First Mercantile Trust Co buys $1,468,219 stake in Monolithic Power Systems (MPWR)

Monolithic Power Systems (MPWR) : First Mercantile Trust Co scooped up 594 additional shares in Monolithic Power Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 18,291 shares of Monolithic Power Systems which is valued at $1,468,219.Monolithic Power Systems makes up approximately 0.20% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Simplex Trading boosted its stake in MPWR in the latest quarter, The investment management firm added 2,420 additional shares and now holds a total of 2,754 shares of Monolithic Power Systems which is valued at $221,064. Monolithic Power Systems makes up approx 0.03% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in MPWR by selling 4,950 shares or 42.4% in the most recent quarter. The Hedge Fund company now holds 6,725 shares of MPWR which is valued at $538,135.

Monolithic Power Systems closed down -0.04 points or -0.05% at $80.27 with 1,81,227 shares getting traded on Friday. Post opening the session at $80.2, the shares hit an intraday low of $79.01 and an intraday high of $80.45 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 .

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 or its support offices around the world. The Company is headquartered in San Jose California.

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