Illinois Municipal Retirement Fund Sells 4,579 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Illinois Municipal Retirement Fund trimmed its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 21.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,686 shares of the semiconductor company’s stock after selling 4,579 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Monolithic Power Systems were worth $13,711,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dynamic Advisor Solutions LLC raised its holdings in Monolithic Power Systems by 3.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after buying an additional 12 shares during the last quarter. Baader Bank Aktiengesellschaft increased its holdings in shares of Monolithic Power Systems by 0.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,831 shares of the semiconductor company’s stock worth $1,153,000 after purchasing an additional 14 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Monolithic Power Systems by 23.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 15 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Monolithic Power Systems by 2.8% during the second quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock valued at $458,000 after purchasing an additional 15 shares in the last quarter. Finally, American National Bank lifted its holdings in shares of Monolithic Power Systems by 1.5% during the fourth quarter. American National Bank now owns 1,060 shares of the semiconductor company’s stock valued at $669,000 after purchasing an additional 16 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR traded down $35.18 during midday trading on Friday, reaching $806.31. The stock had a trading volume of 804,027 shares, compared to its average volume of 536,910. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $959.64. The stock has a 50-day moving average of $854.54 and a 200-day moving average of $764.82. The company has a market capitalization of $39.25 billion, a price-to-earnings ratio of 96.10, a price-to-earnings-growth ratio of 4.32 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The business had revenue of $507.40 million for the quarter, compared to analysts’ expectations of $490.66 million. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. During the same period last year, the firm earned $2.05 earnings per share. The business’s quarterly revenue was up 15.0% on a year-over-year basis. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.62%. Monolithic Power Systems’s dividend payout ratio is 59.59%.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Deming Xiao sold 3,205 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $831.58, for a total transaction of $2,665,213.90. Following the completion of the transaction, the executive vice president now owns 203,213 shares in the company, valued at $168,987,866.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Deming Xiao sold 3,205 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $831.58, for a total transaction of $2,665,213.90. Following the completion of the transaction, the executive vice president now directly owns 203,213 shares in the company, valued at approximately $168,987,866.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the completion of the sale, the chief financial officer now owns 61,678 shares in the company, valued at approximately $55,769,247.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 98,299 shares of company stock worth $83,140,933. Insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Needham & Company LLC increased their price target on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Monday, August 5th. KeyCorp increased their target price on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Raymond James boosted their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Rosenblatt Securities increased their price objective on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $912.30.

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.