New York State Teachers Retirement System Has $43.08 Million Stock Holdings in Monolithic Power Systems, Inc. $MPWR

New York State Teachers Retirement System decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,403 shares of the semiconductor company’s stock after selling 391 shares during the period. New York State Teachers Retirement System owned about 0.08% of Monolithic Power Systems worth $43,081,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Corient Private Wealth LLC lifted its position in shares of Monolithic Power Systems by 3,719.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock worth $1,855,476,000 after buying an additional 1,993,576 shares during the period. Norges Bank bought a new position in shares of Monolithic Power Systems during the fourth quarter valued at $658,656,000. Invesco Ltd. boosted its stake in shares of Monolithic Power Systems by 25.9% in the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after purchasing an additional 295,556 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Monolithic Power Systems by 77,483.1% in the 4th quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after purchasing an additional 261,893 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Monolithic Power Systems by 56.6% during the 4th quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock worth $635,770,000 after purchasing an additional 253,653 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MPWR has been the topic of a number of recent analyst reports. KeyCorp boosted their price target on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Needham & Company LLC boosted their target price on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Raymond James Financial reaffirmed an “outperform” rating and set a $1,800.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. TD Cowen boosted their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Stifel Nicolaus increased their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,599.17.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,533.95, for a total transaction of $46,018.50. Following the completion of the sale, the executive vice president directly owned 1,179 shares of the company’s stock, valued at $1,808,527.05. The trade was a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeff Zhou sold 486 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the completion of the transaction, the director directly owned 3,800 shares in the company, valued at approximately $6,384,000. The trade was a 11.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 85,939 shares of company stock worth $133,279,108 over the last 90 days. Insiders own 3.60% of the company’s stock.

Monolithic Power Systems Price Performance

MPWR stock opened at $1,288.16 on Friday. The company has a 50 day moving average price of $1,537.65 and a 200 day moving average price of $1,259.07. Monolithic Power Systems, Inc. has a fifty-two week low of $686.87 and a fifty-two week high of $1,714.09. The stock has a market capitalization of $63.29 billion, a PE ratio of 92.87, a price-to-earnings-growth ratio of 2.30 and a beta of 1.71.

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

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 57.68%.

Monolithic Power Systems Company 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.