Rs Investment Management Co Lowers stake in Monolithic Power Systems (MPWR)

Monolithic Power Systems (MPWR) : Rs Investment Management Co reduced its stake in Monolithic Power Systems by 7.32% during the most recent quarter end. The investment management company now holds a total of 1,942,637 shares of Monolithic Power Systems which is valued at $143,638,580 after selling 153,517 shares in Monolithic Power Systems , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Monolithic Power Systems makes up approximately 1.40% of Rs Investment Management Co’s portfolio.

Other Hedge Funds, Including , K.j. Harrison Partners Inc boosted its stake in MPWR in the latest quarter, The investment management firm added 4,000 additional shares and now holds a total of 9,000 shares of Monolithic Power Systems which is valued at $665,460. Monolithic Power Systems makes up approx 0.35% of K.j. Harrison Partners Inc’s portfolio.Eagle Asset Management Inc boosted its stake in MPWR in the latest quarter, The investment management firm added 8,328 additional shares and now holds a total of 71,224 shares of Monolithic Power Systems which is valued at $5,150,207. Monolithic Power Systems makes up approx 0.03% of Eagle Asset Management Inc’s portfolio.Simplex Trading reduced its stake in MPWR by selling 1,522 shares or 82.0% in the most recent quarter. The Hedge Fund company now holds 334 shares of MPWR which is valued at $24,152.

Monolithic Power Systems closed down -0.55 points or -0.75% at $72.72 with 4,30,012 shares getting traded on Friday. Post opening the session at $73.28, the shares hit an intraday low of $72.07 and an intraday high of $73.58 and the price fluctuated in this range throughout the day.Shares ended Friday 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 .Company shares were Reiterated by Stifel on May 3, 2016 to “Buy”, Firm has raised the Price Target to $ 72 from a previous price target of $68 .Company shares were Reiterated by Deutsche Bank on May 3, 2016 to “Buy”, Firm has raised the Price Target to $ 75 from a previous price target of $70 .

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Monolithic Power Systems - Is it time to Sell?

Top Brokerage Firms are advising their investors on Monolithic Power Systems. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.