Texas Permanent School Fund Corp Lowers Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Texas Permanent School Fund Corp cut its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 46.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,367 shares of the semiconductor company’s stock after selling 2,879 shares during the period. Texas Permanent School Fund Corp’s holdings in Monolithic Power Systems were worth $2,463,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WPG Advisers LLC purchased a new stake in Monolithic Power Systems during the 1st quarter worth approximately $27,000. NewSquare Capital LLC increased its position in shares of Monolithic Power Systems by 76.0% during the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 19 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Monolithic Power Systems in the second quarter valued at $36,000. AdvisorNet Financial Inc raised its stake in shares of Monolithic Power Systems by 306.3% in the second quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 49 shares in the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new position in Monolithic Power Systems in the second quarter valued at $48,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 3,976 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $895.23, for a total value of $3,559,434.48. Following the completion of the sale, the executive vice president directly owned 144,330 shares of the company’s stock, valued at approximately $129,208,545.90. This represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Saria Tseng sold 20,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $926.47, for a total transaction of $18,529,400.00. Following the completion of the transaction, the executive vice president directly owned 187,331 shares in the company, valued at $173,556,551.57. The trade was a 9.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 86,516 shares of company stock valued at $80,331,635 in the last 90 days. Company insiders own 3.40% of the company’s stock.

Monolithic Power Systems Trading Up 0.8%

Shares of NASDAQ:MPWR opened at $937.11 on Friday. The firm has a 50 day simple moving average of $968.42 and a 200-day simple moving average of $859.24. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $1,123.38. The company has a market capitalization of $44.90 billion, a PE ratio of 23.93, a P/E/G ratio of 3.17 and a beta of 1.47.

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

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Monolithic Power Systems’s payout ratio is presently 15.93%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wolfe Research set a $1,200.00 price target on Monolithic Power Systems and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a report on Friday, October 31st. Citigroup boosted their price target on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Wells Fargo & Company increased their price objective on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Finally, Truist Financial increased 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. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,074.58.

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.