Numeric Investors LLC Trims Stake in Monolithic Power Systems, Inc. (MPWR)

Numeric Investors LLC trimmed its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,100 shares of the semiconductor company’s stock after selling 400 shares during the period. Numeric Investors LLC’s holdings in Monolithic Power Systems were worth $781,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of Monolithic Power Systems during the 2nd quarter worth approximately $121,000. D.A. Davidson & CO. raised its position in shares of Monolithic Power Systems by 13.2% during the 2nd quarter. D.A. Davidson & CO. now owns 1,473 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 172 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Monolithic Power Systems by 115.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,552 shares of the semiconductor company’s stock worth $150,000 after purchasing an additional 832 shares during the last quarter. Fortaleza Asset Management Inc. raised its position in shares of Monolithic Power Systems by 50.2% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 1,915 shares of the semiconductor company’s stock worth $185,000 after purchasing an additional 640 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its position in shares of Monolithic Power Systems by 74.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,097 shares of the semiconductor company’s stock worth $202,000 after purchasing an additional 897 shares during the last quarter. Institutional investors own 93.19% of the company’s stock.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The company had revenue of $112.20 million during the quarter, compared to the consensus estimate of $110.94 million. During the same quarter in the prior year, the firm earned $0.54 EPS. The company’s revenue was up 19.3% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a $0.20 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.80 dividend on an annualized basis and a yield of 0.71%. Monolithic Power Systems’s payout ratio is 56.74%.

Several research analysts recently issued reports on MPWR shares. Zacks Investment Research downgraded Monolithic Power Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Pacific Crest restated an “overweight” rating and set a $110.00 price objective on shares of Monolithic Power Systems in a research report on Wednesday, June 21st. KeyCorp restated a “buy” rating and set a $115.00 price objective on shares of Monolithic Power Systems in a research report on Friday, September 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $117.00 price target on shares of Monolithic Power Systems in a report on Sunday, September 3rd. Finally, BidaskClub downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Monolithic Power Systems has a consensus rating of “Buy” and a consensus target price of $116.38.

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In other news, Director James C. Moyer sold 15,000 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $108.40, for a total transaction of $1,626,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Maurice Sciammas sold 1,693 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $104.09, for a total transaction of $176,224.37. Following the transaction, the vice president now owns 367,695 shares in the company, valued at approximately $38,273,372.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 112,819 shares of company stock valued at $11,634,216. Insiders own 4.00% 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 operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

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

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