California State Teachers Retirement System Has $132.66 Billion Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Key Points

• California State Teachers Retirement System reported a dramatic increase in its Monolithic Power Systems position, adding roughly 95.9 million shares during the second quarter. The filing claimed the stake was worth $132.66 billion, though the reported figures appear inconsistent with the company’s market capitalization.
• Analysts maintain a generally positive view of MPWR, with a consensus rating of “Moderate Buy” and an average price target of $1,731.42; recent targets ranged from $1,575 to $2,100.
• Monolithic Power Systems exceeded quarterly expectations, reporting $6.50 EPS versus the $5.87 estimate and $980.64 million in revenue, up 47.6% year over year. The company also declared a quarterly dividend of $2.00 per share.

California State Teachers Retirement System lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 132,513.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,963,431 shares of the semiconductor company's stock after purchasing an additional 95,891,068 shares during the period. California State Teachers Retirement System owned about 195.27% of Monolithic Power Systems worth $132,656,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Transamerica Financial Advisors LLC acquired a new stake in Monolithic Power Systems during the 2nd quarter worth approximately $35,000. IFP Advisors Inc increased its position in Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 24 shares during the period. Covestor Ltd raised its stake in shares of Monolithic Power Systems by 29.0% during the fourth 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. Danske Bank A S bought a new position in shares of Monolithic Power Systems during the second quarter valued at $36,000. Finally, Greenline Wealth Management LLC acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth $38,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Arete Research set a $2,013.00 target price on Monolithic Power Systems and gave the stock a "buy" rating in a research report on Thursday, August 20th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $1,575.00 target price on shares of Monolithic Power Systems in a report on Friday, July 31st. Truist Financial upped their price target on 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. Finally, Wells Fargo & Company raised their price objective on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. One research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,731.42.

Monolithic Power Systems Price Performance

MPWR opened at $1,223.86 on Monday. Monolithic Power Systems, Inc. has a twelve month low of $830.00 and a twelve month high of $1,714.09. The company has a fifty day moving average of $1,328.13 and a 200-day moving average of $1,353.45. The stock has a market cap of $60.14 billion, a PE ratio of 75.04 and a beta of 1.66.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.63. The business had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. Monolithic Power Systems's revenue for the quarter was up 47.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.21 earnings per share. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems's payout ratio is currently 49.05%.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 30 shares of the company's stock in a transaction dated 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 sale, the executive vice president owned 1,119 shares in the company, valued at $1,503,868.86. This represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 firm's stock in a transaction that occurred on Monday, August 24th. The stock was 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 $660,008.55. This represents a 8.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 160 shares of company stock worth $215,945 over the last three months. 3.60% of the stock is owned by company insiders.

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.

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