Retirement Systems of Alabama Has $8.82 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Retirement Systems of Alabama boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,735 shares of the semiconductor company’s stock after buying an additional 136 shares during the period. Retirement Systems of Alabama’s holdings in Monolithic Power Systems were worth $8,821,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at $362,477,000. BNP Paribas Financial Markets increased its holdings in Monolithic Power Systems by 95.1% in the first quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock valued at $206,712,000 after purchasing an additional 148,771 shares during the last quarter. UBS Group AG lifted its stake in Monolithic Power Systems by 100.4% in the fourth quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock valued at $122,552,000 after buying an additional 97,357 shares during the period. Vanguard Group Inc. boosted its holdings in Monolithic Power Systems by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock worth $3,446,624,000 after buying an additional 90,589 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Monolithic Power Systems by 10.0% during the 4th quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after buying an additional 85,676 shares during the period. 93.46% of the stock is owned by institutional investors.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the sale, the executive vice president now directly owns 29,714 shares of the company’s stock, valued at approximately $28,228,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Monolithic Power Systems news, EVP Deming Xiao sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the transaction, the executive vice president now owns 29,714 shares of the company’s stock, valued at approximately $28,228,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Saria Tseng sold 37,093 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $808.20, for a total value of $29,978,562.60. Following the sale, the executive vice president now owns 166,428 shares in the company, valued at approximately $134,507,109.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 96,956 shares of company stock valued at $79,700,158. Corporate insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MPWR shares. Rosenblatt Securities increased their price target on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, July 29th. KeyCorp increased their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Wells Fargo & Company boosted their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. TD Cowen raised their price objective on Monolithic Power Systems from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $912.30.

Monolithic Power Systems Price Performance

MPWR opened at $936.29 on Friday. The company has a market capitalization of $45.58 billion, a price-to-earnings ratio of 111.60, a P/E/G ratio of 3.92 and a beta of 1.11. The business’s 50-day moving average price is $840.77 and its two-hundred day moving average price is $753.87. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $956.63.

Monolithic Power Systems (NASDAQ:MPWR) last announced 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. Monolithic Power Systems had a return on equity of 20.63% and a net margin of 21.70%. The business had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. During the same quarter last year, the firm earned $2.05 EPS. Monolithic Power Systems’s revenue for the quarter was up 15.0% compared to the same quarter last year. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, June 28th. Monolithic Power Systems’s payout ratio is 59.59%.

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.