Emerald Mutual Fund Advisers Trust purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 98,980 shares of the semiconductor company’s stock, valued at approximately $10,546,000. Emerald Mutual Fund Advisers Trust owned approximately 0.24% of Monolithic Power Systems as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Monolithic Power Systems in the 2nd quarter valued at about $121,000. D.A. Davidson & CO. raised its holdings in shares of Monolithic Power Systems by 13.2% in the 2nd quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock valued at $141,000 after acquiring an additional 172 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Monolithic Power Systems by 115.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $150,000 after acquiring an additional 832 shares in the last quarter. Fortaleza Asset Management Inc. raised its holdings in shares of Monolithic Power Systems by 50.2% in the 2nd quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock valued at $185,000 after acquiring an additional 640 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Monolithic Power Systems in the 1st quarter valued at about $202,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $140.00 price objective on the stock in a research report on Thursday. Oppenheimer Holdings, Inc. increased their price objective on Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. KeyCorp reiterated a “buy” rating and set a $125.00 price objective on shares of Monolithic Power Systems in a research report on Friday, October 27th. Stifel Nicolaus increased their price objective on Monolithic Power Systems from $117.00 to $126.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Deutsche Bank AG increased their price objective 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. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $124.78.

In other Monolithic Power Systems news, CFO Theodore Blegen sold 459 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $101.42, for a total transaction of $46,551.78. Following the sale, the chief financial officer now directly owns 41,445 shares in the company, valued at $4,203,351.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James C. Moyer sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $108.40, for a total value of $1,626,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,991 shares of company stock worth $9,305,004. Company insiders own 4.00% of the company’s stock.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. Monolithic Power Systems had a return on equity of 15.40% and a net margin of 15.66%. The business had revenue of $128.90 million for the quarter, compared to the consensus estimate of $126.11 million. During the same period in the prior year, the business posted $0.66 earnings per share. The company’s quarterly revenue was up 21.0% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.80 dividend on an annualized basis and a yield of 0.67%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.69%.

COPYRIGHT VIOLATION WARNING: This piece of content was published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright legislation. The original version of this piece of content can be accessed at https://www.watchlistnews.com/emerald-mutual-fund-advisers-trust-purchases-new-holdings-in-monolithic-power-systems-inc-mpwr/1675732.html.

Monolithic Power Systems Company 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.

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.