Strs Ohio Takes $66.12 Million Position in Monolithic Power Systems, Inc. $MPWR

Key Points

• Strs Ohio acquired a $66.12 million stake in Monolithic Power Systems, Inc., purchasing 114,000 shares during the first quarter, representing a 0.24% ownership in the company.
• Analysts have raised their price targets for Monolithic Power Systems, with Stifel Nicolaus and KeyCorp setting new targets of $930.00 and $950.00, respectively, signaling a strong outlook for the stock.
• Monolithic Power Systems reported a quarterly earnings per share (EPS) of $4.21, exceeding expectations and reflecting a 31% year-over-year revenue increase, alongside a dividend of $1.56 per share.

Strs Ohio acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 114,000 shares of the semiconductor company's stock, valued at approximately $66,118,000. Strs Ohio owned 0.24% of Monolithic Power Systems as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. WPG Advisers LLC purchased a new stake in shares of Monolithic Power Systems during the first quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Monolithic Power Systems in the fourth quarter worth $29,000. SouthState Corp bought a new stake in shares of Monolithic Power Systems in the first quarter worth $33,000. Meeder Asset Management Inc. increased its stake in shares of Monolithic Power Systems by 146.4% in the first quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company's stock worth $40,000 after buying an additional 41 shares during the last quarter. Finally, Global Financial Private Client LLC increased its stake in Monolithic Power Systems by 265.0% during the first quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MPWR. Stifel Nicolaus boosted their price target on shares of Monolithic Power Systems from $880.00 to $930.00 and gave the company a "buy" rating in a report on Friday, August 1st. KeyCorp boosted their price target on shares of Monolithic Power Systems from $940.00 to $950.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Raymond James Financial reissued an "outperform" rating and set a $875.00 price target (up previously from $720.00) on shares of Monolithic Power Systems in a report on Friday, August 1st. William Blair raised shares of Monolithic Power Systems to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Oppenheimer reissued an "outperform" rating and set a $800.00 price target (up previously from $700.00) on shares of Monolithic Power Systems in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $838.09.

Insider Buying and Selling at Monolithic Power Systems

In other news, Director Jeff Zhou sold 193 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $870.00, for a total value of $167,910.00. Following the transaction, the director owned 5,611 shares in the company, valued at $4,881,570. This represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Theodore Blegen sold 3,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $814.34, for a total value of $2,443,020.00. Following the completion of the transaction, the chief financial officer owned 40,939 shares in the company, valued at $33,338,265.26. This represents a 6.83% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,792 shares of company stock valued at $41,066,150. 3.40% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Trading Down 0.3%

MPWR stock opened at $855.18 on Thursday. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $954.00. The company has a market capitalization of $40.95 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 3.20 and a beta of 1.23. The firm's 50-day moving average is $791.05 and its two-hundred day moving average is $684.28.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $4.21 EPS for the quarter, beating analysts' consensus estimates of $4.12 by $0.09. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The company had revenue of $664.57 million during the quarter, compared to analyst estimates of $648.74 million. During the same period in the prior year, the firm earned $3.17 earnings per share. The business's quarterly revenue was up 31.0% on a year-over-year basis. Monolithic Power Systems has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $1.56 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems's dividend payout ratio is currently 16.25%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.