Integrated Investment Consultants Lowers stake in Monolithic Power Systems (MPWR)

Monolithic Power Systems (MPWR) : Integrated Investment Consultants reduced its stake in Monolithic Power Systems by 2.09% during the most recent quarter end. The investment management company now holds a total of 3,273 shares of Monolithic Power Systems which is valued at $252,577 after selling 70 shares in Monolithic Power Systems , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Monolithic Power Systems makes up approximately 0.13% of Integrated Investment Consultants’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in MPWR in the latest quarter, The investment management firm added 2,137 additional shares and now holds a total of 10,224 shares of Monolithic Power Systems which is valued at $808,923.Capstone Asset Management Co reduced its stake in MPWR by selling 8,940 shares or 66.54% in the most recent quarter. The Hedge Fund company now holds 4,496 shares of MPWR which is valued at $355,724. Monolithic Power Systems makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Carroll Financial Associates sold out all of its stake in MPWR during the most recent quarter. The investment firm sold 8 shares of MPWR which is valued $644.First Mercantile Trust Co boosted its stake in MPWR in the latest quarter, The investment management firm added 594 additional shares and now holds a total of 18,291 shares of Monolithic Power Systems which is valued at $1,468,219. Monolithic Power Systems makes up approx 0.20% of First Mercantile Trust Co’s portfolio.

Monolithic Power Systems opened for trading at $77.48 and hit $78.38 on the upside on Friday, eventually ending the session at $77.17, with a gain of 0.35% or 0.27 points. The heightened volatility saw the trading volume jump to 1,57,882 shares. Company has a market cap of $3,125 M.

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.

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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