Teachers Retirement System of The State of Kentucky Has $1.59 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Teachers Retirement System of The State of Kentucky trimmed its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Rating) by 8.1% in the first quarter, HoldingsChannel.com reports. The firm owned 3,263 shares of the semiconductor company’s stock after selling 286 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Monolithic Power Systems were worth $1,585,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MPWR. Achmea Investment Management B.V. acquired a new stake in Monolithic Power Systems in the first quarter valued at $27,000. Quent Capital LLC acquired a new stake in Monolithic Power Systems during the 4th quarter worth about $36,000. Brown Brothers Harriman & Co. acquired a new stake in Monolithic Power Systems during the 1st quarter worth about $57,000. JJJ Advisors Inc. grew its holdings in Monolithic Power Systems by 71.8% during the 1st quarter. JJJ Advisors Inc. now owns 146 shares of the semiconductor company’s stock worth $71,000 after acquiring an additional 61 shares during the period. Finally, Newfound Research LLC acquired a new stake in Monolithic Power Systems during the 1st quarter worth about $78,000. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $403.86 on Thursday. Monolithic Power Systems, Inc. has a fifty-two week low of $348.02 and a fifty-two week high of $580.00. The stock has a market cap of $18.90 billion, a price-to-earnings ratio of 57.94, a PEG ratio of 1.74 and a beta of 1.10. The firm’s 50-day simple moving average is $464.87 and its 200 day simple moving average is $438.31.

Monolithic Power Systems (NASDAQ:MPWRGet Rating) last announced its quarterly earnings results on Monday, August 1st. The semiconductor company reported $3.25 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.31. Monolithic Power Systems had a net margin of 22.40% and a return on equity of 26.57%. The business had revenue of $461.00 million for the quarter, compared to analysts’ expectations of $430.59 million. During the same quarter last year, the firm earned $1.17 EPS. The firm’s revenue for the quarter was up 57.2% compared to the same quarter last year. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 9.59 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a $0.75 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $3.00 annualized dividend and a yield of 0.74%. Monolithic Power Systems’s payout ratio is 43.04%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 950 shares of the stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $361.58, for a total value of $343,501.00. Following the completion of the sale, the chief financial officer now owns 129,043 shares in the company, valued at approximately $46,659,367.94. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Monolithic Power Systems news, CEO Michael Hsing sold 11,495 shares of the stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $361.57, for a total value of $4,156,247.15. Following the completion of the sale, the chief executive officer now owns 1,026,928 shares in the company, valued at approximately $371,306,356.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Theodore Blegen sold 950 shares of the stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $361.58, for a total transaction of $343,501.00. Following the completion of the sale, the chief financial officer now owns 129,043 shares of the company’s stock, valued at approximately $46,659,367.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,482 shares of company stock valued at $16,926,370. 3.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on MPWR shares. KeyCorp increased their price target on Monolithic Power Systems from $570.00 to $580.00 and gave the stock an “overweight” rating in a report on Tuesday, August 2nd. Cowen increased their price target on Monolithic Power Systems from $550.00 to $600.00 and gave the stock an “outperform” rating in a report on Tuesday, August 2nd. Oppenheimer increased their price target on Monolithic Power Systems from $500.00 to $550.00 in a report on Tuesday, August 2nd. Raymond James cut their price objective on shares of Monolithic Power Systems from $600.00 to $570.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 2nd. Finally, Cowen increased their price objective on shares of Monolithic Power Systems from $550.00 to $600.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 2nd. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $571.67.

Monolithic Power Systems Company Profile

(Get Rating)

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.

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

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