New York State Teachers Retirement System Sells 391 Shares of Monolithic Power Systems, Inc. $MPWR

New York State Teachers Retirement System trimmed its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,403 shares of the semiconductor company’s stock after selling 391 shares during the quarter. New York State Teachers Retirement System’s holdings in Monolithic Power Systems were worth $43,081,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Monolithic Power Systems during the fourth quarter worth about $34,000. IFP Advisors Inc lifted its holdings in shares of Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 9 shares in the last quarter. Greenline Wealth Management LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $38,000. Finally, Bell Investment Advisors Inc increased its stake in Monolithic Power Systems by 23.7% during the 1st quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 9 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $1,288.16 on Friday. The company has a market cap of $63.29 billion, a price-to-earnings ratio of 92.87, a P/E/G ratio of 2.30 and a beta of 1.71. The firm has a 50-day moving average of $1,537.65 and a 200-day moving average of $1,259.07. Monolithic Power Systems, Inc. has a one year low of $686.87 and a one year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.20. The business had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.Monolithic Power Systems’s revenue was up 26.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.04 earnings per share. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 57.68%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MPWR shares. Wells Fargo & Company upped their price target on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Rosenblatt Securities upped their target price on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Stifel Nicolaus lifted their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Needham & Company LLC upped their price objective on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Raymond James Financial reissued an “outperform” rating and issued a $1,800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,599.17.

Insider Activity

In other Monolithic Power Systems news, Director Eugen J. Elmiger sold 12,000 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the completion of the sale, the director owned 5,402 shares in the company, valued at $8,561,953.92. This trade represents a 68.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Saria Tseng sold 7,565 shares of Monolithic Power Systems stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the transaction, the executive vice president directly owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. This trade represents a 4.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 85,939 shares of company stock valued at $133,279,108. 3.60% of the stock is owned by corporate insiders.

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.