California State Teachers Retirement System Lowers Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

California State Teachers Retirement System lowered its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,897 shares of the semiconductor company's stock after selling 2,050 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Monolithic Power Systems worth $44,317,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MPWR. Wealth Enhancement Advisory Services LLC grew its position in Monolithic Power Systems by 3.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,281 shares of the semiconductor company's stock worth $1,942,000 after acquiring an additional 101 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Monolithic Power Systems during the 4th quarter valued at $20,930,000. Virtue Capital Management LLC lifted its stake in Monolithic Power Systems by 6.3% in the fourth quarter. Virtue Capital Management LLC now owns 576 shares of the semiconductor company's stock worth $341,000 after acquiring an additional 34 shares during the period. Armis Advisers LLC purchased a new stake in shares of Monolithic Power Systems in the 4th quarter worth approximately $240,000. Finally, Polar Asset Management Partners Inc. bought a new stake in Monolithic Power Systems during the 4th quarter valued at $11,834,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MPWR shares. Needham & Company LLC restated a "buy" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. Oppenheimer restated an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, March 21st. TD Cowen increased their price objective on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Raymond James reissued an "outperform" rating and set a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Finally, Rosenblatt Securities restated a "neutral" rating and set a $644.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Monolithic Power Systems has a consensus rating of "Moderate Buy" and an average price target of $779.83.

Insider Buying and Selling at Monolithic Power Systems

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

Monolithic Power Systems Price Performance

MPWR traded down $25.18 during trading on Friday, reaching $655.54. 950,305 shares of the company's stock were exchanged, compared to its average volume of 796,470. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The stock has a market capitalization of $31.39 billion, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. The company's fifty day simple moving average is $599.61 and its 200-day simple moving average is $612.15.

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, topping analysts' consensus estimates of $4.00 by $0.04. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The firm had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. During the same quarter in the prior year, the business earned $2.81 earnings per share. The business's quarterly revenue was up 39.2% compared to the same quarter last year. Equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Profile

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.