California State Teachers Retirement System trimmed its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 4.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,420 shares of the semiconductor company's stock after selling 2,943 shares during the quarter. California State Teachers Retirement System owned approximately 0.14% of Monolithic Power Systems worth $95,963,431 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Fund Management LLC boosted its holdings in shares of Monolithic Power Systems by 2.7% in the 1st quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company's stock valued at $289,000 after buying an additional 7 shares during the period. Covestor Ltd raised its position 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 acquiring an additional 9 shares during the last quarter. Bell Investment Advisors Inc grew its stake in shares of Monolithic Power Systems by 23.7% in the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company's stock valued at $51,000 after buying an additional 9 shares in the last quarter. CENTRAL TRUST Co increased its holdings in Monolithic Power Systems by 1.4% in the 1st quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company's stock valued at $766,000 after buying an additional 10 shares during the period. Finally, KCM Investment Advisors LLC raised its holdings in Monolithic Power Systems by 2.2% during the 1st quarter. KCM Investment Advisors LLC now owns 467 shares of the semiconductor company's stock worth $511,000 after purchasing an additional 10 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.
Monolithic Power Systems Stock Performance
MPWR stock traded down $0.78 during mid-day trading on Tuesday, hitting $1,142.46. The company had a trading volume of 256,887 shares, compared to its average volume of 723,617. The firm has a market cap of $56.14 billion, a PE ratio of 69.91 and a beta of 1.66. The stock's fifty day moving average price is $1,313.29 and its two-hundred day moving average price is $1,353.91. Monolithic Power Systems, Inc. has a 12 month low of $833.18 and a 12 month high of $1,714.09.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued 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 for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.21 EPS. Equities analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.
Monolithic Power Systems Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 49.05%.
Insider Transactions at Monolithic Power Systems
In other news, 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 directly owned 1,119 shares in the company, valued at $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the stock in a transaction dated 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 completion of the transaction, the director directly owned 515 shares in the company, valued at $660,008.55. The trade was a 8.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 160 shares of company stock valued at $215,945. Insiders own 3.60% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on MPWR. Truist Financial raised their price objective on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Needham & Company LLC lifted their price objective on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Weiss Ratings downgraded Monolithic Power Systems from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, August 31st. Wall Street Zen upgraded Monolithic Power Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, KeyCorp raised their price target on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,731.42.
Read Our Latest Stock Analysis on Monolithic Power Systems
About Monolithic Power Systems
(
Free Report)
Monolithic Power Systems, Inc NASDAQ: MPWR designs, develops and markets high-performance semiconductor solutions, with a focus on power management. Its products help regulate, convert and control electrical power in electronic systems, enabling more efficient operation in applications ranging from computing and communications equipment to automotive, industrial and consumer devices.
The company's portfolio includes DC-to-DC converters, power modules, battery chargers, power-management integrated circuits, motor drivers, LED drivers, voltage regulators and other analog semiconductor products.
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