New York State Common Retirement Fund Lowers Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

New York State Common Retirement Fund cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) by 16.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 75,901 shares of the semiconductor company’s stock after selling 14,872 shares during the quarter. New York State Common Retirement Fund’s holdings in Monolithic Power Systems were worth $47,877,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Huntington National Bank grew its holdings in Monolithic Power Systems by 5.6% in the third quarter. Huntington National Bank now owns 657 shares of the semiconductor company’s stock worth $304,000 after purchasing an additional 35 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Monolithic Power Systems by 8.6% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 196,781 shares of the semiconductor company’s stock worth $90,913,000 after purchasing an additional 15,609 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Monolithic Power Systems by 36.1% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 47,500 shares of the semiconductor company’s stock worth $21,945,000 after buying an additional 12,600 shares during the last quarter. Czech National Bank increased its position in Monolithic Power Systems by 0.5% during the 4th quarter. Czech National Bank now owns 8,391 shares of the semiconductor company’s stock valued at $5,293,000 after buying an additional 41 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in Monolithic Power Systems by 19.0% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 461,087 shares of the semiconductor company’s stock valued at $290,844,000 after buying an additional 73,564 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MPWR shares. TD Cowen boosted their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Oppenheimer upped their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. KeyCorp raised their price objective on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Stifel Nicolaus increased their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus target price of $670.30.

Check Out Our Latest Report on MPWR

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the completion of the sale, the executive vice president now owns 130,744 shares of the company’s stock, valued at approximately $89,145,181.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $602.01, for a total transaction of $4,816,080.00. Following the sale, the chief executive officer now owns 921,774 shares in the company, valued at approximately $554,917,165.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the transaction, the executive vice president now directly owns 130,744 shares in the company, valued at approximately $89,145,181.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,077 shares of company stock worth $30,357,479. Company insiders own 3.20% of the company’s stock.

Monolithic Power Systems Price Performance

MPWR stock opened at $642.21 on Thursday. The company has a market cap of $31.25 billion, a P/E ratio of 73.31, a price-to-earnings-growth ratio of 3.27 and a beta of 1.24. Monolithic Power Systems, Inc. has a 1 year low of $383.19 and a 1 year high of $778.15. The stock’s fifty day moving average price is $685.34 and its 200-day moving average price is $606.79.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last released its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. The firm had revenue of $454.01 million for the quarter, compared to the consensus estimate of $452.13 million. As a group, analysts expect that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $1.25 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio is currently 57.08%.

Monolithic Power Systems Company Profile

(Free Report)

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.

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

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