Teachers Retirement System of The State of Kentucky Sells 178 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Teachers Retirement System of The State of Kentucky trimmed its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,557 shares of the semiconductor company’s stock after selling 178 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Monolithic Power Systems were worth $3,288,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MPWR. Evergreen Capital Management LLC raised its holdings in shares of Monolithic Power Systems by 1.4% in the second quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock valued at $731,000 after buying an additional 12 shares during the last quarter. Outlook Wealth Advisors LLC grew its stake in shares of Monolithic Power Systems by 2.5% during the third quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock valued at $461,000 after purchasing an additional 12 shares during the last quarter. Greenleaf Trust increased its holdings in shares of Monolithic Power Systems by 1.5% in the third quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock valued at $905,000 after purchasing an additional 14 shares in the last quarter. Aptus Capital Advisors LLC raised its position in Monolithic Power Systems by 4.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock worth $285,000 after purchasing an additional 14 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Monolithic Power Systems by 4.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 332 shares of the semiconductor company’s stock worth $287,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 0.5 %

NASDAQ:MPWR opened at $608.44 on Friday. The stock has a market cap of $29.68 billion, a price-to-earnings ratio of 68.60, a PEG ratio of 2.97 and a beta of 1.05. The stock has a 50-day moving average price of $730.56 and a two-hundred day moving average price of $807.22. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The company had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.82%. Monolithic Power Systems’s dividend payout ratio is 56.37%.

Insider Activity

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the sale, the executive vice president now owns 162,239 shares in the company, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the transaction, the chief financial officer now directly owns 53,444 shares of the company’s stock, valued at $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,100 shares of company stock worth $17,153,021 over the last three months. Corporate insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MPWR shares. TD Cowen lowered their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Citigroup began coverage on Monolithic Power Systems in a report on Wednesday. They set a “buy” rating and a $700.00 price objective for the company. Oppenheimer reiterated an “outperform” rating and set a $900.00 price target on shares of Monolithic Power Systems in a research report on Monday, November 11th. Truist Financial restated a “buy” rating and issued a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus lifted their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $828.67.

About Monolithic Power Systems

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.