Kentucky Retirement Systems Insurance Trust Fund Buys Shares of 1,366 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,366 shares of the semiconductor company's stock, valued at approximately $792,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Monolithic Power Systems by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock valued at $3,446,223,000 after buying an additional 74,046 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Monolithic Power Systems by 16.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock valued at $904,297,000 after acquiring an additional 214,395 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Monolithic Power Systems by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock valued at $807,158,000 after purchasing an additional 31,295 shares in the last quarter. Invesco Ltd. grew its stake in shares of Monolithic Power Systems by 7.5% in the 4th quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock worth $687,841,000 after purchasing an additional 81,412 shares during the last quarter. Finally, Brown Advisory Inc. grew its stake in shares of Monolithic Power Systems by 0.5% in the 4th quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock worth $583,420,000 after purchasing an additional 5,274 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $650.00, for a total value of $65,000.00. Following the completion of the sale, the director now directly owns 776 shares of the company's stock, valued at $504,400. The trade was a 11.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the transaction, the executive vice president now owns 4,015 shares in the company, valued at $2,814,515. This represents a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,200 shares of company stock valued at $8,546,800 in the last three months. Insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR traded up $0.86 during mid-day trading on Friday, reaching $736.03. The company had a trading volume of 562,263 shares, compared to its average volume of 800,406. The company has a market capitalization of $35.24 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.87 and a beta of 1.19. The stock has a fifty day moving average of $662.07 and a two-hundred day moving average of $627.66. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.04. The firm had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The company's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.81 EPS. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $1.56 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a yield of 0.85%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 16.56%.

Analysts Set New Price Targets

MPWR has been the subject of a number of research reports. Oppenheimer restated an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, March 21st. Stifel Nicolaus decreased their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. KeyCorp reduced their target price on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Raymond James Financial reiterated an "outperform" rating and issued a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Finally, Citigroup boosted their price objective on Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Monolithic Power Systems currently has an average rating of "Moderate Buy" and an average target price of $789.42.

About Monolithic Power Systems

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.