Illinois Municipal Retirement Fund Has $9.11 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Illinois Municipal Retirement Fund cut its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 7.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,699 shares of the semiconductor company's stock after selling 1,227 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Monolithic Power Systems were worth $9,105,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Avantax Advisory Services Inc. boosted its holdings in shares of Monolithic Power Systems by 0.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock valued at $1,893,000 after buying an additional 14 shares in the last quarter. Keybank National Association OH boosted its stake in Monolithic Power Systems by 1.2% during the 4th quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company's stock worth $1,079,000 after purchasing an additional 22 shares during the period. Truvestments Capital LLC boosted its stake in Monolithic Power Systems by 5.0% during the 4th quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company's stock worth $273,000 after purchasing an additional 22 shares during the period. Smartleaf Asset Management LLC boosted its stake in Monolithic Power Systems by 10.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 272 shares of the semiconductor company's stock worth $164,000 after purchasing an additional 25 shares during the period. Finally, TrinityPoint Wealth LLC boosted its stake in Monolithic Power Systems by 5.6% during the 4th quarter. TrinityPoint Wealth LLC now owns 513 shares of the semiconductor company's stock worth $303,000 after purchasing an additional 27 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MPWR shares. KeyCorp decreased their price target on shares of Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Rosenblatt Securities restated a "neutral" rating and issued a $644.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. 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. Raymond James Financial reiterated an "outperform" rating and set a $720.00 price target (down from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Finally, Stifel Nicolaus lowered their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Monolithic Power Systems has a consensus rating of "Moderate Buy" and a consensus target price of $789.42.

Insider Transactions at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the company's stock in a transaction dated 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 owns 776 shares of the company's stock, valued at $504,400. This represents a 11.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 4,015 shares of the company's stock, valued at $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,200 shares of company stock worth $8,546,800. Insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Up 0.1%

Shares of NASDAQ MPWR traded up $0.86 during trading on Friday, reaching $736.03. 562,271 shares of the stock were exchanged, compared to its average volume of 802,487. The business's 50-day moving average price is $666.32 and its 200 day moving average price is $628.67. The company has a market capitalization of $35.24 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.92 and a beta of 1.19. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.00 by $0.04. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The business had revenue of $637.55 million during the quarter, compared to analyst estimates of $633.43 million. During the same quarter in the previous year, the firm earned $2.81 earnings per share. The business's revenue was up 39.2% compared to the same quarter last year. As a group, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $1.56 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.85%. Monolithic Power Systems's dividend payout ratio is currently 16.56%.

Monolithic Power Systems Company 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.