Public Employees Retirement System of Ohio Takes Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Public Employees Retirement System of Ohio bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,738 shares of the semiconductor company's stock, valued at approximately $11,679,000.

Other hedge funds have also recently made changes to their positions in the company. Tradewinds Capital Management LLC boosted its position in Monolithic Power Systems by 120.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 24 shares during the period. OFI Invest Asset Management purchased a new position in shares of Monolithic Power Systems in the fourth quarter valued at $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at $29,000. Itau Unibanco Holding S.A. raised its stake in shares of Monolithic Power Systems by 637.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 51 shares during the period. Finally, Golden State Wealth Management LLC bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at $39,000. 93.46% of the stock is currently owned by institutional investors.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now owns 4,015 shares in the company, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was 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 approximately $504,400. This trade represents a 11.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,200 shares of company stock worth $8,546,800 in the last ninety days. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Stock Down 4.9%

Shares of Monolithic Power Systems stock traded down $33.07 during trading on Friday, hitting $647.65. 157,222 shares of the stock traded hands, compared to its average volume of 791,863. The stock has a market cap of $31.01 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 2.60 and a beta of 1.18. The firm's fifty day moving average is $599.16 and its 200-day moving average is $611.76. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating the consensus estimate of $4.00 by $0.04. The firm had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The company's revenue was up 39.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.81 EPS. On average, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on MPWR shares. Stifel Nicolaus decreased their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Needham & Company LLC reiterated a "buy" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. TD Cowen boosted their price objective on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Citigroup upped their target price on Monolithic Power Systems from $615.00 to $700.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Oppenheimer restated an "outperform" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Monolithic Power Systems presently has an average rating of "Moderate Buy" and an average price target of $779.83.

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.