Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,372 shares of the semiconductor company’s stock after selling 241 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Monolithic Power Systems were worth $6,137,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Caprock Group LLC increased its position in shares of Monolithic Power Systems by 64.3% during the 3rd quarter. Caprock Group LLC now owns 570 shares of the semiconductor company’s stock worth $528,000 after purchasing an additional 223 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Monolithic Power Systems during the 3rd quarter worth about $1,570,000. PNC Financial Services Group Inc. increased its position in shares of Monolithic Power Systems by 13.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,139 shares of the semiconductor company’s stock worth $9,374,000 after purchasing an additional 1,167 shares during the last quarter. LPL Financial LLC increased its position in shares of Monolithic Power Systems by 9.1% during the 3rd quarter. LPL Financial LLC now owns 98,510 shares of the semiconductor company’s stock worth $91,073,000 after purchasing an additional 8,238 shares during the last quarter. Finally, Integrated Investment Consultants LLC acquired a new stake in shares of Monolithic Power Systems during the 3rd quarter worth about $262,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Needham & Company LLC raised their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. KeyCorp lifted their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Rosenblatt Securities dropped their target price on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating for the company in a research report on Friday. Loop Capital lifted their target price on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Citigroup started coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $851.58.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the sale, the executive vice president now owns 16,015 shares in the company, valued at $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $590.98 on Friday. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The company has a market cap of $28.29 billion, a PE ratio of 16.07, a P/E/G ratio of 2.60 and a beta of 1.03. The business has a 50-day simple moving average of $636.30 and a 200-day simple moving average of $706.60.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $1.56 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 1.06%. Monolithic Power Systems’s payout ratio is presently 16.97%.

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.