Teacher Retirement System of Texas Purchases 17,181 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Teacher Retirement System of Texas raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 3,767.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,637 shares of the semiconductor company's stock after buying an additional 17,181 shares during the period. Teacher Retirement System of Texas' holdings in Monolithic Power Systems were worth $10,229,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $493,807,000. GAMMA Investing LLC grew its position in Monolithic Power Systems by 76,432.3% in the first quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock worth $451,418,000 after acquiring an additional 777,316 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Monolithic Power Systems in the fourth quarter worth approximately $140,795,000. Price T Rowe Associates Inc. MD grew its position 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 worth $904,297,000 after acquiring an additional 214,395 shares in the last quarter. Finally, Siemens Fonds Invest GmbH lifted its stake in shares of Monolithic Power Systems by 18,567.3% in the fourth quarter. Siemens Fonds Invest GmbH now owns 200,487 shares of the semiconductor company's stock worth $118,628,000 after buying an additional 199,413 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. TD Cowen upped their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Stifel Nicolaus lowered their target price on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Raymond James Financial reaffirmed an "outperform" rating and issued a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Rosenblatt Securities reissued a "neutral" rating and set a $644.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 2nd. Finally, Citigroup upped their target price on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $789.42.

Insider Buying and Selling

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

Monolithic Power Systems Trading Down 0.7%

Shares of NASDAQ:MPWR traded down $5.41 during mid-day trading on Friday, reaching $758.99. The stock had a trading volume of 400,080 shares, compared to its average volume of 805,148. The firm has a market cap of $36.34 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 3.01 and a beta of 1.20. The firm has a 50 day simple moving average of $687.11 and a two-hundred day simple moving average of $633.47. 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 posted its 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 return on equity of 19.80% and a net margin of 76.59%. The business had revenue of $637.55 million during the quarter, compared to analysts' expectations of $633.43 million. During the same period in the prior year, the business earned $2.81 EPS. Monolithic Power Systems's revenue for the quarter was up 39.2% compared to the same quarter last year. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $1.56 per share. The ex-dividend date is Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a yield of 0.82%. Monolithic Power Systems's payout ratio 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.