State Board of Administration of Florida Retirement System Increases Stake in Monolithic Power Systems, Inc. (MPWR)

State Board of Administration of Florida Retirement System grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,143 shares of the semiconductor company’s stock after buying an additional 260 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Monolithic Power Systems were worth $6,523,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. grew its stake in shares of Monolithic Power Systems by 81.3% during the 4th quarter. Meeder Asset Management Inc. now owns 310 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 139 shares during the period. CWM LLC grew its stake in shares of Monolithic Power Systems by 128.5% during the 1st quarter. CWM LLC now owns 377 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 212 shares during the period. Cutler Group LP purchased a new stake in shares of Monolithic Power Systems during the 4th quarter valued at $58,000. Valeo Financial Advisors LLC grew its stake in shares of Monolithic Power Systems by 553.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 516 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 437 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in shares of Monolithic Power Systems by 98.2% during the 1st quarter. Quadrant Capital Group LLC now owns 672 shares of the semiconductor company’s stock valued at $86,000 after buying an additional 333 shares during the period. 99.20% of the stock is owned by institutional investors.

In other Monolithic Power Systems news, VP Maurice Sciammas sold 3,563 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $145.00, for a total value of $516,635.00. Following the transaction, the vice president now owns 445,166 shares in the company, valued at approximately $64,549,070. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Deming Xiao sold 13,979 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $138.74, for a total transaction of $1,939,446.46. Following the completion of the transaction, the insider now owns 367,835 shares in the company, valued at approximately $51,033,427.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 263,601 shares of company stock valued at $36,460,878. 4.00% of the stock is owned by corporate insiders.



Shares of Monolithic Power Systems stock opened at $122.98 on Wednesday. Monolithic Power Systems, Inc. has a twelve month low of $101.99 and a twelve month high of $161.22. The firm has a market cap of $5.37 billion, a P/E ratio of 51.46, a price-to-earnings-growth ratio of 1.90 and a beta of 1.46.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.84 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.84. Monolithic Power Systems had a net margin of 18.43% and a return on equity of 17.99%. The firm had revenue of $141.40 million during the quarter, compared to analysts’ expectations of $141.11 million. During the same period in the prior year, the company earned $0.79 EPS. The firm’s revenue was up 9.4% on a year-over-year basis. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 2.62 earnings per share for the current year.

Several brokerages have recently issued reports on MPWR. Zacks Investment Research cut shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. BidaskClub cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Monday. Needham & Company LLC cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Deutsche Bank upped their price target on shares of Monolithic Power Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Finally, ValuEngine cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $148.88.

WARNING: This piece was posted by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://dakotafinancialnews.com/2019/05/22/state-board-of-administration-of-florida-retirement-system-increases-stake-in-monolithic-power-systems-inc-mpwr.html.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers 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, monitors, automobiles, and medical equipment.

See Also: What does cost of debt say about a company’s financial health?

Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR).

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

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.