Louisiana State Employees Retirement System Purchases Shares of 2,900 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Louisiana State Employees Retirement System acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,900 shares of the semiconductor company's stock, valued at approximately $1,829,000.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Monolithic Power Systems by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company's stock worth $2,482,546,000 after purchasing an additional 123,946 shares in the last quarter. FMR LLC increased its holdings in shares of Monolithic Power Systems by 35.0% during the third quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company's stock worth $1,655,717,000 after buying an additional 929,009 shares in the last quarter. State Street Corp increased its holdings in shares of Monolithic Power Systems by 3.0% during the first quarter. State Street Corp now owns 1,811,967 shares of the semiconductor company's stock worth $908,748,000 after buying an additional 53,355 shares in the last quarter. Moneta Group Investment Advisors LLC raised its stake in shares of Monolithic Power Systems by 140,338.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,023,797 shares of the semiconductor company's stock valued at $362,025,000 after acquiring an additional 1,023,068 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Monolithic Power Systems by 1.4% in the 1st quarter. Geode Capital Management LLC now owns 966,299 shares of the semiconductor company's stock worth $482,618,000 after acquiring an additional 13,218 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 11,000 shares of the firm's stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the completion of the transaction, the executive vice president now directly owns 130,744 shares of the company's stock, valued at approximately $89,145,181.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of the business's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the sale, the executive vice president now directly owns 130,744 shares of the company's stock, valued at approximately $89,145,181.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Hsing sold 8,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 921,774 shares of the company's stock, valued at approximately $554,917,165.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,077 shares of company stock worth $30,357,479. Corporate insiders own 3.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MPWR shares. Oppenheimer increased their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. TD Cowen raised their price target on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the company an "outperform" rating in a report on Thursday, February 8th. Rosenblatt Securities boosted their price objective on shares of Monolithic Power Systems from $550.00 to $750.00 and gave the stock a "buy" rating in a research report on Tuesday, December 26th. KeyCorp boosted their target price on Monolithic Power Systems to $850.00 and gave the stock an "overweight" rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus lifted their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the stock a "buy" rating in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Monolithic Power Systems presently has an average rating of "Moderate Buy" and a consensus price target of $670.30.

Monolithic Power Systems Stock Performance

MPWR stock traded down $28.79 during mid-day trading on Friday, hitting $591.52. 733,898 shares of the company were exchanged, compared to its average volume of 536,754. The firm has a market cap of $28.78 billion, a P/E ratio of 67.53, a P/E/G ratio of 3.41 and a beta of 1.24. Monolithic Power Systems, Inc. has a 1-year low of $383.19 and a 1-year high of $778.15. The firm's 50 day simple moving average is $695.22 and its 200 day simple moving average is $601.50.

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

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Wednesday, March 27th. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.00. Monolithic Power Systems's dividend payout ratio (DPR) is currently 57.08%.

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.