Oregon Public Employees Retirement Fund Raises Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Oregon Public Employees Retirement Fund raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,956 shares of the semiconductor company’s stock after buying an additional 379 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Monolithic Power Systems were worth $2,167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MPWR. Dimensional Fund Advisors LP lifted its stake in Monolithic Power Systems by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 245,914 shares of the semiconductor company’s stock worth $28,587,000 after purchasing an additional 8,939 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Monolithic Power Systems by 607.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 16,592 shares of the semiconductor company’s stock worth $1,929,000 after purchasing an additional 14,246 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $255,000. Legal & General Group Plc lifted its stake in Monolithic Power Systems by 6.4% in the 4th quarter. Legal & General Group Plc now owns 47,830 shares of the semiconductor company’s stock worth $5,560,000 after purchasing an additional 2,856 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Monolithic Power Systems by 0.4% in the 4th quarter. Millennium Management LLC now owns 85,149 shares of the semiconductor company’s stock worth $9,899,000 after purchasing an additional 361 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Shares of Monolithic Power Systems stock traded down $3.14 on Friday, hitting $146.61. 273,459 shares of the company traded hands, compared to its average volume of 235,866. The company’s 50-day simple moving average is $139.19. The company has a market capitalization of $6.38 billion, a P/E ratio of 61.34, a P/E/G ratio of 2.27 and a beta of 1.68. Monolithic Power Systems, Inc. has a 12-month low of $101.99 and a 12-month high of $161.50.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.15). The company had revenue of $151.00 million for the quarter, compared to analysts’ expectations of $150.56 million. Monolithic Power Systems had a net margin of 17.51% and a return on equity of 16.99%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 2.61 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Thursday, June 27th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 66.95%.

In other news, CEO Michael Hsing sold 27,500 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $136.79, for a total transaction of $3,761,725.00. Following the sale, the chief executive officer now owns 1,138,992 shares in the company, valued at approximately $155,802,715.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Theodore Blegen sold 905 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $139.56, for a total transaction of $126,301.80. Following the sale, the chief financial officer now owns 92,790 shares in the company, valued at approximately $12,949,772.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,358 shares of company stock worth $22,093,090. Corporate insiders own 3.00% of the company’s stock.

Several analysts have issued reports on the stock. ValuEngine upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Needham & Company LLC cut shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. BidaskClub upgraded shares of Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 26th. Zacks Investment Research cut shares of Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Finally, Loop Capital began coverage on shares of Monolithic Power Systems in a research note on Tuesday, June 18th. They issued a “buy” rating and a $144.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $147.14.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers 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, monitors, automobiles, and medical equipment.

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

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