Strs Ohio Has $76.32 Million Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Strs Ohio trimmed its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 10.3% in the first quarter, HoldingsChannel reports. The firm owned 69,807 shares of the semiconductor company’s stock after selling 8,002 shares during the quarter. Strs Ohio’s holdings in Monolithic Power Systems were worth $76,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth about $34,000. IFP Advisors Inc grew its stake in Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares during the last quarter. Covestor Ltd raised its holdings in Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 9 shares during the period. Greenline Wealth Management LLC bought a new position in Monolithic Power Systems in the 4th quarter valued at about $38,000. Finally, Torren Management LLC acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $49,000. 93.46% of the stock is owned by institutional investors.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the completion of the transaction, the executive vice president directly owned 166,644 shares of the company’s stock, valued at $260,197,941.60. The trade was a 6.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eugen J. Elmiger sold 12,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the sale, the director owned 5,402 shares of the company’s stock, valued at approximately $8,561,953.92. The trade was a 68.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 85,939 shares of company stock worth $133,279,108. Corporate insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Down 3.3%

NASDAQ MPWR opened at $1,288.16 on Friday. The firm has a 50-day moving average price of $1,542.33 and a two-hundred day moving average price of $1,258.86. Monolithic Power Systems, Inc. has a 12-month low of $686.87 and a 12-month high of $1,714.09. The company has a market capitalization of $63.29 billion, a P/E ratio of 92.87, a P/E/G ratio of 2.38 and a beta of 1.71.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The company had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. During the same period last year, the firm earned $4.04 earnings per share. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. Equities analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 57.68%.

Analysts Set New Price Targets

MPWR has been the subject of a number of research analyst reports. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. KeyCorp lifted their price target on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Rosenblatt Securities boosted their price target on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. Finally, Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

Monolithic Power Systems Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.