Cavalry Management Group Lowers stake in Monolithic Power Systems (MPWR)

Monolithic Power Systems (MPWR) : Cavalry Management Group reduced its stake in Monolithic Power Systems by 9.57% during the most recent quarter end. The investment management company now holds a total of 86,453 shares of Monolithic Power Systems which is valued at $6,358,618 after selling 9,146 shares in Monolithic Power Systems , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Monolithic Power Systems makes up approximately 6.29% of Cavalry Management Group’s portfolio.

Other Hedge Funds, Including , Loomis Sayles Co L P reduced its stake in MPWR by selling 11,536 shares or 3.04% in the most recent quarter. The Hedge Fund company now holds 368,051 shares of MPWR which is valued at $27,070,151. Monolithic Power Systems makes up approx 0.07% of Loomis Sayles Co L P’s portfolio. Mesirow Financial Investment Management – Equity Management added MPWR to its portfolio by purchasing 234,796 company shares during the most recent quarter which is valued at $17,226,983. Monolithic Power Systems makes up approx 0.98% of Mesirow Financial Investment Management – Equity Management’s portfolio.Insight Capital Research Management Inc reduced its stake in MPWR by selling 23,592 shares or 31.06% in the most recent quarter. The Hedge Fund company now holds 52,362 shares of MPWR which is valued at $3,871,646. Monolithic Power Systems makes up approx 1.29% of Insight Capital Research Management Inc’s portfolio. Summit Creek Advisors added MPWR to its portfolio by purchasing 196,824 company shares during the most recent quarter which is valued at $14,187,074. Monolithic Power Systems makes up approx 2.30% of Summit Creek Advisors’s portfolio.Capstone Asset Management Co boosted its stake in MPWR in the latest quarter, The investment management firm added 1,280 additional shares and now holds a total of 13,436 shares of Monolithic Power Systems which is valued at $944,954. Monolithic Power Systems makes up approx 0.03% of Capstone Asset Management Co’s portfolio.

Monolithic Power Systems closed down -0.52 points or -0.68% at $76.17 with 2,38,975 shares getting traded on Monday. Post opening the session at $76.63, the shares hit an intraday low of $76.09 and an intraday high of $77.1 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Monolithic Power Systems reported $0.54 EPS for the quarter, based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus estimate of $0.54. The company had revenue of $94.08 million for the quarter, compared to analysts expectations of $93.08 million. The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Many Wall Street Analysts have commented on Monolithic Power Systems. Company shares were Reiterated by Stifel on Jul 14, 2016 to “Buy”, Firm has raised the Price Target to $ 81 from a previous price target of $75 .

Monolithic Power Systems Inc. provides integrated power solutions. The Company provides power solutions for systems found in industrial applications telecom infrastructures cloud computing automotive and consumer applications. MPS can be contacted through its Website at www.monolithicpower.com or its support offices around the world. The Company is headquartered in San Jose California.

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