Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 83.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 456 shares of the semiconductor company’s stock after selling 2,277 shares during the quarter. Teacher Retirement System of Texas’ holdings in Monolithic Power Systems were worth $270,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its position in Monolithic Power Systems by 5.1% in the 3rd quarter. D.A. Davidson & CO. now owns 390 shares of the semiconductor company’s stock valued at $361,000 after buying an additional 19 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Monolithic Power Systems by 9.1% in the third quarter. Captrust Financial Advisors now owns 1,752 shares of the semiconductor company’s stock valued at $1,620,000 after purchasing an additional 146 shares during the last quarter. Verition Fund Management LLC boosted its holdings in Monolithic Power Systems by 150.2% in the third quarter. Verition Fund Management LLC now owns 1,211 shares of the semiconductor company’s stock valued at $1,120,000 after purchasing an additional 727 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in Monolithic Power Systems during the 3rd quarter valued at approximately $203,000. Finally, Cinctive Capital Management LP increased its holdings in Monolithic Power Systems by 25.2% during the 3rd quarter. Cinctive Capital Management LP now owns 1,497 shares of the semiconductor company’s stock worth $1,384,000 after purchasing an additional 301 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Up 0.3 %

Shares of NASDAQ MPWR opened at $581.48 on Wednesday. The firm’s 50-day moving average price is $635.06 and its two-hundred day moving average price is $692.69. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64. The stock has a market capitalization of $27.83 billion, a P/E ratio of 15.81, a P/E/G ratio of 2.60 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. As a group, equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 1.07%. 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. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 16.97%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MPWR. Wells Fargo & Company reduced their target price on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research note on Friday, March 21st. Rosenblatt Securities reduced their price objective on shares of Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Oppenheimer reissued an “outperform” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, March 21st. Citigroup started coverage on shares of Monolithic Power Systems in a research report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price target on the stock. Finally, Needham & Company LLC boosted their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the company a “buy” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $851.58.

Insider Activity

In other news, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems 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 sale, the executive vice president now owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.70% of the company’s stock.

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.