Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Position Cut by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 8.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,962 shares of the semiconductor company's stock after selling 3,546 shares during the period. New York State Teachers Retirement System owned about 0.08% of Monolithic Power Systems worth $22,017,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MPWR. Vanguard Group Inc. increased its position in shares of 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 worth $3,446,223,000 after acquiring an additional 74,046 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Monolithic Power Systems by 16.3% in the fourth 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 purchasing an additional 214,395 shares during the last quarter. Geode Capital Management LLC grew its stake in 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 Monolithic Power Systems by 7.5% during the 4th quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock valued at $687,841,000 after purchasing an additional 81,412 shares in the last quarter. Finally, Brown Advisory Inc. increased its holdings in Monolithic Power Systems by 0.5% during 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 and hedge funds own 93.46% of the company's stock.

Insider Buying and Selling at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total value of $4,500,000.00. Following the sale, the chief financial officer directly owned 46,939 shares in the company, valued at $35,204,250. This trade represents a 11.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction on Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the sale, the executive vice president directly owned 4,015 shares in the company, valued at $2,814,515. The trade was a 74.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,200 shares of company stock worth $13,046,800. 3.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MPWR shares. Stifel Nicolaus reduced their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Oppenheimer reiterated an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. TD Cowen boosted their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, Citigroup upped their price objective on Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and an average target price of $789.42.

Monolithic Power Systems Trading Up 2.3%

MPWR traded up $17.43 during trading on Wednesday, reaching $764.40. 578,694 shares of the company were exchanged, compared to its average volume of 800,131. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $959.64. The firm has a 50 day moving average of $675.49 and a 200 day moving average of $630.50. The stock has a market cap of $36.60 billion, a P/E ratio of 20.29, a PEG ratio of 2.90 and a beta of 1.20.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. During the same quarter in the previous year, the company posted $2.81 earnings per share. The company's revenue for the quarter was up 39.2% compared to the same quarter last year. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

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 given a $1.56 dividend. This represents a $6.24 annualized dividend and a yield of 0.82%. The ex-dividend date is Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is 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.