Teacher Retirement System of Texas Buys 7,354 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Teacher Retirement System of Texas boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Rating) by 7.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,851 shares of the semiconductor company’s stock after buying an additional 7,354 shares during the quarter. Teacher Retirement System of Texas’ holdings in Monolithic Power Systems were worth $49,953,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MPWR. Quent Capital LLC bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at about $36,000. Sageworth Trust Co of South Dakota bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at about $43,000. Covestor Ltd bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at about $51,000. JJJ Advisors Inc. raised its stake in shares of Monolithic Power Systems by 71.8% during the 1st quarter. JJJ Advisors Inc. now owns 146 shares of the semiconductor company’s stock worth $71,000 after acquiring an additional 61 shares in the last quarter. Finally, Newfound Research LLC bought a new position in shares of Monolithic Power Systems during the 1st quarter worth approximately $78,000. Institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MPWR. Raymond James reduced their price objective on shares of Monolithic Power Systems from $600.00 to $570.00 and set an “outperform” rating for the company in a research note on Tuesday. Truist Financial reduced their price objective on shares of Monolithic Power Systems from $568.00 to $545.00 in a research note on Friday, April 8th. Cowen boosted their price objective on shares of Monolithic Power Systems from $550.00 to $600.00 and gave the stock an “outperform” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Monolithic Power Systems from $457.00 to $530.00 in a research report on Tuesday. Finally, Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $569.70.

Monolithic Power Systems Price Performance

MPWR stock opened at $532.33 on Friday. The firm’s fifty day simple moving average is $426.87 and its 200-day simple moving average is $427.63. The company has a market capitalization of $24.83 billion, a P/E ratio of 76.37, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. Monolithic Power Systems, Inc. has a 12 month low of $348.02 and a 12 month high of $580.00.

Monolithic Power Systems (NASDAQ:MPWRGet Rating) last announced its quarterly earnings results on Monday, August 1st. The semiconductor company reported $3.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.31. Monolithic Power Systems had a net margin of 22.40% and a return on equity of 26.57%. The firm had revenue of $461.00 million for the quarter, compared to the consensus estimate of $430.59 million. During the same period in the prior year, the firm posted $1.17 earnings per share. The firm’s quarterly revenue was up 57.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 9.59 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Wednesday, June 29th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 43.04%.

Insider Buying and Selling

In related news, insider Deming Xiao sold 4,515 shares of the stock in a transaction on Friday, July 1st. The shares were sold at an average price of $361.58, for a total transaction of $1,632,533.70. Following the sale, the insider now directly owns 282,074 shares of the company’s stock, valued at $101,992,316.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $520.00, for a total transaction of $104,000.00. Following the completion of the transaction, the director now directly owns 5,851 shares in the company, valued at $3,042,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Deming Xiao sold 4,515 shares of the stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $361.58, for a total transaction of $1,632,533.70. Following the completion of the sale, the insider now owns 282,074 shares of the company’s stock, valued at $101,992,316.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,458 shares of company stock valued at $7,922,989. Corporate insiders own 2.00% of the company’s stock.

About Monolithic Power Systems

(Get Rating)

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.

Featured Stories

Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWRGet Rating).

Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.