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

Kentucky Retirement Systems raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,668 shares of the semiconductor company’s stock after acquiring an additional 21 shares during the quarter. Kentucky Retirement Systems’ holdings in Monolithic Power Systems were worth $3,014,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MPWR. BNP Paribas Financial Markets raised its holdings in shares of Monolithic Power Systems by 95.1% during the first quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock valued at $206,712,000 after acquiring an additional 148,771 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Monolithic Power Systems by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock valued at $3,446,624,000 after purchasing an additional 90,589 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Monolithic Power Systems by 10.0% in the fourth quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock valued at $592,251,000 after purchasing an additional 85,676 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Monolithic Power Systems by 952.2% in the first quarter. SG Americas Securities LLC now owns 93,101 shares of the semiconductor company’s stock valued at $63,068,000 after purchasing an additional 84,253 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Monolithic Power Systems by 30.1% in the first quarter. Van ECK Associates Corp now owns 321,174 shares of the semiconductor company’s stock valued at $217,569,000 after purchasing an additional 74,287 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 5.9 %

NASDAQ:MPWR opened at $911.12 on Friday. The firm has a market cap of $44.35 billion, a PE ratio of 108.60, a price-to-earnings-growth ratio of 4.14 and a beta of 1.12. The stock has a fifty day moving average price of $861.34 and a 200 day moving average price of $775.18. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The firm had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. Monolithic Power Systems’s revenue was up 15.0% compared to the same quarter last year. During the same period last year, the business posted $2.05 earnings per share. Equities analysts forecast that Monolithic Power Systems, Inc. will post 10.41 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, Director Victor K. Lee sold 1,000 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $820.46, for a total value of $820,460.00. Following the sale, the director now directly owns 29,232 shares in the company, valued at $23,983,686.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Saria Tseng sold 37,093 shares of Monolithic Power Systems stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $808.20, for a total transaction of $29,978,562.60. Following the sale, the executive vice president now owns 166,428 shares in the company, valued at $134,507,109.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Victor K. Lee sold 1,000 shares of Monolithic Power Systems stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $820.46, for a total value of $820,460.00. Following the sale, the director now owns 29,232 shares in the company, valued at approximately $23,983,686.72. The disclosure for this sale can be found here. Insiders have sold a total of 98,299 shares of company stock worth $83,140,933 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Raymond James increased their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC increased their price target on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Monday, August 5th. TD Cowen raised Monolithic Power Systems to a “strong-buy” rating in a report on Monday. Finally, Truist Financial increased their price objective on Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Buy” and an average target price of $912.30.

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.