State of Alaska Department of Revenue Has $9.96 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

State of Alaska Department of Revenue cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 17.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,704 shares of the semiconductor company’s stock after selling 3,125 shares during the quarter. State of Alaska Department of Revenue’s holdings in Monolithic Power Systems were worth $9,960,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Baader Bank Aktiengesellschaft raised 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 acquiring an additional 14 shares during 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. American National Bank raised its stake in shares of Monolithic Power Systems by 1.5% in the fourth quarter. American National Bank now owns 1,060 shares of the semiconductor company’s stock worth $669,000 after purchasing an additional 16 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Monolithic Power Systems by 4.3% in the fourth quarter. Quadrant Capital Group LLC now owns 463 shares of the semiconductor company’s stock valued at $292,000 after purchasing an additional 19 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Monolithic Power Systems by 12.3% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 182 shares of the semiconductor company’s stock valued at $115,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $839.22 on Thursday. The firm has a fifty day moving average price of $758.28 and a two-hundred day moving average price of $693.51. The company has a market cap of $40.85 billion, a price-to-earnings ratio of 100.03, a PEG ratio of 4.14 and a beta of 1.11. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $856.30.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. The firm had revenue of $457.89 million during the quarter, compared to the consensus estimate of $447.76 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. Equities research analysts expect that Monolithic Power Systems, Inc. will post 10.37 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, June 28th. This represents a $5.00 dividend on an annualized basis and a yield of 0.60%. Monolithic Power Systems’s payout ratio is 59.59%.

Insider Buying and Selling

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $804.19, for a total transaction of $2,010,475.00. Following the transaction, the chief financial officer now directly owns 69,986 shares of the company’s stock, valued at $56,282,041.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the completion of the sale, the executive vice president now directly owns 130,744 shares in the company, valued at approximately $89,145,181.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $804.19, for a total value of $2,010,475.00. Following the completion of the transaction, the chief financial officer now directly owns 69,986 shares in the company, valued at $56,282,041.34. The disclosure for this sale can be found here. Insiders sold 81,311 shares of company stock worth $61,382,161 in the last quarter. 3.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on MPWR. Oppenheimer increased their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Truist Financial raised their target price on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Wells Fargo & Company upped their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Finally, KeyCorp lifted their target price on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $766.00.

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.