Oregon Public Employees Retirement Fund Buys 1,293 Shares of Monolithic Power Systems, Inc. $MPWR

Oregon Public Employees Retirement Fund lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 30.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 5,475 shares of the semiconductor company’s stock after purchasing an additional 1,293 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Monolithic Power Systems were worth $5,041,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Monolithic Power Systems by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,939,946 shares of the semiconductor company’s stock worth $4,344,358,000 after acquiring an additional 19,277 shares during the period. JPMorgan Chase & Co. grew its position in shares of Monolithic Power Systems by 36.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock valued at $626,592,000 after purchasing an additional 227,159 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Monolithic Power Systems by 18.0% in the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock worth $506,661,000 after purchasing an additional 105,721 shares during the period. Norges Bank purchased a new stake in shares of Monolithic Power Systems in the second quarter worth $438,014,000. Finally, Rafferty Asset Management LLC boosted its stake in Monolithic Power Systems by 36.1% during the second quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock valued at $386,991,000 after buying an additional 140,269 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Insider Transactions at Monolithic Power Systems

In related news, EVP Saria Tseng sold 20,000 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $926.47, for a total transaction of $18,529,400.00. Following the sale, the executive vice president owned 187,331 shares of the company’s stock, valued at $173,556,551.57. The trade was a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Victor K. Lee sold 600 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $930.86, for a total value of $558,516.00. Following the completion of the sale, the director directly owned 27,967 shares in the company, valued at approximately $26,033,361.62. This represents a 2.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 88,116 shares of company stock worth $81,923,621. 3.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MPWR shares. Rosenblatt Securities lifted their price target on Monolithic Power Systems from $800.00 to $950.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. KeyCorp lifted their target price on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Stifel Nicolaus increased their price target on shares of Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Citigroup raised their price objective on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,074.58.

Monolithic Power Systems Stock Down 0.0%

Shares of NASDAQ MPWR opened at $958.97 on Friday. The firm’s fifty day moving average is $940.55 and its 200 day moving average is $885.03. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,123.38. The company has a market cap of $45.94 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 2.72 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $4.62 by $0.11. The business had revenue of $737.18 million during the quarter, compared to analyst estimates of $720.66 million. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.Monolithic Power Systems’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.06 EPS. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, December 31st. Monolithic Power Systems’s payout ratio is 15.93%.

About Monolithic Power Systems

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.