Teacher Retirement System of Texas Decreases Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Teacher Retirement System of Texas lowered its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 83.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 456 shares of the semiconductor company’s stock after selling 2,277 shares during the quarter. Teacher Retirement System of Texas’ holdings in Monolithic Power Systems were worth $270,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MPWR. Royal London Asset Management Ltd. raised its holdings in Monolithic Power Systems by 5.3% during the fourth quarter. Royal London Asset Management Ltd. now owns 28,834 shares of the semiconductor company’s stock worth $17,061,000 after purchasing an additional 1,445 shares in the last quarter. Credit Capital Investments LLC acquired a new stake in Monolithic Power Systems during the 4th quarter worth $414,000. Harvest Fund Management Co. Ltd raised its stake in Monolithic Power Systems by 76.6% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 14,535 shares of the semiconductor company’s stock worth $8,600,000 after acquiring an additional 6,306 shares in the last quarter. Andar Capital Management HK Ltd purchased a new stake in Monolithic Power Systems in the fourth quarter valued at $1,420,000. Finally, Xponance Inc. boosted its stake in Monolithic Power Systems by 7.7% in the fourth quarter. Xponance Inc. now owns 11,737 shares of the semiconductor company’s stock valued at $6,945,000 after acquiring an additional 836 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

MPWR opened at $581.48 on Wednesday. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The business has a 50-day moving average of $635.06 and a two-hundred day moving average of $692.69. The stock has a market capitalization of $27.83 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03.

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

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.56 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. This represents a $6.24 annualized dividend and a dividend yield of 1.07%. Monolithic Power Systems’s payout ratio is currently 16.97%.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the completion of the sale, the executive vice president now owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on MPWR shares. Needham & Company LLC lifted their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Citigroup initiated coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price on the stock. KeyCorp upped their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Wells Fargo & Company cut their price objective on shares of Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research report on Friday, March 21st. Finally, Oppenheimer reissued an “outperform” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $851.58.

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.