First Mercantile Trust Co. Cuts Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

First Mercantile Trust Co. reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 32.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,388 shares of the semiconductor company’s stock after selling 2,603 shares during the quarter. First Mercantile Trust Co.’s holdings in Monolithic Power Systems were worth $839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pearl River Capital LLC bought a new position in shares of Monolithic Power Systems during the 2nd quarter valued at approximately $25,000. Squar Milner Financial Services LLC boosted its position in shares of Monolithic Power Systems by 351.2% during the 3rd quarter. Squar Milner Financial Services LLC now owns 185 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 144 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of Monolithic Power Systems during the 2nd quarter valued at approximately $33,000. Point72 Asset Management L.P. bought a new position in shares of Monolithic Power Systems during the 2nd quarter valued at approximately $41,000. Finally, Advisory Services Network LLC boosted its position in shares of Monolithic Power Systems by 36.4% during the 2nd quarter. Advisory Services Network LLC now owns 431 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 115 shares during the last quarter. 96.28% of the stock is owned by institutional investors and hedge funds.

In other news, VP Saria Tseng sold 2,948 shares of Monolithic Power Systems stock in a transaction on Monday, November 4th. The stock was sold at an average price of $159.63, for a total transaction of $470,589.24. Following the completion of the sale, the vice president now directly owns 323,768 shares in the company, valued at $51,683,085.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Deming Xiao sold 7,752 shares of Monolithic Power Systems stock in a transaction on Friday, August 9th. The stock was sold at an average price of $150.44, for a total value of $1,166,210.88. Following the sale, the insider now owns 346,491 shares of the company’s stock, valued at $52,126,106.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,820 shares of company stock valued at $32,157,363. 3.00% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on MPWR shares. BidaskClub upgraded Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Stifel Nicolaus increased their target price on Monolithic Power Systems from $172.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Loop Capital set a $180.00 target price on Monolithic Power Systems and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, ValuEngine downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $153.20.

MPWR traded up $1.83 during trading on Thursday, reaching $161.98. The company had a trading volume of 307 shares, compared to its average volume of 548,012. The stock has a market cap of $7.00 billion, a P/E ratio of 67.82, a PEG ratio of 2.82 and a beta of 1.60. The business has a 50 day simple moving average of $150.67 and a 200-day simple moving average of $143.36. Monolithic Power Systems, Inc. has a 52 week low of $106.50 and a 52 week high of $164.82.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.02. The company had revenue of $168.80 million during the quarter, compared to the consensus estimate of $165.00 million. Monolithic Power Systems had a return on equity of 15.23% and a net margin of 16.93%. Monolithic Power Systems’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $1.06 earnings per share. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 2.28 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Monolithic Power Systems’s dividend payout ratio is presently 66.95%.

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.

Featured Story: Percentage Decliners

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.