Public Employees Retirement System of Ohio Invests $27.83 Million in Monolithic Power Systems, Inc. $MPWR

Public Employees Retirement System of Ohio purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the second quarter, Holdings Channel reports. The firm purchased 20,129 shares of the semiconductor company’s stock, valued at approximately $27,826,000.

A number of other hedge funds also recently bought and sold shares of MPWR. Transamerica Financial Advisors LLC purchased a new position in Monolithic Power Systems in the 2nd quarter worth approximately $35,000. IFP Advisors Inc increased its holdings in shares of Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares during the last quarter. Covestor Ltd lifted its position in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after buying an additional 9 shares in the last quarter. Danske Bank A S purchased a new position in Monolithic Power Systems during the second quarter worth approximately $36,000. Finally, Greenline Wealth Management LLC acquired a new position in Monolithic Power Systems during the fourth quarter worth $38,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling

In other news, Director Kuo Wei Herbert Chang sold 50 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the sale, the director directly owned 515 shares of the company’s stock, valued at approximately $660,008.55. The trade was a 8.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the transaction, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 190 shares of company stock worth $261,964 over the last three months. Insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Down 4.2%

NASDAQ:MPWR opened at $1,256.26 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $800.97 and a 52 week high of $1,714.09. The stock’s fifty day moving average is $1,348.06 and its two-hundred day moving average is $1,350.23. The company has a market capitalization of $61.73 billion, a P/E ratio of 77.02 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (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 the consensus estimate of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The company’s quarterly revenue was up 47.6% on a year-over-year basis. During the same period last year, the company earned $4.21 EPS. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

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

Analyst Ratings Changes

Several analysts have issued reports on MPWR shares. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Needham & Company LLC upped their price objective on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a report on Friday, July 31st. 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, Oppenheimer set a $1,700.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,731.42.

Monolithic Power Systems Company Profile

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.