Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 358 Shares of Monolithic Power Systems, Inc. $MPWR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,143 shares of the semiconductor company’s stock after selling 358 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Monolithic Power Systems were worth $10,100,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Monolithic Power Systems by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after purchasing an additional 134,087 shares in the last quarter. State Street Corp grew its position in Monolithic Power Systems by 0.7% in the 3rd quarter. State Street Corp now owns 2,134,704 shares of the semiconductor company’s stock worth $1,968,578,000 after purchasing an additional 14,670 shares in the last quarter. Geode Capital Management LLC grew its position in Monolithic Power Systems by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company’s stock worth $1,248,436,000 after purchasing an additional 44,583 shares in the last quarter. JPMorgan Chase & Co. grew its position in Monolithic Power Systems by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock worth $794,723,000 after purchasing an additional 6,503 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Monolithic Power Systems during the 4th quarter valued at approximately $658,656,000. 93.46% of the stock is owned by institutional investors.

Insider Activity at Monolithic Power Systems

In related news, Director Eileen Wynne sold 335 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,582.68, for a total transaction of $530,197.80. Following the sale, the director directly owned 1,007 shares in the company, valued at approximately $1,593,758.76. This represents a 24.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeff Zhou sold 486 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the sale, the director owned 3,800 shares in the company, valued at $6,384,000. The trade was a 11.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 113,043 shares of company stock worth $160,829,940 in the last ninety days. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Trading Down 1.5%

Shares of MPWR stock opened at $1,542.39 on Tuesday. The stock has a market capitalization of $75.78 billion, a P/E ratio of 111.20, a PEG ratio of 2.80 and a beta of 1.74. The firm’s 50 day moving average is $1,420.51 and its 200 day moving average is $1,167.22. Monolithic Power Systems, Inc. has a 12 month low of $655.50 and a 12 month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. The company had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. Monolithic Power Systems’s revenue was up 26.1% compared to the same quarter last year. During the same period in the prior year, the company posted $4.04 EPS. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Analyst Ratings Changes

MPWR has been the subject of a number of research reports. Stifel Nicolaus increased their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. TD Cowen increased their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research report on Friday, May 1st. KeyCorp increased their target price on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, Oppenheimer set a $1,700.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,599.17.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.