Tygh Capital Management Inc. Buys New Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Tygh Capital Management Inc. bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the third quarter, according to its most recent filing with the SEC. The firm bought 30,940 shares of the semiconductor company’s stock, valued at approximately $4,815,000. Tygh Capital Management Inc. owned about 0.07% of Monolithic Power Systems at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Monolithic Power Systems by 4.0% in the 2nd quarter. BlackRock Inc. now owns 4,406,881 shares of the semiconductor company’s stock valued at $598,366,000 after buying an additional 168,988 shares during the last quarter. Vanguard Group Inc. grew its stake in Monolithic Power Systems by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 3,683,123 shares of the semiconductor company’s stock valued at $500,094,000 after buying an additional 105,831 shares during the last quarter. Wells Fargo & Company MN grew its stake in Monolithic Power Systems by 6.6% in the 2nd quarter. Wells Fargo & Company MN now owns 1,384,712 shares of the semiconductor company’s stock valued at $188,016,000 after buying an additional 86,100 shares during the last quarter. Waddell & Reed Financial Inc. grew its stake in Monolithic Power Systems by 0.9% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,186,682 shares of the semiconductor company’s stock valued at $161,128,000 after buying an additional 11,093 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Monolithic Power Systems by 91.4% in the 2nd quarter. Invesco Ltd. now owns 1,182,914 shares of the semiconductor company’s stock valued at $160,615,000 after buying an additional 564,907 shares during the last quarter. Institutional investors and hedge funds own 96.28% of the company’s stock.

NASDAQ MPWR traded down $1.14 during midday trading on Monday, hitting $163.90. The company had a trading volume of 230,125 shares, compared to its average volume of 326,558. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 68.58, a P/E/G ratio of 2.85 and a beta of 1.60. The firm has a fifty day simple moving average of $150.91 and a two-hundred day simple moving average of $143.45. Monolithic Power Systems, Inc. has a fifty-two week low of $106.50 and a fifty-two week high of $165.08.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 66.95%.

In other news, CFO Theodore Blegen sold 221 shares of Monolithic Power Systems stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $151.10, for a total transaction of $33,393.10. Following the sale, the chief financial officer now directly owns 102,646 shares in the company, valued at approximately $15,509,810.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James C. Moyer sold 10,000 shares of Monolithic Power Systems stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $145.52, for a total transaction of $1,455,200.00. Following the sale, the director now owns 457,260 shares in the company, valued at $66,540,475.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 175,946 shares of company stock worth $27,081,734. 3.00% of the stock is owned by company insiders.

Several analysts have issued reports on MPWR shares. BidaskClub upgraded shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 6th. ValuEngine lowered shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Loop Capital set a $180.00 price target on shares of Monolithic Power Systems and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Stifel Nicolaus raised their price target on shares of Monolithic Power Systems from $172.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $153.20.

Monolithic Power Systems 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: Cost of Goods Sold (COGS)

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.