Cavalry Management Group buys $5.9 Million stake in Monolithic Power Systems (MPWR)

Monolithic Power Systems (MPWR) : Cavalry Management Group scooped up 20,765 additional shares in Monolithic Power Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 95,599 shares of Monolithic Power Systems which is valued at $5.9 Million.Monolithic Power Systems makes up approximately 8.89% of Cavalry Management Group’s portfolio.

Other Hedge Funds, Including , Turner Investments reduced its stake in MPWR by selling 17,200 shares or 19.18% in the most recent quarter. The Hedge Fund company now holds 72,460 shares of MPWR which is valued at $4.5 Million. Monolithic Power Systems makes up approx 1.23% of Turner Investments’s portfolio.Zevenbergen Capital Investments boosted its stake in MPWR in the latest quarter, The investment management firm added 178,185 additional shares and now holds a total of 383,880 shares of Monolithic Power Systems which is valued at $23.6 Million. Monolithic Power Systems makes up approx 1.11% of Zevenbergen Capital Investments’s portfolio. Blackrock Japan Ltd sold out all of its stake in MPWR during the most recent quarter. The investment firm sold 584 shares of MPWR which is valued $35,887.Manufacturers Life Insurance Company The reduced its stake in MPWR by selling 44,212 shares or 52.16% in the most recent quarter. The Hedge Fund company now holds 40,556 shares of MPWR which is valued at $2.5 Million.

Monolithic Power Systems (MPWR) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $67.52 and reached the intraday high at $67.85. The bulls started the profit booking and pushed the shares to intraday low of $66.54. The trading session was marked by a volume range of 2,54,375 shares exchanging hands. The 52-week high of the shares is $69.25 and the 52-week low is $40.752. The market cap of the company stands at $2,695 M and there are 4,02,91,092 shares in public circulation.

On the company’s financial health, Monolithic Power Systems reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.44. The company had revenue of $84.50 million for the quarter, compared to analysts expectations of $82.99 million. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Many Wall Street Analysts have commented on Monolithic Power Systems. 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.

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