Public Employees Retirement System of Ohio Sells 976 Shares of Monolithic Power Systems, Inc. $MPWR

Public Employees Retirement System of Ohio reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,147 shares of the semiconductor company’s stock after selling 976 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Monolithic Power Systems were worth $23,121,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Merit Financial Group LLC grew its holdings in shares of Monolithic Power Systems by 183.9% during the 4th quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock worth $2,499,000 after acquiring an additional 1,786 shares during the period. Fideuram Asset Management Ireland dac purchased a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $3,983,000. Mirabaud Asset Management Ltd bought a new position in Monolithic Power Systems in the fourth quarter worth $4,424,000. B. Metzler seel. Sohn & Co. AG raised its holdings in Monolithic Power Systems by 45.9% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 2,448 shares of the semiconductor company’s stock worth $2,219,000 after purchasing an additional 770 shares in the last quarter. Finally, Generate Investment Management Ltd purchased a new position in Monolithic Power Systems during the 4th quarter valued at about $9,364,000. 93.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MPWR shares. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. KeyCorp increased their target price on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Needham & Company LLC lifted 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. Wells Fargo & Company decreased their price target on Monolithic Power Systems from $1,860.00 to $1,700.00 and set an “overweight” rating for the company in a research note on Monday, July 20th. Finally, TD Cowen upped their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,657.27.

Insider Activity

In related news, Director Eugen J. Elmiger sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the transaction, the director owned 5,402 shares of the company’s stock, valued at approximately $8,561,953.92. This trade represents a 68.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,351.61, for a total transaction of $40,548.30. Following the sale, the executive vice president owned 1,149 shares of the company’s stock, valued at $1,552,999.89. This trade represents a 2.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 69,370 shares of company stock worth $112,702,503. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Price Performance

MPWR stock opened at $1,333.81 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $704.02 and a 1 year high of $1,714.09. The company has a market cap of $65.53 billion, a P/E ratio of 96.17, a price-to-earnings-growth ratio of 2.38 and a beta of 1.71. The stock’s fifty day moving average price is $1,461.46 and its 200-day moving average price is $1,301.85.

Monolithic Power Systems (NASDAQ:MPWR) last posted 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 company had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. During the same quarter in the prior year, the business earned $4.04 earnings per share. Monolithic Power Systems’s revenue for the quarter was up 26.1% compared to the same quarter last year. As a group, analysts expect that Monolithic Power Systems, Inc. will post 20.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is currently 57.68%.

Monolithic Power Systems 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.