New York State Common Retirement Fund Increases Stock Position in Monolithic Power Systems, Inc. $MPWR

New York State Common Retirement Fund increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 14.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,706 shares of the semiconductor company’s stock after buying an additional 3,300 shares during the quarter. New York State Common Retirement Fund owned 0.06% of Monolithic Power Systems worth $24,587,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MPWR. Ballentine Partners LLC increased its stake in Monolithic Power Systems by 4.5% in the 3rd quarter. Ballentine Partners LLC now owns 555 shares of the semiconductor company’s stock worth $511,000 after acquiring an additional 24 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Monolithic Power Systems by 41.1% in the 3rd quarter. Federated Hermes Inc. now owns 79 shares of the semiconductor company’s stock worth $73,000 after buying an additional 23 shares during the period. Truist Financial Corp lifted its position in shares of Monolithic Power Systems by 22.2% in the 3rd quarter. Truist Financial Corp now owns 5,781 shares of the semiconductor company’s stock worth $5,322,000 after purchasing an additional 1,050 shares during the period. Hutchens & Kramer Investment Management Group LLC lifted its stake in shares of Monolithic Power Systems by 21.5% during the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 362 shares of the semiconductor company’s stock worth $333,000 after purchasing an additional 64 shares during the last quarter. Finally, J. Safra Sarasin Holding AG lifted its position in Monolithic Power Systems by 40.1% during the third quarter. J. Safra Sarasin Holding AG now owns 1,227 shares of the semiconductor company’s stock valued at $1,130,000 after acquiring an additional 351 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Victor K. Lee sold 1,000 shares of the stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $951.72, for a total transaction of $951,720.00. Following the transaction, the director owned 28,567 shares of the company’s stock, valued at $27,187,785.24. This trade represents a 3.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Saria Tseng sold 20,000 shares of the business’s 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 transaction, the executive vice president directly owned 187,331 shares of the company’s stock, valued at approximately $173,556,551.57. This trade represents a 9.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 69,976 shares of company stock valued at $63,370,417. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Price Performance

MPWR opened at $1,124.15 on Friday. The stock has a market cap of $53.86 billion, a P/E ratio of 28.71, a P/E/G ratio of 3.32 and a beta of 1.45. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,188.66. The stock’s 50 day simple moving average is $978.80 and its 200 day simple moving average is $918.38.

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

Monolithic Power Systems Dividend Announcement

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

Analyst Upgrades and Downgrades

MPWR has been the topic of a number of recent research reports. Stifel Nicolaus upped their target price on Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Wolfe Research set a $1,200.00 price target on Monolithic Power Systems and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Rosenblatt Securities upped their target price on Monolithic Power Systems from $800.00 to $950.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Oppenheimer reissued an “outperform” rating and set a $1,300.00 price objective on shares of Monolithic Power Systems in a research report on Thursday. Finally, TD Cowen reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Monolithic Power Systems has a consensus rating of “Buy” and an average target price of $1,135.42.

Monolithic Power Systems 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.