Monolithic Power Systems, Inc. $MPWR Shares Sold by Strs Ohio

Strs Ohio reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,406 shares of the semiconductor company’s stock after selling 4,594 shares during the period. Strs Ohio’s holdings in Monolithic Power Systems were worth $80,017,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MPWR. Price T Rowe Associates Inc. MD boosted its stake in Monolithic Power Systems by 33.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,034,731 shares of the semiconductor company’s stock valued at $1,180,104,000 after acquiring an additional 506,430 shares during the period. Nuveen LLC acquired a new position in Monolithic Power Systems in the first quarter valued at approximately $105,751,000. BNP Paribas Financial Markets boosted its stake in Monolithic Power Systems by 87.9% in the first quarter. BNP Paribas Financial Markets now owns 284,097 shares of the semiconductor company’s stock valued at $164,771,000 after acquiring an additional 132,880 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Monolithic Power Systems by 26.5% during the first quarter. JPMorgan Chase & Co. now owns 629,566 shares of the semiconductor company’s stock worth $365,136,000 after buying an additional 132,078 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of Monolithic Power Systems by 70.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 314,449 shares of the semiconductor company’s stock worth $182,375,000 after buying an additional 130,394 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Up 0.7%

Shares of NASDAQ:MPWR opened at $1,094.08 on Thursday. The company’s fifty day moving average is $922.85 and its two-hundred day moving average is $777.74. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,123.38. The company has a market cap of $52.40 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 4.05 and a beta of 1.27.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.09. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The company had revenue of $664.57 million for the quarter, compared to the consensus estimate of $648.74 million. During the same period in the previous year, the business earned $3.17 EPS. The company’s revenue was up 31.0% on a year-over-year basis. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $1.56 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is 16.25%.

Insiders Place Their Bets

In other news, EVP Deming Xiao sold 39,999 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $780.00, for a total value of $31,199,220.00. Following the transaction, the executive vice president directly owned 121,605 shares of the company’s stock, valued at approximately $94,851,900. This represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeff Zhou sold 400 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $850.00, for a total transaction of $340,000.00. Following the completion of the sale, the director owned 5,804 shares of the company’s stock, valued at $4,933,400. This represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 83,842 shares of company stock valued at $72,387,683 in the last three months. Company insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MPWR. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $820.00 to $1,025.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Oppenheimer reissued an “outperform” rating and set a $800.00 target price (up previously from $700.00) on shares of Monolithic Power Systems in a report on Tuesday, July 15th. Loop Capital boosted their target price on Monolithic Power Systems from $760.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. William Blair raised Monolithic Power Systems to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, KeyCorp upped their price target on Monolithic Power Systems from $1,050.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $963.18.

Monolithic Power Systems Company 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.