Oregon Public Employees Retirement Fund Buys 446 Shares of Monolithic Power Systems, Inc. $MPWR

Oregon Public Employees Retirement Fund lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,037 shares of the semiconductor company’s stock after purchasing an additional 446 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Monolithic Power Systems were worth $8,345,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MPWR. Brighton Jones LLC lifted its stake in Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 200 shares during the last quarter. Empowered Funds LLC increased its position in Monolithic Power Systems by 3.1% in the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after buying an additional 161 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Monolithic Power Systems by 3.5% in the second quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock valued at $6,863,000 after buying an additional 314 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of Monolithic Power Systems by 35.2% in the second quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock valued at $26,175,000 after buying an additional 9,315 shares during the period. Finally, Globeflex Capital L P purchased a new position in shares of Monolithic Power Systems during the 2nd quarter valued at $347,000. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $1,362.55 on Friday. The stock has a market capitalization of $66.96 billion, a price-to-earnings ratio of 83.54 and a beta of 1.69. The company’s fifty day simple moving average is $1,396.06 and its two-hundred day simple moving average is $1,338.29. Monolithic Power Systems, Inc. has a 1 year low of $800.97 and a 1 year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. The firm had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The business’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same period last year, the company earned $4.21 earnings per share. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is presently 49.05%.

Insider Buying and Selling

In other news, Director Jeff Zhou sold 486 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the sale, the director directly owned 3,800 shares in the company, valued at $6,384,000. This represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Saria Tseng sold 7,565 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the sale, the executive vice president directly owned 144,218 shares in the company, valued at approximately $245,170,600. The trade was a 4.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 13,191 shares of company stock worth $21,807,015 over the last quarter. 3.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. TD Cowen boosted their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Oppenheimer set a $1,700.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 1st. Wall Street Zen upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $1,575.00 target price on shares of Monolithic Power Systems in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,705.82.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.