Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System reduced its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,508 shares of the semiconductor company’s stock after selling 175 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Monolithic Power Systems were worth $1,484,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Xponance Inc. grew its position in Monolithic Power Systems by 7.7% in the 4th quarter. Xponance Inc. now owns 11,737 shares of the semiconductor company’s stock valued at $6,945,000 after acquiring an additional 836 shares in the last quarter. OPTIMAS CAPITAL Ltd acquired a new position in Monolithic Power Systems in the 4th quarter valued at about $1,479,000. Generali Asset Management SPA SGR acquired a new position in Monolithic Power Systems in the 4th quarter valued at about $3,542,000. Thrivent Financial for Lutherans grew its position in Monolithic Power Systems by 8.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 35,976 shares of the semiconductor company’s stock valued at $21,323,000 after acquiring an additional 2,952 shares in the last quarter. Finally, Leelyn Smith LLC grew its position in Monolithic Power Systems by 11.4% in the 4th quarter. Leelyn Smith LLC now owns 2,966 shares of the semiconductor company’s stock valued at $1,755,000 after acquiring an additional 304 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of analyst reports. Wells Fargo & Company lowered their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research report on Friday. Loop Capital boosted their price objective on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Oppenheimer reissued an “outperform” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday. Rosenblatt Securities lowered their price objective on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Citigroup initiated coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average price target of $851.58.

Monolithic Power Systems Trading Down 3.0 %

Shares of NASDAQ MPWR opened at $590.98 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $546.71 and a twelve month high of $959.64. The stock has a 50 day moving average of $636.30 and a two-hundred day moving average of $707.52. The stock has a market cap of $28.29 billion, a P/E ratio of 16.07, a P/E/G ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.56 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a yield of 1.06%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s payout ratio is currently 16.97%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the sale, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.