Clinton Group Inc. trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 36.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,283 shares of the semiconductor company’s stock after selling 3,070 shares during the period. Clinton Group Inc.’s holdings in Monolithic Power Systems were worth $509,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Monolithic Power Systems by 25,140.6% in the 1st quarter. BlackRock Inc. now owns 4,186,655 shares of the semiconductor company’s stock valued at $385,591,000 after purchasing an additional 4,170,068 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Monolithic Power Systems by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,118,538 shares of the semiconductor company’s stock valued at $300,627,000 after purchasing an additional 85,754 shares in the last quarter. State Street Corp lifted its holdings in Monolithic Power Systems by 4.2% in the 1st quarter. State Street Corp now owns 1,314,548 shares of the semiconductor company’s stock valued at $121,061,000 after purchasing an additional 52,796 shares in the last quarter. Frontier Capital Management Co. LLC lifted its holdings in Monolithic Power Systems by 98.6% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,162,553 shares of the semiconductor company’s stock valued at $112,070,000 after purchasing an additional 577,248 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Monolithic Power Systems by 1.9% in the 2nd quarter. Victory Capital Management Inc. now owns 825,488 shares of the semiconductor company’s stock valued at $79,577,000 after purchasing an additional 15,645 shares in the last quarter. Institutional investors own 93.19% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://www.watchlistnews.com/clinton-group-inc-sells-3070-shares-of-monolithic-power-systems-inc-mpwr/1617686.html.

In other news, CEO Michael Hsing sold 19,766 shares of Monolithic Power Systems stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $101.96, for a total transaction of $2,015,341.36. Following the completion of the sale, the chief executive officer now directly owns 1,174,800 shares in the company, valued at approximately $119,782,608. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James C. Moyer sold 15,000 shares of Monolithic Power Systems stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $105.20, for a total value of $1,578,000.00. Following the sale, the director now owns 761,201 shares of the company’s stock, valued at $80,078,345.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 112,819 shares of company stock worth $11,472,966. Company insiders own 4.00% of the company’s stock.

A number of research analysts have issued reports on MPWR shares. Zacks Investment Research lowered shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Pacific Crest restated an “overweight” rating and issued a $110.00 target price on shares of Monolithic Power Systems in a report on Wednesday, June 21st. KeyCorp restated a “buy” rating and issued a $115.00 target price on shares of Monolithic Power Systems in a report on Friday, September 1st. Stifel Nicolaus reiterated a “buy” rating and set a $117.00 price objective on shares of Monolithic Power Systems in a report on Sunday, September 3rd. Finally, BidaskClub lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $114.14.

Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at 108.63 on Friday. The stock’s 50 day moving average is $102.74 and its 200 day moving average is $98.34. Monolithic Power Systems, Inc. has a one year low of $75.04 and a one year high of $108.89. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 76.61 and a beta of 1.26.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Monolithic Power Systems had a return on equity of 14.10% and a net margin of 14.30%. The company had revenue of $112.20 million for the quarter, compared to analysts’ expectations of $110.94 million. During the same quarter in the previous year, the business posted $0.54 EPS. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post $2.87 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.80 annualized dividend and a yield of 0.74%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.74%.

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.

Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR).

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

Receive News & Ratings for Monolithic Power Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.