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 0.87% during the most recent quarter end. The investment management company now holds a total of 2,096,154 shares of Monolithic Power Systems which is valued at $128.8 Million after selling 18,494 shares in Monolithic Power Systems , the firm said in a disclosure report filed with the SEC on May 11, 2016.Monolithic Power Systems makes up approximately 1.28% of Rs Investment Management Co’s portfolio.

Other Hedge Funds, Including , Amalgamated Bank boosted its stake in MPWR in the latest quarter, The investment management firm added 362 additional shares and now holds a total of 4,163 shares of Monolithic Power Systems which is valued at $255,816. Monolithic Power Systems makes up approx 0.03% of Amalgamated Bank’s portfolio.Swiss National Bank boosted its stake in MPWR in the latest quarter, The investment management firm added 12,200 additional shares and now holds a total of 61,800 shares of Monolithic Power Systems which is valued at $3.9 Million. Monolithic Power Systems makes up approx 0.01% of Swiss National Bank’s portfolio.State Of Wisconsin Investment Board reduced its stake in MPWR by selling 62,821 shares or 12.95% in the most recent quarter. The Hedge Fund company now holds 422,410 shares of MPWR which is valued at $26.4 Million. Monolithic Power Systems makes up approx 0.10% of State Of Wisconsin Investment Board’s portfolio.California Public Employees Retirement System boosted its stake in MPWR in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 152,700 shares of Monolithic Power Systems which is valued at $9.5 Million. Monolithic Power Systems makes up approx 0.02% of California Public Employees Retirement System’s portfolio. Nisa Investment Advisors L.l.c. added MPWR to its portfolio by purchasing 400 company shares during the most recent quarter which is valued at $24,968.

Monolithic Power Systems opened for trading at $61.67 and hit $63.59 on the upside on Monday, eventually ending the session at $62.86, with a gain of 2.29% or 1.41 points. The heightened volatility saw the trading volume jump to 2,97,657 shares. Company has a market cap of $2,533 M.

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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