Strs Ohio Sells 7,116 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Strs Ohio lessened its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,096 shares of the semiconductor company's stock after selling 7,116 shares during the period. Strs Ohio owned approximately 0.25% of Monolithic Power Systems worth $75,754,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Achmea Investment Management B.V. bought a new position in shares of Monolithic Power Systems during the 1st quarter valued at about $27,000. Arlington Trust Co LLC lifted its holdings in shares of Monolithic Power Systems by 56.1% during the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 23 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Monolithic Power Systems during the 4th quarter valued at about $43,000. Sunbelt Securities Inc. bought a new position in shares of Monolithic Power Systems during the 1st quarter valued at about $37,000. Finally, Operose Advisors LLC bought a new position in shares of Monolithic Power Systems during the 3rd quarter valued at about $43,000. Institutional investors own 93.46% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MPWR. TD Cowen lifted their price objective on Monolithic Power Systems from $650.00 to $800.00 and gave the company an "outperform" rating in a report on Thursday, February 8th. Needham & Company LLC lifted their target price on Monolithic Power Systems from $500.00 to $800.00 and gave the company a "buy" rating in a research report on Thursday, February 8th. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the company a "buy" rating in a research report on Tuesday, January 2nd. KeyCorp lifted their target price on Monolithic Power Systems to $850.00 and gave the company an "overweight" rating in a research report on Monday, April 8th. Finally, Oppenheimer lifted their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the company an "outperform" rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $670.30.

Insider Transactions at Monolithic Power Systems

In other news, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $602.01, for a total transaction of $4,816,080.00. Following the completion of the transaction, the chief executive officer now directly owns 921,774 shares in the company, valued at approximately $554,917,165.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Theodore Blegen sold 2,500 shares of the business's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $603.26, for a total value of $1,508,150.00. Following the completion of the sale, the chief financial officer now directly owns 84,768 shares in the company, valued at approximately $51,137,143.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Hsing sold 8,000 shares of the business's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $602.01, for a total value of $4,816,080.00. Following the completion of the sale, the chief executive officer now owns 921,774 shares of the company's stock, valued at $554,917,165.74. The disclosure for this sale can be found here. In the last three months, insiders sold 45,077 shares of company stock worth $30,357,479. 3.20% of the stock is owned by company insiders.

Monolithic Power Systems Trading Down 3.8 %

Shares of NASDAQ:MPWR traded down $26.11 during trading on Friday, hitting $658.23. 422,513 shares of the company were exchanged, compared to its average volume of 497,518. The stock has a market cap of $32.03 billion, a price-to-earnings ratio of 75.14, a P/E/G ratio of 3.52 and a beta of 1.24. Monolithic Power Systems, Inc. has a fifty-two week low of $383.19 and a fifty-two week high of $778.15. The firm has a fifty day moving average price of $697.25 and a two-hundred day moving average price of $598.38.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.17). The company had revenue of $454.01 million for the quarter, compared to analyst estimates of $452.13 million. Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 10.05 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a dividend of $1.25 per share. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.00. This represents a $5.00 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Wednesday, March 27th. Monolithic Power Systems's payout ratio is currently 57.08%.

About Monolithic Power Systems

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.