Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $10.10 Million Holdings in Monolithic Power Systems, Inc. $MPWR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,143 shares of the semiconductor company’s stock after selling 358 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Monolithic Power Systems were worth $10,100,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of MPWR. Brighton Jones LLC lifted its holdings in shares of Monolithic Power Systems by 46.0% during the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after purchasing an additional 200 shares during the period. Empowered Funds LLC lifted its holdings in Monolithic Power Systems by 3.1% in the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after buying an additional 161 shares during the period. NewEdge Advisors LLC lifted its holdings in Monolithic Power Systems by 3.5% in the second quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock valued at $6,863,000 after buying an additional 314 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Monolithic Power Systems by 35.2% in the second quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock valued at $26,175,000 after buying an additional 9,315 shares during the period. Finally, Globeflex Capital L P acquired a new position in Monolithic Power Systems in the second quarter valued at $347,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Down 1.5%

Shares of NASDAQ MPWR opened at $1,542.39 on Tuesday. The firm’s 50-day moving average price is $1,420.51 and its 200-day moving average price is $1,167.22. Monolithic Power Systems, Inc. has a 1-year low of $655.50 and a 1-year high of $1,714.09. The firm has a market capitalization of $75.78 billion, a P/E ratio of 111.20, a P/E/G ratio of 2.80 and a beta of 1.74.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The firm had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. During the same quarter in the prior year, the business earned $4.04 earnings per share. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Analyst Ratings Changes

MPWR has been the topic of several recent analyst reports. Raymond James Financial restated an “outperform” rating and issued a $1,800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. Zacks Research lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Wells Fargo & Company boosted their target price on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a report on Friday, May 1st. KeyCorp boosted their target price on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,599.17.

Insider Activity at Monolithic Power Systems

In other news, EVP Deming Xiao sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the completion of the sale, the executive vice president directly owned 205,959 shares of the company’s stock, valued at $340,769,463.45. The trade was a 12.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeff Zhou sold 486 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the sale, the director directly owned 3,800 shares of the company’s stock, valued at approximately $6,384,000. The trade was a 11.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 113,043 shares of company stock valued at $160,829,940 over the last quarter. 3.40% of the stock is currently owned by company insiders.

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.