Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,647 shares of the semiconductor company’s stock after selling 186 shares during the quarter. Kentucky Retirement Systems’ holdings in Monolithic Power Systems were worth $2,471,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Monolithic Power Systems by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock worth $3,739,318,000 after acquiring an additional 55,874 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Monolithic Power Systems by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 1,830,569 shares of the semiconductor company’s stock worth $1,154,686,000 after buying an additional 43,191 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Monolithic Power Systems by 0.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,056,183 shares of the semiconductor company’s stock worth $666,219,000 after buying an additional 3,105 shares in the last quarter. Brown Advisory Inc. lifted its holdings in Monolithic Power Systems by 4.4% during the 4th quarter. Brown Advisory Inc. now owns 1,028,467 shares of the semiconductor company’s stock worth $648,736,000 after buying an additional 43,225 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Monolithic Power Systems by 10.0% during the 4th quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after buying an additional 85,676 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 10,999 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $843.83, for a total value of $9,281,286.17. Following the transaction, the executive vice president now directly owns 118,876 shares of the company’s stock, valued at approximately $100,311,135.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Maurice Sciammas sold 10,999 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $843.83, for a total value of $9,281,286.17. Following the transaction, the executive vice president now directly owns 118,876 shares of the company’s stock, valued at approximately $100,311,135.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Theodore Blegen sold 2,580 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total transaction of $2,145,476.40. Following the completion of the transaction, the chief financial officer now directly owns 67,406 shares in the company, valued at $56,053,481.48. The disclosure for this sale can be found here. Insiders have sold 96,709 shares of company stock valued at $75,968,818 in the last ninety days. Insiders own 3.20% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR traded up $13.72 during trading hours on Monday, reaching $835.50. The stock had a trading volume of 128,014 shares, compared to its average volume of 519,026. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $891.67. The firm’s 50 day moving average is $804.78 and its 200-day moving average is $721.30. The stock has a market capitalization of $40.67 billion, a price-to-earnings ratio of 100.41, a P/E/G ratio of 4.11 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. The firm had revenue of $457.89 million for the quarter, compared to the consensus estimate of $447.76 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. Analysts forecast that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.59%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MPWR shares. Needham & Company LLC reiterated a “buy” rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Thursday, May 2nd. KeyCorp increased their target price on shares of Monolithic Power Systems from $850.00 to $975.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Wells Fargo & Company increased their target price on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Oppenheimer increased their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. Finally, Truist Financial increased their price objective on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $822.38.

Monolithic Power Systems Company 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.