State Street Corp boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,314,548 shares of the semiconductor company’s stock after buying an additional 52,796 shares during the period. State Street Corp owned about 3.19% of Monolithic Power Systems worth $121,061,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MPWR. Louisiana State Employees Retirement System increased its stake in Monolithic Power Systems by 3.2% in the first quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the semiconductor company’s stock valued at $884,000 after buying an additional 300 shares in the last quarter. Atria Investments LLC increased its stake in Monolithic Power Systems by 7.3% in the first quarter. Atria Investments LLC now owns 3,433 shares of the semiconductor company’s stock valued at $316,000 after buying an additional 234 shares in the last quarter. Capstone Asset Management Co. increased its stake in Monolithic Power Systems by 27.6% in the first quarter. Capstone Asset Management Co. now owns 5,353 shares of the semiconductor company’s stock valued at $493,000 after buying an additional 1,157 shares in the last quarter. Bank of Montreal Can increased its stake in Monolithic Power Systems by 110.0% in the first quarter. Bank of Montreal Can now owns 373,545 shares of the semiconductor company’s stock valued at $34,404,000 after buying an additional 195,666 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in Monolithic Power Systems during the fourth quarter valued at about $658,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Monolithic Power Systems, Inc. (MPWR) traded down 0.41% on Thursday, hitting $101.44. The stock had a trading volume of 245,938 shares. Monolithic Power Systems, Inc. has a one year low of $70.00 and a one year high of $107.87. The company’s 50-day moving average is $99.72 and its 200-day moving average is $93.86. The stock has a market cap of $4.20 billion, a P/E ratio of 71.44 and a beta of 1.23.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Monolithic Power Systems had a net margin of 14.30% and a return on equity of 14.10%. The business had revenue of $112.20 million for the quarter, compared to analysts’ expectations of $110.94 million. During the same period in the prior year, the firm earned $0.54 earnings per share. Monolithic Power Systems’s revenue was up 19.3% compared to the same quarter last year. On average, analysts anticipate that Monolithic Power Systems, Inc. will post $2.87 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.79%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 56.74%.

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Several research firms recently issued reports on MPWR. Needham & Company LLC reiterated a “buy” rating and issued a $140.00 price objective (up previously from $100.00) on shares of Monolithic Power Systems in a report on Thursday, July 27th. Stifel Nicolaus reissued a “buy” rating and set a $117.00 target price (up from $110.00) on shares of Monolithic Power Systems in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. set a $120.00 target price on Monolithic Power Systems and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Zacks Investment Research cut Monolithic Power Systems from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, BidaskClub cut Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $112.29.

In other news, VP Saria Tseng sold 5,606 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $92.24, for a total transaction of $517,097.44. Following the sale, the vice president now directly owns 295,738 shares of the company’s stock, valued at $27,278,873.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 4,604 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $99.00, for a total transaction of $455,796.00. Following the completion of the transaction, the chief financial officer now owns 42,530 shares in the company, valued at $4,210,470. The disclosure for this sale can be found here. Insiders have sold 120,571 shares of company stock worth $11,643,419 over the last three months. 4.00% of the stock is owned by insiders.

Monolithic Power Systems Company 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.

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

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