Teacher Retirement System of Texas Has $270,000 Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Teacher Retirement System of Texas decreased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 83.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 456 shares of the semiconductor company's stock after selling 2,277 shares during the period. Teacher Retirement System of Texas' holdings in Monolithic Power Systems were worth $270,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC increased its holdings in shares of Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management bought a new position in Monolithic Power Systems in the 4th quarter valued at $27,000. Golden State Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems in the 4th quarter valued at $39,000. AlphaQuest LLC bought a new stake in shares of Monolithic Power Systems during the fourth quarter worth $41,000. Finally, Versant Capital Management Inc lifted its stake in shares of Monolithic Power Systems by 60.3% during the fourth quarter. Versant Capital Management Inc now owns 109 shares of the semiconductor company's stock valued at $64,000 after acquiring an additional 41 shares during the period. Institutional investors own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MPWR. KeyCorp boosted their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Citigroup began coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a "buy" rating and a $700.00 price objective on the stock. Oppenheimer reiterated an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, March 21st. Finally, Loop Capital raised their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $851.58.

Monolithic Power Systems Trading Down 4.3 %

Shares of NASDAQ:MPWR traded down $21.29 during trading on Friday, hitting $477.39. 1,732,757 shares of the company's stock traded hands, compared to its average volume of 729,622. The company has a 50-day moving average price of $625.06 and a 200-day moving average price of $685.32. Monolithic Power Systems, Inc. has a 52 week low of $451.29 and a 52 week high of $959.64. The company has a market cap of $22.85 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. On average, analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $1.56 per share. 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 dividend yield of 1.31%. Monolithic Power Systems's dividend payout ratio (DPR) is presently 16.97%.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the completion of the transaction, the executive vice president now owns 16,015 shares of the company's stock, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is owned by insiders.

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.