net margin of 18.43%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 EPS. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 2.61 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.60 annualized dividend and a yield of 1.09%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 66.95%.

In other Monolithic Power Systems news, CEO Michael Hsing sold 10,354 shares of Monolithic Power Systems stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $144.49, for a total transaction of $1,496,049.46. Following the transaction, the chief executive officer now owns 1,107,038 shares of the company’s stock, valued at approximately $159,955,920.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Theodore Blegen sold 1,041 shares of Monolithic Power Systems stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $146.22, for a total value of $152,215.02. Following the transaction, the chief financial officer now directly owns 89,112 shares in the company, valued at approximately $13,029,956.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 174,856 shares of company stock worth $23,599,416. Company insiders own 3.00% of the company’s stock.

Several equities research analysts have commented on the stock. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Loop Capital restated a “hold” rating and set a $76.00 price objective on shares of Power Integrations in a report on Tuesday, June 18th. Zacks Investment Research downgraded Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Needham & Company LLC restated a “buy” rating and set a $200.00 price objective (up previously from $140.00) on shares of Universal Display in a report on Friday, May 3rd. Finally, BidaskClub upgraded Zillow Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $147.14.

Monolithic Power Systems Company 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.

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

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