Teachers Retirement System of The State of Kentucky Trims Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Teachers Retirement System of The State of Kentucky lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,827 shares of the semiconductor company’s stock after selling 168 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Monolithic Power Systems were worth $2,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Monolithic Power Systems by 1.0% during the first quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock worth $3,739,318,000 after acquiring an additional 55,874 shares in the last quarter. Franklin Resources Inc. boosted its stake in Monolithic Power Systems by 2.4% during the fourth quarter. Franklin Resources Inc. now owns 1,830,569 shares of the semiconductor company’s stock worth $1,154,686,000 after acquiring an additional 43,191 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Monolithic Power Systems by 0.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,056,183 shares of the semiconductor company’s stock worth $666,219,000 after acquiring an additional 3,105 shares in the last quarter. Brown Advisory Inc. boosted its stake in Monolithic Power Systems by 4.4% during the fourth quarter. Brown Advisory Inc. now owns 1,028,467 shares of the semiconductor company’s stock worth $648,736,000 after acquiring an additional 43,225 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Monolithic Power Systems by 10.0% during the fourth quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after acquiring an additional 85,676 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In related news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $852.51, for a total value of $2,131,275.00. Following the transaction, the chief financial officer now owns 64,906 shares of the company’s stock, valued at approximately $55,333,014.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $852.51, for a total transaction of $2,131,275.00. Following the transaction, the chief financial officer now owns 64,906 shares of the company’s stock, valued at approximately $55,333,014.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Hsing sold 2,824 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $690.00, for a total transaction of $1,948,560.00. Following the transaction, the chief executive officer now directly owns 888,408 shares in the company, valued at approximately $613,001,520. The disclosure for this sale can be found here. Insiders have sold 88,709 shares of company stock valued at $71,147,068 in the last 90 days. Company insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Raymond James upped their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday. Rosenblatt Securities boosted their price objective on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a report on Monday, July 29th. Wells Fargo & Company boosted their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, Oppenheimer boosted their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $862.30.

Monolithic Power Systems Trading Up 1.4 %

Shares of NASDAQ:MPWR traded up $10.81 during midday trading on Friday, reaching $795.76. 1,366,777 shares of the company were exchanged, compared to its average volume of 590,092. The business’s fifty day moving average is $810.38 and its two-hundred day moving average is $728.22. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $891.67. The stock has a market cap of $38.74 billion, a PE ratio of 94.85, a price-to-earnings-growth ratio of 3.92 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.63%. The business had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. During the same quarter last year, the business earned $2.05 earnings per share. Monolithic Power Systems’s quarterly revenue was up 15.0% compared to the same quarter last year. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.63%. The ex-dividend date was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

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.