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Monolithic Power Systems, Inc. $MPWR Shares Acquired by DNB Asset Management AS
DNB Asset Management AS has increased its stake in Monolithic Power Systems (NASDAQ:MPWR) by 8.3%, now holding 27,147 shares valued at approximately $25 million. This comes as institutional investors own over 93% of the company, and Monolithic Power Systems recently reported strong quarterly earnings, beating expectations with $4.79 EPS and 20.8% year-over-year revenue growth. The company also raised its quarterly dividend to $2.00, despite significant insider selling in the last quarter.