Thrivent Financial For Lutherans Has $16.89 Million Position in Monolithic Power Systems, Inc. (MPWR)

Thrivent Financial For Lutherans decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 41.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 175,199 shares of the semiconductor company’s stock after selling 125,250 shares during the period. Thrivent Financial For Lutherans owned about 0.42% of Monolithic Power Systems worth $16,889,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlueMountain Capital Management LLC increased its stake in Monolithic Power Systems by 22.8% during the 2nd quarter. BlueMountain Capital Management LLC now owns 11,326 shares of the semiconductor company’s stock worth $1,092,000 after buying an additional 2,104 shares during the period. Amalgamated Bank increased its stake in Monolithic Power Systems by 7.3% during the 2nd quarter. Amalgamated Bank now owns 5,717 shares of the semiconductor company’s stock worth $551,000 after buying an additional 387 shares during the period. Nationwide Fund Advisors increased its stake in Monolithic Power Systems by 24.7% during the 2nd quarter. Nationwide Fund Advisors now owns 262,994 shares of the semiconductor company’s stock worth $25,353,000 after buying an additional 52,088 shares during the period. TIAA CREF Investment Management LLC increased its stake in Monolithic Power Systems by 0.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 187,428 shares of the semiconductor company’s stock worth $18,068,000 after buying an additional 770 shares during the period. Finally, Teachers Advisors LLC increased its stake in Monolithic Power Systems by 2.9% during the 2nd quarter. Teachers Advisors LLC now owns 207,845 shares of the semiconductor company’s stock worth $20,036,000 after buying an additional 5,834 shares during the period. 93.19% of the stock is currently owned by hedge funds and other institutional investors.

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Several research firms recently issued reports on MPWR. Zacks Investment Research raised shares of Monolithic Power Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $117.00 price target on shares of Monolithic Power Systems in a research note on Sunday, September 3rd. KeyCorp reaffirmed a “buy” rating and set a $115.00 price target on shares of Monolithic Power Systems in a research note on Friday, September 1st. BidaskClub downgraded shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 price target (up previously from $100.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. 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. Monolithic Power Systems currently has an average rating of “Buy” and an average price target of $112.63.

Monolithic Power Systems, Inc. (MPWR) opened at 103.47 on Wednesday. Monolithic Power Systems, Inc. has a one year low of $75.04 and a one year high of $107.87. The firm’s 50-day moving average is $101.27 and its 200 day moving average is $97.05. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 72.97 and a beta of 1.22.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.77%. The ex-dividend date is Thursday, September 28th. Monolithic Power Systems’s payout ratio is currently 56.74%.

In related news, Director James C. Moyer sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $105.20, for a total transaction of $1,578,000.00. Following the completion of the transaction, the director now directly owns 761,201 shares in the company, valued at approximately $80,078,345.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James C. Moyer sold 2,000 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $95.41, for a total transaction of $190,820.00. Following the transaction, the director now owns 805,758 shares of the company’s stock, valued at $76,877,370.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,423 shares of company stock valued at $12,119,582. Corporate insiders own 4.00% of the company’s stock.

Monolithic Power Systems 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.

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

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