New Mexico Educational Retirement Board Buys Shares of 9,400 Monolithic Power Systems, Inc. (MPWR)

New Mexico Educational Retirement Board bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,400 shares of the semiconductor company’s stock, valued at approximately $1,056,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. ETRADE Capital Management LLC boosted its holdings in shares of Monolithic Power Systems by 5.8% in the 3rd quarter. ETRADE Capital Management LLC now owns 7,854 shares of the semiconductor company’s stock worth $837,000 after purchasing an additional 430 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Monolithic Power Systems by 12.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 4,180 shares of the semiconductor company’s stock worth $445,000 after purchasing an additional 451 shares in the last quarter. HL Financial Services LLC boosted its holdings in shares of Monolithic Power Systems by 0.9% in the 4th quarter. HL Financial Services LLC now owns 54,447 shares of the semiconductor company’s stock worth $6,118,000 after purchasing an additional 508 shares in the last quarter. Campbell Newman Asset Management Inc. boosted its holdings in shares of Monolithic Power Systems by 22.8% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 2,965 shares of the semiconductor company’s stock worth $333,000 after purchasing an additional 551 shares in the last quarter. Finally, Whittier Trust Co. boosted its holdings in shares of Monolithic Power Systems by 1.4% in the 3rd quarter. Whittier Trust Co. now owns 41,262 shares of the semiconductor company’s stock worth $4,396,000 after purchasing an additional 584 shares in the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.

In other news, Director James C. Moyer sold 15,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $113.70, for a total value of $1,705,500.00. Following the completion of the transaction, the director now owns 720,225 shares of the company’s stock, valued at approximately $81,889,582.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Deming Xiao sold 29,203 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $108.19, for a total value of $3,159,472.57. Following the completion of the transaction, the insider now directly owns 340,036 shares of the company’s stock, valued at approximately $36,788,494.84. The disclosure for this sale can be found here. Insiders sold a total of 305,585 shares of company stock valued at $34,247,093 in the last three months. Corporate insiders own 4.00% of the company’s stock.

MPWR has been the subject of a number of research reports. BidaskClub cut Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. Stifel Nicolaus increased their target price on Monolithic Power Systems from $117.00 to $126.00 and gave the company a “buy” rating in a report on Friday, October 27th. Oppenheimer increased their target price on Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, October 27th. KeyCorp restated a “buy” rating and set a $125.00 target price on shares of Monolithic Power Systems in a report on Friday, October 27th. Finally, Zacks Investment Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $140.00 target price for the company in a report on Thursday, November 2nd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $129.25.

Monolithic Power Systems, Inc. (NASDAQ MPWR) opened at $117.19 on Friday. The company has a market capitalization of $4,875.50, a P/E ratio of 64.02, a price-to-earnings-growth ratio of 2.46 and a beta of 1.27. Monolithic Power Systems, Inc. has a 52-week low of $86.84 and a 52-week high of $126.80.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. The business had revenue of $129.43 million during the quarter, compared to analyst estimates of $126.19 million. Monolithic Power Systems had a return on equity of 16.51% and a net margin of 13.85%. Monolithic Power Systems’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 EPS. equities analysts predict that Monolithic Power Systems, Inc. will post 2.64 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.20 annualized dividend and a dividend yield of 1.02%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.20. Monolithic Power Systems’s dividend payout ratio is currently 53.69%.

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Monolithic Power Systems Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

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

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