California Public Employees Retirement System Cuts Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

California Public Employees Retirement System cut its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,777 shares of the semiconductor company's stock after selling 2,212 shares during the period. California Public Employees Retirement System owned about 0.17% of Monolithic Power Systems worth $52,214,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Telemus Capital LLC lifted its position in shares of Monolithic Power Systems by 15.8% in the 4th quarter. Telemus Capital LLC now owns 1,075 shares of the semiconductor company's stock worth $678,000 after purchasing an additional 147 shares during the period. OLD National Bancorp IN acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $261,000. Handelsbanken Fonder AB lifted its position in shares of Monolithic Power Systems by 7.5% in the 4th quarter. Handelsbanken Fonder AB now owns 8,644 shares of the semiconductor company's stock worth $5,452,000 after purchasing an additional 600 shares during the period. LRT Capital Management LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $269,000. Finally, CWM LLC lifted its position in shares of Monolithic Power Systems by 13.0% in the 4th quarter. CWM LLC now owns 764 shares of the semiconductor company's stock worth $482,000 after purchasing an additional 88 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MPWR has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the stock a "buy" rating in a research report on Thursday, February 8th. TD Cowen boosted their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the company an "outperform" rating in a research report on Thursday, February 8th. Oppenheimer boosted their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an "outperform" rating in a research report on Friday, February 2nd. Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company a "buy" rating in a research report on Tuesday, January 2nd. Finally, KeyCorp boosted their target price on shares of Monolithic Power Systems to $850.00 and gave the company an "overweight" rating in a research report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $670.30.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, insider Deming Xiao sold 859 shares of the business's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $680.00, for a total value of $584,120.00. Following the sale, the insider now directly owns 208,580 shares in the company, valued at $141,834,400. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of the business's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $602.01, for a total value of $4,816,080.00. Following the sale, the chief executive officer now directly owns 921,774 shares in the company, valued at $554,917,165.74. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Deming Xiao sold 859 shares of the business's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $680.00, for a total value of $584,120.00. Following the completion of the sale, the insider now owns 208,580 shares in the company, valued at $141,834,400. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,077 shares of company stock worth $30,357,479. Insiders own 3.20% of the company's stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR traded up $16.89 during trading on Friday, hitting $677.23. The stock had a trading volume of 402,728 shares, compared to its average volume of 535,518. Monolithic Power Systems, Inc. has a 12 month low of $383.19 and a 12 month high of $778.15. The company has a market capitalization of $32.95 billion, a PE ratio of 75.38, a PEG ratio of 3.44 and a beta of 1.24. The firm has a fifty day moving average of $683.86 and a two-hundred day moving average of $607.16.

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

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.00. Monolithic Power Systems's payout ratio is 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.