Texas Permanent School Fund increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,718 shares of the semiconductor company’s stock after buying an additional 293 shares during the period. Texas Permanent School Fund’s holdings in Monolithic Power Systems were worth $2,672,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Monolithic Power Systems by 25,140.6% in the first quarter. BlackRock Inc. now owns 4,186,655 shares of the semiconductor company’s stock valued at $385,591,000 after buying an additional 4,170,068 shares in the last quarter. Harbour Capital Advisors LLC raised its position in shares of Monolithic Power Systems by 14,285.8% in the second quarter. Harbour Capital Advisors LLC now owns 467,540 shares of the semiconductor company’s stock valued at $4,850,000 after buying an additional 464,290 shares in the last quarter. Norges Bank bought a new position in shares of Monolithic Power Systems during the fourth quarter valued at approximately $21,332,000. MARSHALL WACE ASIA Ltd bought a new position in shares of Monolithic Power Systems during the first quarter valued at approximately $22,538,000. Finally, Marshall Wace North America L.P. bought a new position in shares of Monolithic Power Systems during the first quarter valued at approximately $22,538,000. Institutional investors own 92.73% of the company’s stock.

Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at 102.77 on Tuesday. The stock’s 50 day moving average is $99.72 and its 200-day moving average is $93.86. Monolithic Power Systems, Inc. has a 12 month low of $71.09 and a 12 month high of $107.87. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 72.48 and a beta of 1.23.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. Monolithic Power Systems had a return on equity of 14.10% and a net margin of 14.30%. The company had revenue of $112.20 million for the quarter, compared to analyst estimates of $110.94 million. During the same period in the prior year, the company posted $0.54 EPS. Monolithic Power Systems’s quarterly revenue was up 19.3% on a year-over-year basis. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post $2.87 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Wednesday, June 28th. Monolithic Power Systems’s dividend payout ratio is currently 56.74%.

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MPWR has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target (up from $94.00) on shares of Monolithic Power Systems in a research note on Thursday, April 27th. Deutsche Bank AG reiterated a “buy” rating and issued a $97.00 price target (up from $95.00) on shares of Monolithic Power Systems in a research note on Friday, April 28th. Stifel Nicolaus dropped their price target on shares of Monolithic Power Systems from $105.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, April 26th. Pacific Crest reiterated an “overweight” rating and issued a $110.00 price target on shares of Monolithic Power Systems in a research note on Wednesday, June 21st. Finally, Zacks Investment Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research note on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $112.29.

In related news, CFO Theodore Blegen sold 4,604 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $99.00, for a total transaction of $455,796.00. Following the sale, the chief financial officer now directly owns 42,530 shares of the company’s stock, valued at approximately $4,210,470. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Deming Xiao sold 5,352 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $93.64, for a total value of $501,161.28. Following the sale, the insider now directly owns 286,725 shares in the company, valued at $26,848,929. The disclosure for this sale can be found here. Over the last three months, insiders have sold 120,573 shares of company stock worth $11,947,693. Corporate insiders own 4.00% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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