Monolithic Power Systems, Inc. $MPWR Shares Sold by Strs Ohio

Strs Ohio reduced its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 28.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,807 shares of the semiconductor company’s stock after selling 31,599 shares during the quarter. Strs Ohio’s holdings in Monolithic Power Systems were worth $71,632,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Monolithic Power Systems by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,939,946 shares of the semiconductor company’s stock valued at $4,344,358,000 after acquiring an additional 19,277 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Monolithic Power Systems by 36.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock worth $626,592,000 after buying an additional 227,159 shares during the period. Bank of America Corp DE grew its position in Monolithic Power Systems by 18.0% during the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock valued at $506,661,000 after acquiring an additional 105,721 shares during the period. Norges Bank purchased a new position in shares of Monolithic Power Systems in the 2nd quarter worth about $438,014,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Monolithic Power Systems by 14.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 556,587 shares of the semiconductor company’s stock worth $512,416,000 after purchasing an additional 71,199 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Rosenblatt Securities boosted their price objective on Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Stifel Nicolaus upped their target price on Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Truist Financial raised their target price on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, December 19th. Finally, KeyCorp upped their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,074.58.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 27,966 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $881.66, for a total transaction of $24,656,503.56. Following the sale, the executive vice president owned 148,306 shares in the company, valued at $130,755,467.96. This represents a 15.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Saria Tseng sold 20,000 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $926.47, for a total value of $18,529,400.00. Following the transaction, the executive vice president directly owned 187,331 shares in the company, valued at approximately $173,556,551.57. This represents a 9.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 69,976 shares of company stock worth $63,370,417. 3.40% of the stock is currently owned by company insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $1,076.67 on Friday. The stock has a 50-day moving average price of $950.63 and a 200 day moving average price of $901.40. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,123.38. The company has a market capitalization of $51.58 billion, a P/E ratio of 27.49, a P/E/G ratio of 3.04 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates of $4.62 by $0.11. The business had revenue of $737.18 million during the quarter, compared to the consensus estimate of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the company earned $4.06 earnings per share. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio is 15.93%.

Monolithic Power Systems Company Profile

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.