New York State Common Retirement Fund Buys 3,300 Shares of Monolithic Power Systems, Inc. $MPWR

New York State Common Retirement Fund lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 14.1% in the third quarter, Holdings Channel.com reports. The fund owned 26,706 shares of the semiconductor company’s stock after purchasing an additional 3,300 shares during the quarter. New York State Common Retirement Fund’s holdings in Monolithic Power Systems were worth $24,587,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC grew its holdings in Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 200 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Monolithic Power Systems by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after purchasing an additional 161 shares during the period. Truist Financial Corp lifted its stake in Monolithic Power Systems by 1.5% in the second quarter. Truist Financial Corp now owns 4,731 shares of the semiconductor company’s stock valued at $3,460,000 after buying an additional 68 shares during the period. ASR Vermogensbeheer N.V. raised its position in shares of Monolithic Power Systems by 105.0% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 4,454 shares of the semiconductor company’s stock valued at $3,257,000 after acquiring an additional 2,281 shares during the period. Finally, Jackson Wealth Management LLC increased its stake in Monolithic Power Systems by 1.2% in the second quarter. Jackson Wealth Management LLC now owns 2,930 shares of the semiconductor company’s stock valued at $2,143,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Monolithic Power Systems Stock Down 5.0%

NASDAQ:MPWR opened at $1,124.15 on Friday. The firm has a market capitalization of $53.86 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 3.32 and a beta of 1.45. The stock’s 50-day simple moving average is $978.80 and its 200 day simple moving average is $918.38. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $1,188.66.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates of $4.62 by $0.11. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The business had revenue of $737.18 million for the quarter, compared to analyst estimates of $720.66 million. During the same quarter in the previous year, the company posted $4.06 EPS. Monolithic Power Systems’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a dividend of $1.56 per share. 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 (DPR) is currently 15.93%.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Victor K. Lee sold 1,000 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $951.72, for a total value of $951,720.00. Following the completion of the sale, the director directly owned 28,567 shares in the company, valued at approximately $27,187,785.24. The trade was a 3.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $1,024.43, for a total transaction of $3,073,290.00. Following the completion of the sale, the chief financial officer directly owned 74,332 shares of the company’s stock, valued at approximately $76,147,930.76. This trade represents a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 69,976 shares of company stock valued at $63,370,417. Insiders own 3.40% of the company’s stock.

About Monolithic Power Systems

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.