Teachers Retirement System of The State of Kentucky Sells 300 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Teachers Retirement System of The State of Kentucky decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,599 shares of the semiconductor company’s stock after selling 300 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Monolithic Power Systems were worth $1,744,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Monolithic Power Systems by 10,946.6% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,064 shares of the semiconductor company’s stock valued at $3,012,000 after buying an additional 7,991 shares during the period. Public Employees Retirement System of Ohio raised its stake in Monolithic Power Systems by 2.9% in the second quarter. Public Employees Retirement System of Ohio now owns 52,365 shares of the semiconductor company’s stock valued at $19,556,000 after buying an additional 1,489 shares during the period. Toronto Dominion Bank raised its stake in Monolithic Power Systems by 17.8% in the second quarter. Toronto Dominion Bank now owns 30,076 shares of the semiconductor company’s stock valued at $11,232,000 after buying an additional 4,555 shares during the period. Utah Retirement Systems increased its stake in shares of Monolithic Power Systems by 3.1% during the second quarter. Utah Retirement Systems now owns 8,556 shares of the semiconductor company’s stock worth $3,195,000 after purchasing an additional 260 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Monolithic Power Systems by 28.6% during the second quarter. Bank of Montreal Can now owns 32,794 shares of the semiconductor company’s stock worth $12,398,000 after purchasing an additional 7,292 shares during the period. Hedge funds and other institutional investors own 94.07% of the company’s stock.

In related news, insider Deming Xiao sold 2,022 shares of the firm’s stock in a transaction on Monday, November 8th. The stock was sold at an average price of $548.27, for a total transaction of $1,108,601.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Theodore Blegen sold 1,897 shares of the firm’s stock in a transaction on Monday, December 20th. The stock was sold at an average price of $474.35, for a total value of $899,841.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,041 shares of company stock valued at $18,040,222. 2.00% of the stock is owned by corporate insiders.

Shares of MPWR opened at $438.18 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $301.51 and a 52 week high of $580.00. The stock has a market capitalization of $20.20 billion, a price-to-earnings ratio of 98.47, a PEG ratio of 2.67 and a beta of 0.86. The stock has a fifty day moving average of $512.77 and a 200-day moving average of $481.93.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, October 28th. The semiconductor company reported $2.06 EPS for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.06. Monolithic Power Systems had a return on equity of 19.66% and a net margin of 19.22%. The company had revenue of $323.50 million during the quarter, compared to analysts’ expectations of $316.05 million. During the same period in the prior year, the company earned $1.20 EPS. Monolithic Power Systems’s revenue was up 24.7% compared to the same quarter last year. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 4.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, January 14th. Investors of record on Friday, December 31st were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.55%. The ex-dividend date was Thursday, December 30th. Monolithic Power Systems’s dividend payout ratio is currently 53.93%.

A number of brokerages have recently weighed in on MPWR. Deutsche Bank Aktiengesellschaft increased their target price on Monolithic Power Systems from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, October 29th. Truist increased their target price on Monolithic Power Systems from $556.00 to $613.00 and gave the stock a “buy” rating in a research note on Friday, October 29th. KeyCorp raised Monolithic Power Systems from a “sector weight” rating to an “overweight” rating and set a $520.00 price target on the stock in a research report on Tuesday. Rosenblatt Securities raised their target price on Monolithic Power Systems from $470.00 to $620.00 and gave the company a “buy” rating in a report on Friday, September 24th. Finally, Needham & Company LLC downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Friday, October 29th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $548.64.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc is a semiconductor company, which engages in designing, developing, and marketing analog solutions for computing and storage, automotive, industrial, communications, and consumer markets. Its products include power modules, class-d audio, ultrasound mux, automotive, LED lighting and illumination, precision analog, and motor drivers.

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

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