New York State Teachers Retirement System Trims Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

New York State Teachers Retirement System lowered its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,508 shares of the semiconductor company's stock after selling 655 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Monolithic Power Systems worth $24,560,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. increased its position in shares of Monolithic Power Systems by 6.6% during the 3rd quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company's stock valued at $16,259,000 after purchasing an additional 1,082 shares during the last quarter. EULAV Asset Management increased its position in shares of Monolithic Power Systems by 8.6% during the 3rd quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company's stock valued at $100,099,000 after purchasing an additional 8,600 shares during the last quarter. Paragon Advisors LLC increased its holdings in Monolithic Power Systems by 140.6% in the 4th quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company's stock worth $3,034,000 after acquiring an additional 2,997 shares in the last quarter. Empowered Funds LLC increased its holdings in Monolithic Power Systems by 29.0% in the 3rd quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company's stock worth $3,741,000 after acquiring an additional 909 shares in the last quarter. Finally, Perpetual Ltd increased its holdings in Monolithic Power Systems by 1,042.4% in the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company's stock worth $1,737,000 after acquiring an additional 2,679 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR traded up $1.74 during midday trading on Wednesday, reaching $692.51. 707,099 shares of the stock traded hands, compared to its average volume of 887,446. The stock has a market capitalization of $33.78 billion, a PE ratio of 18.83, a P/E/G ratio of 2.58 and a beta of 1.03. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The company's 50 day moving average is $631.75 and its 200 day moving average is $749.13.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts' consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.56 dividend. The ex-dividend date is Monday, March 31st. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a yield of 0.90%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 13.60%.

Insider Buying and Selling

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the sale, the chief financial officer now owns 53,444 shares in the company, valued at $32,066,400. This trade represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the sale, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MPWR has been the subject of several analyst reports. TD Cowen reduced their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating for the company in a report on Thursday, October 31st. KeyCorp increased their target price on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Oppenheimer reduced their target price on shares of Monolithic Power Systems from $900.00 to $800.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Rosenblatt Securities reissued a "neutral" rating and issued a $880.00 target price on shares of Monolithic Power Systems in a report on Thursday, February 6th. Finally, Loop Capital increased their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and an average target price of $866.17.

Monolithic Power Systems 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.