Nichols Asset Management Lowers stake in MONOLITHIC POWER SYSTEMS INC COM (MPWR)

MONOLITHIC POWER SYSTEMS INC COM (MPWR) : Nichols Asset Management reduced its stake in MONOLITHIC POWER SYSTEMS INC COM by 0.82% during the most recent quarter end. The investment management company now holds a total of 191,697 shares of MONOLITHIC POWER SYSTEMS INC COM which is valued at $12,305,030 after selling 1,583 shares in MONOLITHIC POWER SYSTEMS INC COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.MONOLITHIC POWER SYSTEMS INC COM makes up approximately 2.65% of Nichols Asset Management’s portfolio.

MONOLITHIC POWER SYSTEMS INC COM opened for trading at $64.68 and hit $66.24 on the upside on Wednesday, eventually ending the session at $65.36, with a gain of 0.65% or 0.42 points. The heightened volatility saw the trading volume jump to 2,04,886 shares. Company has a market cap of $2,627 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in MPWR during the most recent quarter. The investment firm sold 4,300 shares of MPWR which is valued $276,017.Simplex Trading boosted its stake in MPWR in the latest quarter, The investment management firm added 444 additional shares and now holds a total of 1,856 shares of MONOLITHIC POWER SYSTEMS INC COM which is valued at $120,065. MONOLITHIC POWER SYSTEMS INC COM makes up approx 0.02% of Simplex Trading’s portfolio.Sit Investment Associates Inc boosted its stake in MPWR in the latest quarter, The investment management firm added 11,175 additional shares and now holds a total of 13,225 shares of MONOLITHIC POWER SYSTEMS INC COM which is valued at $855,525. MONOLITHIC POWER SYSTEMS INC COM makes up approx 0.02% of Sit Investment Associates Inc’s portfolio.Capital Impact Advisors boosted its stake in MPWR in the latest quarter, The investment management firm added 1,717 additional shares and now holds a total of 13,207 shares of MONOLITHIC POWER SYSTEMS INC COM which is valued at $854,361. MONOLITHIC POWER SYSTEMS INC COM makes up approx 0.40% of Capital Impact Advisors’s portfolio.

On the company’s financial health, MONOLITHIC POWER SYSTEMS INC COM reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $0.49. The company had revenue of $86.90 million for the quarter, compared to analysts expectations of $85.78 million. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 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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