Louisiana State Employees Retirement System Buys Shares of 2,900 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Louisiana State Employees Retirement System bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,900 shares of the semiconductor company’s stock, valued at approximately $1,829,000.

Other institutional investors have also added to or reduced their stakes in the company. Huntington National Bank boosted its stake in Monolithic Power Systems by 5.6% during the 3rd quarter. Huntington National Bank now owns 657 shares of the semiconductor company’s stock valued at $304,000 after purchasing an additional 35 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Monolithic Power Systems by 8.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 196,781 shares of the semiconductor company’s stock valued at $90,913,000 after purchasing an additional 15,609 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Monolithic Power Systems by 36.1% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 47,500 shares of the semiconductor company’s stock valued at $21,945,000 after purchasing an additional 12,600 shares during the last quarter. Czech National Bank boosted its stake 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 purchasing an additional 41 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake 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 purchasing an additional 73,564 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MPWR shares. TD Cowen increased their price target on Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. KeyCorp increased their price target on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Rosenblatt Securities increased their price target on Monolithic Power Systems from $550.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, December 26th. Stifel Nicolaus increased their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Finally, Oppenheimer increased their price target on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average price target of $670.30.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $620.31 on Friday. Monolithic Power Systems, Inc. has a one year low of $383.19 and a one year high of $778.15. The stock’s fifty day moving average is $697.55 and its 200 day moving average is $601.37. The stock has a market cap of $30.18 billion, a P/E ratio of 70.81, a P/E/G ratio of 3.51 and a beta of 1.24.

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

Monolithic Power Systems Increases Dividend

The firm also recently declared 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. The ex-dividend date was Wednesday, March 27th. 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 0.81%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 57.08%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $603.26, for a total transaction of $1,508,150.00. Following the sale, the chief financial officer now directly owns 84,768 shares of the company’s stock, valued at $51,137,143.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $750.57, for a total transaction of $150,114.00. Following the sale, the director now directly owns 6,269 shares of the company’s stock, valued at $4,705,323.33. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $603.26, for a total value of $1,508,150.00. Following the transaction, the chief financial officer now owns 84,768 shares of the company’s stock, valued at approximately $51,137,143.68. The disclosure for this sale can be found here. Insiders have sold a total of 45,077 shares of company stock valued at $30,357,479 over the last ninety days. 3.20% of the stock is currently owned by company insiders.

Monolithic Power Systems Profile

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.